Getting the Balance Right:  The innovation ecosystem, Infographic | A New Paradigm of Development |

"The right innovation mix, core, adjacent, and transformational  depends on your business and your needs."




There are three main components of an organisation’s innovation ecosystem. Getting the balance right between these three components is crucial:


1) Balance/Mix of innovation types


2) Structure (process, capabilities, culture, funding)


3) Metrics & tracking


Core innovation is the largest amount of effort (70%) ...typically more incremental improvements


Adjacent innovation, riskier.  can involve taking existing products to new markets or, more commonly, developing value-add products or services to existing core     Transformational innovation, highest risk - new products and services, new markets – big changes to the business


Read the full article here.

Via Deb Nystrom, REVELN, Robin Martin, U-M Human Resource Development