Monday, May 9

Innovation - The "what" and the "degree".

Most of the literature on innovation at the firm level distinguishes between process and product innovation. This is fine, but it tends to oversimplify. Other writers talk of administration innovation; technical innovation; managerial innovation etc. etc.

Rather than getting lost in all these different labels, I think it's better to just think of innovation as being relevant to any part of the business, whatever that business may be.

What's more important, in terms of day-to-day running of the business, is the degree of innovation that is being initiated. This is really important because a "small" innovation (incremental, evolutionary, or continuous) needs to be managed differentlty from a "large" innovation (radical, revolutionary, or discontinuous).

I hope I'm not boring the socks off you! I just would like to get some of the key issues out on the table before I start building up this blog, so that somebody can get something out of it!

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