4 Types Of Innovation & The Problems They Solve
Article: https://hbr.org/2017/06/the-4-types-of-innovation-and-the-problems-they-solve Many of our "Innovation Mirror" posts describe innovation as a process of change, without identifying exactly what this "change" involves. If we were to explore this question further, I am sure that many of us would understand that this change is geared towards coming up with a solution for particular problems. In the article I shared above, Satell describes innovation as a problem solving process. Here he identifies 4 types of innovation and the types of problems that they solve. More, he categorizes each innovation type in relation to how well the problem is defined, along with how well the domain is defined. From here, we can decide on what type of innovation our problem requires in order to come up with a solution. Source: Harvard Business Review; Greg Satell : The 4 Types of Innovation and the Problems They Solve 1. Breakthrough...

I love how you added the component of destruction. Can you elaborate on this? Are you referring to the ways in which innovative companies destroy competitors?
ReplyDeleteHi Jace,
DeleteWhile i can't speak Adam and what he means by destruction i can take a guess. My interpretation has to with how technology often replaces or destroys its predecessor by being disruptive. Examples could be Uber and ride sharing destroying the taxi industry or streaming services killing cable television.