THE TEN TYPES OF INNOVATION: CONFIGURATION
1) PROFIT MODEL: (Doblin, 2013)
The profit model is one that finds a way to convert a firms offerings into cash. This type of innovation challenges the tired old assumptions of different industries on the subject of what to offer, how much to charge, or the different forms of collecting revenues.
2) NETWORK: (Doblin, 2013)
This type of innovation gives companies an opportunity to take advantage of others processes, technologies, channels, and brands. Through this type of innovation, a firm can build and intensify its own strengths while simultaneously taking advantage of the capabilities and assets of other companies. This type of innovation helps executives share the risk in developing new offers and ventures.
3) STRUCTURE: (Doblin, 2013)
This type of innovation focuses on organizing company assets in inimitable ways in order to create value. This type of innovation also attracts talent.
4) PROCESS: (Doblin, 2013)
This type of innovation involves activities that produce offerings for a firm. This type of innovation is essential in establishing core competencies.
Click the link below to gain in depth knowledge of the two different types of innovation under the category of offering:
The profit model is one that finds a way to convert a firms offerings into cash. This type of innovation challenges the tired old assumptions of different industries on the subject of what to offer, how much to charge, or the different forms of collecting revenues.
2) NETWORK: (Doblin, 2013)
This type of innovation gives companies an opportunity to take advantage of others processes, technologies, channels, and brands. Through this type of innovation, a firm can build and intensify its own strengths while simultaneously taking advantage of the capabilities and assets of other companies. This type of innovation helps executives share the risk in developing new offers and ventures.
3) STRUCTURE: (Doblin, 2013)
This type of innovation focuses on organizing company assets in inimitable ways in order to create value. This type of innovation also attracts talent.
4) PROCESS: (Doblin, 2013)
This type of innovation involves activities that produce offerings for a firm. This type of innovation is essential in establishing core competencies.
Click the link below to gain in depth knowledge of the two different types of innovation under the category of offering: