Framework

Types of innovation

The question it answers

When planning an innovation, what should a business owner pin down as actually changing: the product, the process, the service, or how the firm creates and captures value?

Origin
Schumpeter, 1947
Diagram type
Hub diagram
Level of analysis
Firm
Rocket lifting off from a glass light bulb, icon for entrepreneurship and innovation

Diagram

Types of innovation

Innovation
Product
Process
Business model
Service

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. Schumpeter, J.A. (1947) ‘The creative response in economic history’, The Journal of Economic History, 7(2), pp. 149–159.doi:10.1017/S0022050700054279Source page