Innovation can be broadly classified into three types listed below.
1. Consumer driven Innovation => This type of innovation is based on necessity to address the needs of consumers. This is typically carried out by private organizations such as IBM or public organizations such as Department of Defense.
2. Non-consumer driven Innovation => This type of innovation is based on passion by researchers, thinkers, and practitioners to advance knowledge and skills. This is typically carried out in the laboratories and the universities.
3. Hybrid (Consumer and Non-consumer) innovation => This type of innovation may start as non-consumer driven innovation and may morph into or gets integrated with consumer driven innovation. This type of innovation may also start as consumer driven innovation and may morph into or gets integrated with non-consumer driven innovation.
1. Consumer driven Innovation => This type of innovation is based on necessity to address the needs of consumers. This is typically carried out by private organizations such as IBM or public organizations such as Department of Defense.
2. Non-consumer driven Innovation => This type of innovation is based on passion by researchers, thinkers, and practitioners to advance knowledge and skills. This is typically carried out in the laboratories and the universities.
3. Hybrid (Consumer and Non-consumer) innovation => This type of innovation may start as non-consumer driven innovation and may morph into or gets integrated with consumer driven innovation. This type of innovation may also start as consumer driven innovation and may morph into or gets integrated with non-consumer driven innovation.
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