Innovation

Overview page.

Typology of Innovation

"* Price-driven innovation focuses mainly on cost efficiency and strives toward having the lowest prices on the market. Examples of this may be different low-price airlines (like Norwegian or Sterling).

• In research or technology-driven innovation the product emerges from the availability of new technology principles and devices. And the aim here is to gain a technological advantage over the competitors by being the first to introduce these new principles in the market. We find examples of this in the medical industry.

• Third, we have user-driven innovation where the innovation process is about exploiting the knowledge about the customer when trying to answer explicit and immediate needs in the market. The focus here is to develop a product or service which meet these demands in a better way than the product or service did before."

(http://www.openp2pdesign.org/blog/archives/155)

Original source: [1]

Key Innovation Trends

1. Innovation is becoming diffuse: Diffuse Innovation
2. Innovation is becoming social, socialized: Socialization of Innovation
3. Innovation is becoming "user-centered": User-centered Innovation
4. Innovation depends on Communities: Role of Communities in Innovation

Also:

1. The Power Laws of Innovation
2. Micro-Innovation

Examples

1. Cooperative Innovation at Aventis
2. Collaborative Innovation at Michelin

Key Books to Read

1. Democratizing Innovation. Erik von Hippel.
2. Open Innovation
3. Innovation Happens Elsewhere

Listen and watch

1. Clayton Christensen on Open Source and Innovation in Business

Policy

1. Charles Leadbeater on Three Key Policy Reforms for Mass-based Innovation
2. Ross Dawson on Innovation in Business

Miscellaneous

1. Social Innovation Conversations
2. Open Standards - Open Source - Open Innovation
3. Direction of Innovation Graph
4. Collaborative Innovation Networks
5. Major Sources of Innovation