Sophisticated Innovator: Practical Insights from Provocative Stories in Innovation in Minority Business Enterprises

摘要

This paper tackles the low-degree-of-difficulty innovations first, and works its way up to more difficult forms of innovation, one step at a time. Along the way, it illustrates several forms of innovation with examples from minority business enterprises. The criteria used to differentiate innovations of various degrees of difficulty may surprise you. This paper minimizes reliance on the most common innovation categorizations process innovation, product innovation, service innovation, adjacent market innovation, new ventures, incremental innovation, radical innovation, disruptive innovation, and sustaining innovation.