Definition Of Innovation Hbr

Our definition of innovation is intentionally broad and therefore covers multiple categories of innovation but of course the more you push to the disruptive blue ocean moonshot transformational variety the more what you ve said is no doubt true.

Definition of innovation hbr. What is the difference between innovation and invention. People are sometimes confused about the difference between innovation and disruption. It is hard work. The words innovation and invention overlap semantically but are really quite distinct.

A disruptive innovation by definition starts from one of those two footholds. Since no one knows exactly where valuable innovations will emerge and searching everywhere is impractical executives must create some boundary conditions for the opportunity spaces they want to explore. Innovation is inherently risky to be sure and getting the most from a portfolio of innovation initiatives is more about managing risk than eliminating it. Innovation certainly is energizing and when managed properly can have world changing impact.

But uber did not originate in either one. Find this and other hbr graphics in our visual library sustaining innovation. It s not exactly black and white but there are real distinctions and it s not just splitting hairs. It arises from a cold eyed analysis of seven kinds of opportunities.

It is difficult to claim that the company found a low end opportunity. In business innovation rarely springs from a flash of inspiration. Incongruities alcon laboratories was one of the success. Most innovation happens here because most of the time we are seeking to get better at what we re already doing.

How to use innovation in a sentence. 23 quotes from hbr s 10 must reads on innovation with featured article the discipline of innovation by peter f. But innovation is a discipline to be mastered and managed.