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Comparison between two innovation approaches.
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Serendipitous vs. Strategic Innovation
Serendipitous Innovation
Comes from the word “Serendipity”
Serendipitous Innovation falls into two categories:
-Personal discoveries that eventually become a marketing or business success
- Established companies seeking for serendipitous ideas
How Do Companies Promote Serendipitous Innovation (and Ideas)?
• To generate innovative interactions, organizations must be sufficiently perceptive to ensure their agents of creativity – regardless of their fields of expertise or activity – have the opportunity to meet on
occasion throughout the course of the day
Lounges
Eliminating cubicle work spaces
Idea Rooms
Strategic Innovation
A plan made by an organization to encourage
advancements in technology, product or services, usually
by investing in R&D activities.
Strategic Innovation
“Accidents happen. There’s nothing mystical about them—but it’s a marketer’s practical ability to take advantage of the best accidents and transform them into opportunities, and eventually, a marketing success.”
-Matthew E. May, EDIT Innovation