Types of Innovation

Due to the fact that innovation is a complex and multifaceted phenomenon, different researchers have different approaches to understanding and defining this category. For this reason, there is a fairly large number of different classifications of types of innovations in the scientific literature. Below are just a few of them.

So, Geoffrey Moore distinguishes the following types of innovations:

According to another classification, innovations are divided into product-oriented (the result is a specific product) and process-oriented (the result is new processes or technologies leading to the production of new products).

Another type of innovation can is “dynamically continuous innovation. As you know, one of the significant drawbacks of innovations is that in the process of irs practical implementation, they can lose their relevance because during this time, there are many new ideas in the same area of knowledge, which in fact can be improvements of the developed innovation. The concept of dynamically continuous innovation implies such characteristics of the innovation process that would allow them to be refined and optimized during their implementation.

A number of authors propose to divide innovations according to the principle and environment of their occurrence into exogenous and endogenous. Exogenous innovation occurs as a result of changes in the market, requiring the emergence of new technologies and ideas. In general, they appear in response to increased demand or as a way to remove barriers to market development in a particular area. The main purpose of the emergence of exogenous innovations is to establish a balance in a particular area of human activity.

The types of innovations, in addition to those described above, were distinguished by a number of researchers and additional types. So, Clement Mok proposed to consider a special type of innovation – preventive – ideas or solutions that are produced in order to avoid certain consequences or events in the future.

Another type of innovation is social innovation, which, according to a number of authors, in general, can have the following three meanings.

The first is related to the satisfaction of unsatisfied social needs. Such innovations are aimed at:

The second meaning is associated with innovations in the field of interaction between the individual and the group, as well as between groups of different sizes with very different socio-psychological and structural characteristics.

The third meaning is associated with the creation of conditions for equal access to funds and resources for almost all members of society.

Types of management

Types of business strategies

Types of decision making