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Business Innovation

One of the featured categories on All Things Innovation, Business Innovation features a range of helpful information on current business trends, innovative business models, and more for the innovation professional. This includes business innovation ideas, innovation ecosystems, future of work, growth innovation, supply chain innovation, finance innovation, and more. This area further looks at business transformation, strategic innovation, stakeholders, collaboration, and other foundational knowledge and business innovation ideas for the innovation expert and novice alike.

Business innovation refers to the process of creating and implementing new ideas, products, services, processes, or innovative business models that result in significant improvements, increased efficiency, or the development of novel strategies that give a company a competitive advantage in the marketplace. It involves finding innovative solutions to existing challenges or identifying new opportunities to meet customer needs, often with the goal of increasing revenue, reducing costs, or enhancing the overall performance of a business.

Business innovation ideas can take various forms, including product innovation, process innovation, business model innovation, marketing and sales innovation, organizational innovation, and technological innovation. Business innovation ideas are essential for companies to stay competitive and adapt to changing market dynamics. It requires a proactive approach, a willingness to take calculated risks, and a commitment to continuous improvement and creativity. Innovations can be incremental, where small improvements are made over time, or disruptive, where entirely new approaches or technologies revolutionize an industry.

Articles

Crumpled paper on top of idea/innovation sketch pad with drawing of light bulb.

FEI 2024 Report: The Future of Innovation

A successful three-day event marked Front End of Innovation (FEI) 2024 in Boston, held June 10 to 12 at the Omni Hotel at the Seaport. A reenergized a...
Experimentation Works book cover

Experimentation Works: The Surprising Power of Business Experiments

Don’t fly blind. See how the power of experiments works for you. When it comes to improving customer...
A Beautiful Constraint book cover.

A Beautiful Constraint: How To Transform Your Limitations Into Advantages, and Why It’s Everyone’s Business

An inspiring yet practical guide for transforming limitations into opportunities A Beautiful Constraint: How to Transform Your Limitations...

The Other Side of Innovation: Solving the Execution Challenge

Companies can’t survive without innovating. But most put far more emphasis on generating Big Ideas than on executing...
Corporate Explorer book cover.

Corporate Explorer: How Corporations Beat Startups at the Innovation Game

Corporate Explorers Transform Disruption Into Opportunity With This Proven Framework Innovation used to be seen as a game...
Seeing Around Corners book cover.

Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen

The first prescriptive, innovative guide to seeing inflection points before they happen—and how to harness these disruptive influences to give...
hands holding a rubick's cube, trying to solve the puzzle.

The Road to FEI24: Business Transformation in a World of Technological Blast

Christian Saclier, VP Design Innovation, PepsiCo, is participating in FEI 2024 with the presentation, “Business Transformation in a World of Technol...
honey jars with dripping honey

Capturing Value with Business Model Innovation

While product and service innovation are integral in today’s competitive business environment, one shouldn’t overlook creating value through busin...

Finding the Way to Business Transformation

The concept of business transformation can be defined with a broad range of meanings depending upon the business and the different stakeholders that p...

Bringing Sales and Innovation Together

Just how can innovation and sales work together to find success? Too often, companies find themselves stuck in their respective departments and the si...