What is an example of breakthrough innovation?

One of the best cited examples of breakthrough innovation on the tech front is the first iPhone. By harnessing new technology, Apple was able to bring a fundamentally new product to market, creating new demand in the process.

What is innovation breakthrough?

Breakthrough innovation is defined as an innovation from inside a company that pushes something to the next level. It is innovation that opens the company to new markets or changes the way customers interact with the market or the industry.

How do you create a breakthrough innovation?

Now that you hopefully have a better idea of what breakthrough innovation is, the obvious remaining question is how to make it happen….How to create breakthrough innovations?

  1. Identify the right problem or opportunity.
  2. Address the opportunity with a key innovation.
  3. Scale the innovation to breakthrough impact.

What is the first step in creating breakthrough innovation?

In 4 phases to breakthrough innovation.

  1. Stage 1: Formation of an internal project team.
  2. Step 2: Validation and finalization of the search field.
  3. Step 3: LEAD User Search.
  4. Step 4: LEAD User Conference.
  5. Optional: Phase 5: Proof of concept und Prototyping.

Why is breakthrough innovation important?

Breakthrough innovation is the most important concept in innovation because it can be demonstrated virtually all real economic growth or societal progress which is driven by disruptions. Breakthrough innovation has greater ROI but with much bigger risks.

What is difference between innovation and breakthrough?

While the disruptive innovation process refers to a change in the market structure, the breakthrough innovation, in contrast, reflects a radical change in the technology or in the product range.

What are the breakthrough products examples?

For example, consider the Apple iPhone – a breakthrough product. The iPhone revolutionized the way people use their phones. Suddenly, people could now use their phones to listen to music. The iPhone also created a new industry that was geared toward mobile phone accessories.

What are breakthrough projects?

A Breakthrough Project is an initiative with a specific team or group that has an aggressive, quantifiable goal. The breakthrough goal represents the accomplishment of an unprecedented or seemingly impossible objective.

What are the three levels of innovation?

The Three Levels of Innovation

  • Incremental Innovation. This consists of small, yet meaningful improvements in your products, services, and other ways in which you do business.
  • Breakthrough Innovation.
  • Transformational Innovation.