Download and customize hundreds of business templates for free
The ideas from "Ten Types of Innovation: The Discipline of Building Breakthroughs" can be implemented in real-world scenarios by first understanding the ten types of innovation and then applying them to your business model. For instance, you can innovate in the way you structure your business, the processes you use, the product performance, the product system, the service, the channel, the brand, and the customer engagement. A real-world example is Mint.com, which transformed the experience of managing one's own money by making it possible to see the full picture of one's financial status in one place. They innovated in customer engagement by automatically updating information based on recent transactions, automatically tagging and categorizing purchases, and suggesting ways to save or budget.
Question was asked on:
Few would claim to enjoy personal financial management and budgeting. Mint.com understood this deeply and transformed the experience of managing one's own money. For many, checking up on one's spending, savings, or investments is no longer a begrudged responsibility but instead a calming exercise. By making it possible to see the full picture of one's financial status in one place, Mint.com substantially simplified the challenge of keeping tabs on personal finances. Examples of how Mint.com engages users in new ways with their finances include automatically update information based on recent transactions, automatically tag and categorize purchases, and suggestions for ways to save or budget.
Asked on the following book summary:
Stop wasting your time on brainstorming sessions that only improve upon existing offerings marginally. Based on exhaustive case studies and research o...
Download and customize hundreds of business templates for free