What Are The Major Sources Of New Innovation Ideas? Unexpected Occurrences. Consider, first, the easiest and simplest source of innovation opportunity: the unexpected. … Incongruities. … Process Needs. … Industry and Market Changes. … Demographic Changes. … Changes in Perception. … New Knowledge. What are sources of new ideas? External sources: customers; lead-users (user solutions);
What Are The Pillars Of Innovation? True innovation is based on a foundation supported by three core pillars – new technology, customer collaboration and strategic partnerships. If implemented effectively, they will drive your business from improving and renovating understood business areas to differentiating by solving new problems that will arise. What are the five principles
What Are Three Reasons Why Innovation Is Important? Innovation grows your business. Business growth means, ultimately, increasing your profits. … Innovation helps you stay ahead of the competition. … Innovation helps you take advantage of new technologies. What are 3 potential benefits of innovation? Advantages of innovation in business increased competitiveness. improved brand recognition and