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Innovation and ideas - Coggle Diagram
Innovation and ideas
Innovation
a process
improvement or replacing
by methods
methods' requirement
for creating new value
application
Companies' competitiveness
Price leadership
innovation
process centric
cost effectiveness
strategy of differentiation
innovation
unique distinguishing features
Crucial for companies
variation of innovative strategies
long term success of companies
competitive landscape
Requirements
higher degree of creativity
more willingness to take risk
clear innovation strategy
Mindset
deviate from traditional approaches
collect new and fresh ideas
for new results new values
Push forward to the unknown and believe
diversity of thinking for new ideas