Innovation – creating and sourcing new ways to develop and deliver technologies, products or services – is crucial for organisations to grow and thrive. It allows the organisation to adapt to its environment and to change its environment. Different types of innovation are appropriate for different business circumstances, and selecting the most appropriate type is critical for strategic success. Open innovation – seeking those new ideas externally to the organisation, and to evolve the configuration of the organisation with its partners – is also becoming increasingly important.
Fractal has a toolkit to assist your organisation to understand the types of innovation relevant to your business situation, and to embed innovation in the way the organisation works.