The 3 Types of Innovation: Product, Process, & Business Model - Differential
The most popular types of innovations are product and process innovations. Product innovation refers to a change in the product. It can be in. process innovation relies on different learning mechanisms than product innovation. . l'apprentissage par la pratique pour ces mêmes innovations ( majeures ou mineures). . Human Capital: Education, Experience and Relationships. This publicity seems to have pushed companies into a frenzy as they clamor for ways to integrate creative spark into their product development processes. In fact .
The 3 Types of Innovation: Product, Process, & Business Model
In March, a research lab created a microchip that could actually help bridge the digital divide in developing countries. From a new sneaker that helps people with physical disabilities, to "nanosheets" that can absorb oil spills, to a bindi that delivers much-needed iodine to women in India, these are some of our favorite innovations that truly made a difference in The machine that converts poop into clean drinking water Approximately 2.
The Gates Foundation talked to engineers to figure out how we could use technology to tackle these issues. Peter Janicki, CEO of Janicki Bioenergy, developed a machine shown in the video above that converts sewer sludge into clean drinking water, electricity and pathogen-free ash in a matter of minutes.
The processor can help developing countries both by providing clean water and energy, as well as employing entrepreneurs to run it in the regions where it's needed most.
But researchers at the University of Southern California's Schools of Social Work and Engineering developed a new algorithm called PSINET, which uses artificial intelligence to identify the best person in a specific homeless community to spread important information about HIV prevention among youth. Computer scientists mapped the friendships of homeless teens at a local homeless agency in Los Angeles.
The algorithm looks at this network of friendships, and runs through thousands of possibilities for the person with the greatest reach at a certain point in time. That "peer leader" can then learn about basic information, like where to get tested for HIV, and in turn provide researchers with more information about the homeless community. The sneaker technology designed for people with disabilities Image: Nike InMatthew Walzer, who has cerebral palsy, wrote a letter to Nike asking the company to create sneakers that people with disabilities could easily put on and take off without the help of others.
This year, the company announced a new line of footwear — Flyease — that has a zipper extending around the back of the shoe. Instead of laces, which are incredibly difficult for people with movement disorders, stroke victims and amputees, the zipper allows you to "peel" it open with one hand and slide your foot in easily.
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Nike's senior director of athlete innovation, Tobie Hatfield, designed the technology and worked with Walzer to develop and test the sneakers. The life-saving device that can seal a wound in under a minute Image: While it's been used on the battlefield since Aprilit was recently approved by the FDA for civilian use.
A RevMedx researcher told PBS NewsHour that the sponges expand up to 15 times their size when they make contact with blood, which allows them to apply internal pressure to the walls of the wound cavity and block blood flow. The sponges would replace a medic's traditional method of deeply packing a wound with gauze and maintaining pressure. The "Internet on a microchip" Image: WiderNet The WiderNet Project, based at the University of North Carolina, Chapel Hill, developed the eGranary Pocket Library — a microchip that taps into the power of smartphones, laptops and tablets to deliver offline information and educational resources to billions of people without access to the Internet.
WiderNet has connected with with ministries of education, ministries of health and schools of information science in various countries, and aims to fill each "library on a chip" with a few thousand documents that a given institution, such as a medical school in Zambia, identifies as its core material.
The project reached its crowdfunding goal in May, and is collaborating with librarians, educators and volunteers around the world to pinpoint the information needed most.
Dinnerware that makes life easier for dementia sufferers Image: To tackle this issue, industrial designer Sha Yao created Eatwellan eight-piece dining set that uses more than 20 distinct features to give dementia sufferers more independence during mealtime.
For example, the dishware has slanted bottoms for easy scooping, bright colors to distinguish food and especially ergonomic utensils. A news release from the company explains: Department of Energy], researchers are using the same steam turbine turbomachinery 3D printed in a miniaturized form to compress and stream a mixture of air, salt and water through a hyper-cooling loop that freezes seawater.
By freezing the mixture, the salt naturally separates in solid form, leaving just the ice. The ice is then melted, leaving clean water. During photosynthesis, the plant's waste decomposes in the soil, producing electrons during oxidation. The UTEC team captures these electrons by using electrodes in the soil and storing it in batteries.
This process can light the LED bulbs for up to two hours. A revolutionary material that could absorb large oil spills Image: Nature Communications Researchers at Deakin University in Australia, along with scientists at Drexel University in Philadelphia and Missouri University, developed a type of "nanosheet" that can clean up oil spills like a sponge. Each nanosheet is made up of flakes that are only several nanometers one-billionth of a meter thick with tiny holes, which can grow to the size of 5.
The team developed an early-stage prototype of the idea inwhen it was a powder and didn't yet have a practical use. The laundry device that lets washers reuse water for months Washing machines use 20 gallons of water to remove one tablespoon of dirt. The device filters out waste and recycles clean water and detergent for further cleaning cycles — up to six months' worth.
It comes in flat packs, which means aid organizations can transport it efficiently and assemble it without tools. The designer created the shelters with family needs in mind, so each one includes a solar panel and lamp to provide light.
Better Shelter teamed up with the U. A low-cost device that simplifies auto-transfusion In some developing countries, when patients hemorrhage blood during childbirth, doctors use a ladle and cheesecloth to perform auto-transfusion — gathering and recycling blood for the same patient during a medical procedure. This DIY method is necessary because the machinery and supplies typically used for transfusions are so costly.
Sisu Global Health's first device, the Hemafuseis a low-cost product that makes the process simpler and more sanitary. It works like a hand-pump, sucking up blood and then passing it through a valve to a blood bag for later use. A filter removes clots and other particulates in the blood. This year-old's energy probe powered by ocean waves Image: Discovery Education 3M Young Scientist Challenge Hannah Herbst from Boca Raton, Florida, won the Discovery Education 3M Young Scientist Challenge with her energy probe prototype, which seeks to "offer a stable power source to developing countries by using untapped energy from ocean currents.CompactHabit: Product and Process innovations
The generator turns the movement of ocean waves through the propeller into usable electricity — a small amount that would be enough to power a desalination machine. The prosthetic hand that can generate a sense of touch Image: At that time, process innovation becomes more important. The role of dominant design in innovation choices Is there a clear point when firms begin to change their innovation focus from product to process?
Fortunately, research provides a clear answer here. Before this point, firms experiment with the product. After this event, companies focus more on the process. When dominant design emerges, product innovation passes the baton to process innovation Technological, Market and Financial uncertainty and Innovation Firms face many types risks.
Product vs Process Innovation
Three key ones are the market, technological, and financial uncertainty. Companies attempt to reduce these risks. Early on in new technology, all three uncertainties are high. What the technology can provide and what the market wants are both unclear. As a result, whether there is money to be made is also not very clear.
As the dominant design emerges, technological and market uncertainty reduces. But, financial risk is still high because the cost structure is not yet optimized. Process innovation helps optimize the cost structure and reduce economic uncertainty. Industry Stability And innovation The emergence of dominance design is one driver of industry stability.
It leads to shakeout and reduction in competition.
Process innovation helps firms deepen their positions due to cost structures. Uncertainty declines and incumbents become entrenched. Most profits are made in this era. The risks firms took in the early stages begin to pay out now. In this sense, the era of minor innovations is where most profits exist in an industry. While incremental innovations continue, the direction of change moves beyond product and process innovation. Firms begin to focus on channel innovation, packaging innovation, commercial innovation and financial innovation.
This continues until the next discontinuity takes place. Are you going through a discontinuity or on the cusp of one?