{"id":77904,"date":"2022-06-13T07:19:00","date_gmt":"2022-06-13T11:19:00","guid":{"rendered":"https:\/\/www.businesspundit.com\/?p=77904"},"modified":"2022-06-13T13:25:52","modified_gmt":"2022-06-13T17:25:52","slug":"10-types-of-innovation-that-lead-to-exciting-breakthroughs","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/10-types-of-innovation-that-lead-to-exciting-breakthroughs\/","title":{"rendered":"10 Types of Innovation That Lead to Exciting Breakthroughs"},"content":{"rendered":"\n

Inventing new products is just one type of innovation. There are many other types of innovation that have led to big breakthroughs in business throughout history. <\/p>\n\n\n\n

This graphic illustrates 10 types of innovation.<\/strong><\/p>\n\n\n\n

\"Innovation\"<\/figure><\/div>\n\n\n\n

The types of innovation found on the innovation wheel are broken down into three distinct categories: Offering, Experience, and Configuration.<\/p>\n\n\n\n

Offering<\/h2>\n\n\n\n
\"offering\"<\/figure><\/div>\n\n\n\n

The offering category includes product performance and product system. <\/p>\n\n\n\n

Product performance<\/strong> describes the distinguishing features and functionality of a product.<\/p>\n\n\n\n

 Product system<\/strong> includes complementary products and services offered by a company.<\/p>\n\n\n\n

Experience<\/h2>\n\n\n\n
\"experience\"<\/figure><\/div>\n\n\n\n

The experience category includes service, channel, brand, and customer customer engagement.<\/p>\n\n\n\n

Service<\/strong> describes the support and enhancements that surround a company’s offerings.<\/p>\n\n\n\n

Channel<\/strong> describes how a company’s offerings are delivered to customers and users.<\/p>\n\n\n\n

Brand<\/strong> describes the representation of a company’s offerings and business.<\/p>\n\n\n\n

Customer Engagement<\/strong> describes distinctive interactions a company fosters.<\/p>\n\n\n\n

Configuration<\/h2>\n\n\n\n
\"configuration\"<\/figure><\/div>\n\n\n\n

The configuration category includes profit model, network, structure and process.<\/p>\n\n\n\n

Profit model<\/strong> describes how a company makes money.<\/p>\n\n\n\n

Network<\/strong> describes connections with others that create value for a business.<\/p>\n\n\n\n

Structure<\/strong> describes the alignment of a company’s talent and assets.<\/p>\n\n\n\n

Process<\/strong> describes a company’s signature or superior methods for accomplishing work.<\/p>\n\n\n\n

Business owners and managers can look at these 10 different types of innovation to discover new and exciting product opportunities. <\/p>\n","protected":false},"excerpt":{"rendered":"

Inventing new products is just one type of innovation. There are many other types of innovation that have led to big breakthroughs in business throughout history.<\/p>\n","protected":false},"author":74,"featured_media":77905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-77904","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/77904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=77904"}],"version-history":[{"count":4,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/77904\/revisions"}],"predecessor-version":[{"id":79807,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/77904\/revisions\/79807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/77905"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=77904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=77904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=77904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}