Category

Innovation Strategy

4 Types of Innovation Innovation Strategy

4 Types of Innovation

There are 4 types of innovation: Process Innovation Product/Service Innovation Customer Experience Innovation Business Model Innovation Process Innovation Process innovation is an incremental innovation where you make improvements in your organization's internal processes. This may be a supply chain, a…
John Hwang
February 15, 2017
The 80/20 Principle Innovation Strategy

The 80/20 Principle

Google has 20% innovation time. Google's 80/20 innovation time refers to Google encouragin their employees to spend 20% of their paid time to dream, brainstorm, and test their own ideas. 3M has 15% innovation time. Many, many companies have emulated…
John Hwang
January 21, 2017