What is Innovation and Innovation Management?
Ask ten professionals and you will receive ten different answers. There is confusion around basic concepts that will require some elaboration, to set a proper point of departure. The two main types of innovation (radical and incremental) necessitate conflicting toolsets, which need to be used simultaneously. Before we begin, we must make sure that everyone is on the same page with regards to basic concepts about innovation management, and gain an understanding as to why it is challenging to implement effective innovation management practices for many.
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