Incremental innovation: "Progressive improvement of product or service." Introduction of successive improvements in existing products or services, which are progressively improved.
Open innovation: term coined by Professor Henry Chesbrough is a new innovation strategy under which companies go beyond the internal limits of the organization and where cooperation with external professionals has a key role. Open Innovation means combining internal knowledge with external knowledge to take forward the draft strategy and research and development. It also means that companies use both internal and external channels to market their products and technologies.
Social innovation: Innovation also can have a social aspect. The term social innovacion is applied to those innovations that satisfy social objectives and benefits people. Nowday is a widely use term.
Do you think that society is alert for innovation? What about you? Do you consider that your company or institution is ready for it? Are any of types of innovation practiced in your business? Do you think that open innovation and social innovation are useful for your company? Discuss it with friends and colleagues.
Sharing Innovation and Knowledge Why sharing innovation and knowledge? What results can be expected from sharing innovation? We propose you to reflect on the reasons to share. What might be, in your opinion, the benefits of this practice? Ideas by themselves are worthless. Executing is what gives them value. The main thing is to find people enthusiastic to be part of it and go with it. You can organise this only by sharing ideas and knowledge with others.
The main reasons to share knowledge inside the company are:
increase the knowledge of the employees.
promote collaboration among employees, enhancing the positive results of it.
find solutions to the company’s problems.
increase productivity.
How to share? Through what initiatives and processes is sharing realized? The process of sharing should be supported by the management of the company. Managers should
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