Making it BIG is about being a disruptive force and a game changer in your market.

 

Radica Innovation types: Breakthrough innovation, Disruptive innovation, Game changing innovation

What Is Radical Innovation?

Radical innovation, concerned with exploration of new technology, is fundamentally different from incremental innovation that is concerned with exploitation of existing technology. It creates such a dramatic change in processes, products, or services that they transform existing markets or industries, or create new ones... More 

 

  

   

   

Vadim Kotelnikov advice quotes

Radical innovation should be followed by a chain of incremental innovations to stay competitive.  →  Example

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo    Business e-Coach    Innompic Games icon

 

 

Radical Innovation Radical Project Management Radical Innovation case studies Fuzzy Front End Specific Skills of a Radical Project Leader New-to-the-World Product Development Blue Ocean Strategy Uncertainties and Challenges Technology Innovation Innovation Project Management: 2 Approaches Radical Innovation: Definition Radical Innovation and Radical Project Management

  

  

Fuzzy Front End

High and Multidimensional Uncertainties that Must Be Resolved

  1. Technical uncertainties issues related to completeness and correctness of the underlying scientific knowledge and the technical specifications... More

 

Disruptive innovations
enable rapid growth, and create high return of investment

 

10 Commandments of Innovation

Be different. Strive to change the name of the game – introduce radical innovations... More

Mechanisms to Stimulate Radical Idea Generation

Motivational tools  >>>

Creative Dissatisfaction  >>>

Strategic Intent

Innopreneurial Games

KoRe 10 Innovative Thinking Tools

Facilitating team creativity  >>  10 Tips

Organizational mechanisms

Freedom To Fail  >>  Noble Failure

Bridge the Conversion Gap
between your Knowledge Base and Radical Innovation Projects

Incremental versus Radical Innovation1

 

Incremental

Radical

Emphasis

Cost or feature improvements in existing products and/or processes

Development of new businesses, products and/or processes

Technology

Existing

New

Uncertainty

Low

High

Trajectory

Linear and continuous

Sporadic and discontinuous

More

 

 

 

Seven Managerial Challenges and
Competencies Required to Address the Challenges

By: Harvard Business School1

 

 Challenges

Competencies

1

Generating radical ideas and capturing them in the “fuzzy front end

Generation of good ideas

Recognition of opportunities enabled by breakthroughs

Development and implementation of an effective approach to initial evaluation

Practicing loose-tight leadership to manage radical idea generation and selection... More

   

Traditional Strategy versus Strategic Innovation

Traditional approaches

Strategic Innovation approach

Focus on incremental innovation

Seeks breakthrough, disruptive innovation – while continuing to build the core

More

Why Radical Innovation?

"If you want to succeed, you have to forge new paths and avoid borrowed ones." ~ John Rockefeller

Long-term corporate success is linked to the ability to innovate. Although corporate investment in improvements to existing products and processes does bring growth, it is new game changing breakthroughs that will launch company into new markets, enable rapid growth, and create high return on investment. Companies that are not bound by prevalent fallacies and rules of conventional wisdom have been able to break out of the pack, create a new highly profitable market niche, and win customers.

Value Innovation: Yin-Yang Strategies Download PowerPoint presentation, pdf e-book

Blue Ocean vs. Red Ocean Strategy

Radical innovation should be a continued activity to help your company reinvent itself and maintain its market leadership.

Research show firms that dominate one generation of technology often fail to maintain leadership in the next because these industry leaders continue investing in incremental improvements in the technologies that made them successful, even when more effective "disruptive" technologies appear on the horizon, and   start undermining the old ones.

Incremental innovation allows you address the ever-changing needs of current customers and keeps cash flow healthy, but it must be supplemented by periodic infusion of radical innovation that creates a new market niche or adds new disruptive value to the existing marketplace, changes the game and provides a platform for the long-term growth.

If you want to succeed over the long haul, you must synergize ongoing incremental innovation with radical innovation.  >>>

Traditional Management Approaches Do Not Fit

Who can implement a radical innovation project? Don’t give an innovation project to a line manager who is running an established business as well.  >>>

High levels of uncertainties – technical, market, organizational, and resources create extraordinary challenges for radical project management... More

  10 Commandments of Innovation  Download PowerPoint presentation, pdf e-book

Radical Innovation by Cross-Functional Individuals

"Here is the paradox: You need a great team of people with diverse skills to perform a symphony well, but no team has ever written a great symphony!" say researchers from Harvard Business School.

While cross-functional teams are key players in defining and implementing incremental innovation projects, disruptive cross-functional individuals tend to be key players in defining radical innovation projects.

BE MAD

Individuals who are likely to excel in a radical innovation project, besides having superior technical capabilities, should be goal-oriented, broadly educated, creative, extremely bright, not afraid to be different, integrative, Flexibility, passionate, entrepreneurial, aggressive, eager to learn business, able to take risks, and inquisitive.1  >>>

Fuzzy Logic

Modern business and technology leaders use the managerial equivalent of fuzzy logic to address the ambiguity of the fuzzy front end. The core elements of this approach include... More

Improvisation-driven Radical Project Management (RPM)

The improvisation-driven model is one approach to radical innovation project management. It works well when the unknowns are high and the players are seasoned. This model doesn’t discard structure, just as there is a clear structure to good jazz.

Rather than having it overlaid from the outside, though, the improvisational approach builds structure from the inside as it is needed. That’s why it requires a critical mass of experienced people to work... More

Technology Commercialization – Venture Pathways

In deciding how to most profitably mobilize intellectual property, a company should consider a wide range of options... More

Radical Project Management (RPM)

As radical innovation projects are characterized by higher levels of uncertainties – technical, market, and organizational, –  patterns of their journey to the marketplace are unlike those in incremental innovation projects... More

Business e-Coach Simulation Game "Innoball"

Innoball is a breakthrough business game that helps disruptive innopreneurs achieve great success in the real world. These simulation games develop as a sequence of assumed moves by innovators and their opponents. They help you to:

Business e-Coach KoRe 10 Innovative Thinking Tools

KoRe 10 Tools help innovators approach creation of entrepreneurial strategies and anticipation of opponents' moves more systematically. The Kore 10 Tools help also  innovation leaders and radical project managers strengthen and synergize the most important areas of innovation... More

Prototyping

There are many new product performance problems, but rapid prototyping can help solve many of them.  "Quick prototyping is about acting before you've got the answers, about taking chances, stumbling a little, but then making it right. Living, moving prototypes can help shape your ideas. When you're creating something new to the world, you can't look over your shoulder to see what your competitors are doing; you have to find another source of inspiration," says Tom Kelly6 from IDEO... More

Learning about the Markets for New-To-The-World Products

Radical innovators generally have only the outlines of a very big picture and, compared with incremental innovators, must operate in the dark, since customers seldom have a context for understanding the product or its capabilities. Neither the final new-to-the world product, nor its applications can be described reliably.

As exploratory questions are most important for market learning, traditional market research methods designed to answer traditional market research questions are used infrequently in radical innovation projects. To do a better job of learning about markets for radical innovations, some alternative approaches should be practiced.4... More

Business e-Coach CimWave

CimWave is a Cimcoin-powered Internet-shop of cheap innovative products. It help innovators create new market niches for breakthrough products faster. CimWave also allows enthusiasts to buy more of innovative product for the same amount of money... More

Case Studies 3M

3M achieved legendary success as an innovator by giving its people room to develop their ideas in quasi-entrepreneurial fashion. For years, it ranked among the leaders of FORTUNE's list of most admired companies... More

Synergize Incremental and Radical Innovations

Strike a synergistic balance in your innovation portfolio between the immediate and the future to achieve bottom-line results and top-line growth... More

   

Steve Jobs advice quotes

Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?

Steve Jobs

Apple

Goggle Larry Page business advice quotes

I think it is often easier to make progress on mega-ambitious dreams since you have little competition.

Larry Page

Google

Guy Kawasaki innovation quotes

True innovation happens when a company jumps to the next curve – or better still, invents the next curve.

Guy
Kawasaki

Peter Drucker advice

For in-company ventures in an established business, insulate the new venture from the main business... More

Peter Drucker

 

 

 

     

Vadim Kotelnikov, founder of 1000ventures - personal logo Coaching by Example

     

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Strategic simulation game "Innoball"
is a powerful success catalyst that helps you 
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pursue emerging opportunities  >>>

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References:

  1. Radical Innovation, Harvard Business School

  2. Venture Catalyst, Donald L. Laurie

  3. A Manager's Guide for the New Millennium, Ken Matejka & Richard J. Dunsing

  4. Relentless Growth, Christopher Meyer

  5. Developing Products in Half the Time, Donald Reinertson and Preston Smith

  6. The Art of Innovation, Tom Kelley