The Definitive Guide: What is Innovation?

The Definitive Guide: What is Innovation?

Innovation is essential for companies wanting to stay ahead, but it can feel overwhelming. This guide provides a comprehensive understanding of innovation, its types, and how to work with it vs. operations. Innovation is creating something new and valuable that benefits society, companies, or individuals. It goes beyond optimization and requires a learning-by-doing approach. Working with innovation is about finding and realizing something new. Innovation can be categorized into Continuous Improvement, Incremental Innovation, Radical Innovation, and Disruptive Innovation, each requiring a different approach. Companies must establish initiatives in all categories to remain competitive.

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More Innovation Resources:

Five Innovative Recruitment Initiatives

Innovation in recruitment is crucial to stand out. Read about five innovative initiatives that have impacted the HR industry.

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The 'perfect' office layout for innovation and productivity

What is the perfect office layout for innovation and productivity? It’s a mixture of different environments, including focus zones, collaboration zones, laboratory zones, mind-opening zones, communal zones, and virtual/external zones.

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How to hit the innovation sweet spot and why it’s not all that straightforward

The innovation sweet spot requires satisfying four criteria: desirability, viability, feasibility, and integrity. Failing to meet even one can lead to failure.

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