Systemic Innovation: 7 Areas

 

 

10 Commandments of Innovation

Assess the innovativeness of your organization:

❶  Incremental Innovation

– Doing more of the same things you have been doing with somewhat better results.

❷  Additive Innovation

– More fully exploiting already existing resources, such as product lines extensions, and can achieve good results. These opportunities should rarely be treated as high priority efforts. The risks should be small – and they should not take resources away from complementary or breakthrough opportunities.

Value Innovation: Yin-Yang Strategies

❸  Complementary Innovation

– Offers something new and changes the structure of the business.

❹  Breakthrough Innovation (Radical Innovation)

– Changes the fundamentals of the business, creating a new industry and new avenues for extensive wealth creation >>>

  

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  Advices by Self-made Billionaires

 
Steve Jobs advices

Innovation distinguishes between
a leader and a follower.

Steve Jobs

Apple

Naryana Murthy advice

The only one ingredient for innovation is the power of the human mind. Attract, enable, empower and retain the best of the brightest.

Naryana Murhty

Infosys

Bull Gates advice

Every day were saying, 'How can we get ahead in value innovation, because if we don't, somebody else will.

Bill Gates

Microsoft

Larry Page success advice

We have a mantra: don’t be evil, which is to do the best things we know how for our users, for our customers, for everyone.

Larry Page

Google

Richard Branson advice

You never know with these things when you're trying something new what can happen. This is all experimental.

Richard Branson

Virgin

Mark Zuckerberg advice

What not being ‘just’ a company means to me is building something that actually makes a really big change in the world.

Mark Zuckerberg

Facebook

Jack Ma success advice

You should learn from your competitors, but never copy. Copy and you die.

Jack Ma

Alibaba