What types of innovation are there?

The term innovation is very versatile and is also used in a very inflationary way. For a clear, common understanding in enterprises, a clear definition of the term is important. There are different types of innovation with regard to the object of innovation and the degree of innovation. This knowledge of the classification is necessary for innovation management. There are blurred boundaries in the classification of types of innovation. Where exactly the boundaries between the individual innovation types lie in these categories, an organization must define for itself.

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Why do we deal with types of innovation? From the point of view of innovation management, the types of innovation and thus the classification of innovation have a strategic and procedural significance.

Innovation Paper