Business & ManagementIB

Types of innovation

Types of innovation...Product innovation: creating or developing new and existing products. Process innovation: changing the ways in which production or delivery...
Types of innovation
  • Product innovation: creating or developing new and existing products.
  • Process innovation: changing the ways in which production or delivery occurs.
  • Positioning innovation: changing the context of a product by repositioning it.
  • Paradigm innovation: most radical method, changes the nature of a market

        (e.g., How e-commerce revolutionised the shopping industry).

Adaptive creativity altering and modifying something that already exists.

     E.g., when Apple comes out with a newer model of one of their iPhones.

Innovative creativity creating something new.

     E.g., if Apple to were release a range of cars.

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