Breakthrough innovations are innovation that leads to major scientific breakthrough. They often establish the platform on which future innovation in an area are developed. They are usually very few. Breakthrough innovations include such ideas as the computer, the air plane and the internet.
Technological innovation are in general not at the same level as scientific discovery, but they create technological advancement in product and market areas. Examples include jet plane, personal computer, voice and text messaging.
This type of innovation occurs most frequently. Ordinary innovation comes from market analysis and they extend a technological innovation into a better product or service or one that has a different, usually a better market appeal. One unique characteristics of ordinary innovation is that the market has a stronger effect on the innovation (market pull) than the technology (technology pull)
Areas of Innovation in Business includes:
Continuous improvements, making the product more:
Process improvement: Make processes:
New business models:
Restructure the nature of how business is done to serve the customer better and
Develop new products and services to:
Socio-organizational: Design new human relationships to: