Six Types of Innovation
Innovation is not just about brand new products. There are many places where you can be innovative and often the context helps define innovation.
The six focus areas for innovation are:
- Product --- what we produce and sell
- Service --- exceeding customer expectations
- Process --- continuous improvement of how we do things
- Management --- business strategies, systems and structures
- Open --- working beyond boundaries and collaborating globally
- Value --- creating unique value that eliminates the cost to compete