Summary of "Qué es Innovación | Tipos de Innovación y Como aplicarla a tu día a día"

Qué es Innovación | Tipos de Innovación y Cómo aplicarla a tu día a día

Key Business Concepts and Frameworks

Definition of Innovation Innovation is not just about new or advanced technology but about the positive impact on the user’s experience and how well a product solves an existing problem (value proposition).

Value Proposition Central to innovation; it explains how well a product solves a problem and why customers would choose it over competitors.

Types of Innovation

Marginal Innovation Improves the efficiency or effectiveness of an existing value proposition without changing its core purpose. Examples:
- Cola Cao Turbo dissolves faster in cold milk.
- Robot vacuum cleaners with AI and cameras to navigate and clean more efficiently.
Incremental Innovation Expands the value proposition by adding new features or functionalities that increase the product’s attractiveness. Examples:
- Phone case with a built-in stun gun.
- Robot vacuum cleaners that also mop floors.
Radical Innovation Creates a completely new value proposition by solving a problem users were previously unaware of. Examples:
- Telephone, car, internet, personal computer. These represent less than 1% of innovations and cannot be designed through user feedback since users don’t yet know they need them.

User-Centered Innovation - Marginal and incremental innovations are often developed with user involvement. - Methodologies like Design Thinking facilitate continuous user-centered innovation by understanding user needs and improving products accordingly. - Radical innovation, however, emerges independently of current user input because it creates new needs.

Innovation Methodologies and Processes - Emphasis on Design Thinking and Agile Project Management as frameworks to sustain innovation. - Innovation is a continuous process that involves iterative feedback from users to enhance product value.

Business Strategy and Organizational Tactics

Adapting to Technological Change - Technology evolves exponentially (red curve), but human and organizational adaptation occurs at a linear, slower pace (orange curve). - Companies, especially traditional ones, must strive to close the gap by accelerating their innovation pace to keep up with technological advances. - Failure to innovate risks losing market share to competitors who improve user experience, even with inferior products.

Innovation Mindset - Continuous innovation is essential for survival and growth. - Businesses should adopt a mindset of constant change and improvement. - Lower barriers to entry due to accessible technology create opportunities but also threats from agile competitors.

Practical Recommendations and Resources

Engage users directly in the innovation process for marginal and incremental improvements.
Use structured innovation methodologies like design thinking to guide product development.
Monitor technological trends and adapt organizational processes to accelerate innovation cycles.
Access resources such as templates for marketing plans and strategic planning available through JBS Business School’s digital library to support innovation efforts.

Key Metrics and KPIs (Implied or Relevant)

While no explicit KPIs were mentioned, relevant innovation metrics to consider include:

Speed of product improvement (time to market for marginal/incremental changes).
User adoption rates of new features or products.
Customer satisfaction and experience improvements post-innovation.
Rate of technological adoption relative to competitors.
Market share changes linked to innovation initiatives.

Presenters / Source

Presented by JBS Business School (no individual presenter named).
Content drawn from a lesson on innovation types and application in business and personal contexts.