Tim Kastelle, on his blog, dissects the types of innovation based on an Innovation Matrix that measures companies based on Innovation Commitment and Innovation Competence.
He argues some companies don't need to innovate, i.e.:
well-established firms in stable industries
monopolies and oligopolies
some startups
established firms that have forgotten how to innovate
I like his reference to Schumpeter regarding innovation in startups:
Click here to read the full article.
He argues some companies don't need to innovate, i.e.:
I like his reference to Schumpeter regarding innovation in startups:
"..all new firms are founded on an innovation, but there are two groups that don’t: startups in bubbles and startups in trouble."
Click here to read the full article.
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