The demand for innovation competencies in any type of organization has increased exponentially over the last decade. Competitive pressures and accelerated technological change forces companies to adopt higher impact innovation strategies to produce faster and more profitable results. Even in mature and slower moving industries the need for leveraging innovation as a growth strategy is on the rise.
Open Innovation, Disruptive Innovation and Frugal Innovation are just a few of the more popular innovation strategies that organizations pursue in an attempt to carve out a unique position in their current markets, explore adjacent markets or create new markets.
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