Transformational Innovation: Redefining Markets and Business Models PPT

This PPT slide, part of the 35-slide Innovation-Ambition Matrix PowerPoint presentation, presents a focused overview of "Transformational Innovation," a concept within the Innovation-Ambition Matrix. It emphasizes the disruptive nature of this type of innovation, which aims to fundamentally alter consumer behavior and market dynamics. The text highlights that such innovation is characterized by high risk and high reward, necessitating substantial investments in research, technology, and experimentation.

Key details outline that transformational innovation is often driven by breakthrough technologies or radical shifts in business models and consumer behavior. This approach allows companies to emerge as leaders or pioneers in entirely new industries. The process involves significant trial and error, iterative development, and a willingness to embrace high uncertainty, which can lead to radical thinking and disruptive strategies.

The slide also notes that achieving mainstream success typically requires years of research, iteration, and adoption. This indicates a long-term commitment to innovation rather than quick wins.

An example is provided, illustrating Uber's impact on the taxi industry. Before Uber, the market was characterized by regulated pricing and limited consumer control. Uber's introduction of on-demand ride-sharing via mobile apps not only created a new market, but also reshaped the entire industry. Customers benefited from enhanced convenience and affordability, while drivers found flexible employment opportunities. This example underscores the transformative potential of innovation that goes beyond merely extending existing business models.

Overall, the slide conveys that transformational innovation is not just an extension of current offerings; it represents a fundamental shift that can redefine entire industries.

This slide is part of the Innovation-Ambition Matrix PowerPoint presentation.

Download the Full Presentation

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Innovation Management Consumer Behavior Mobile App Innovation

Are you familiar with Flevy? We are you shortcut to immediate value.

Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations

Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.

Flevy is the world's largest knowledge base of best practices.

Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.

Read Customer Testimonials

"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.

Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I

... [read more]

– Nishi Singh, Strategist and MD at NSP Consultants

"I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."

– Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory

"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for

... [read more]

– Jim Schoen, Principal at FRC Group

"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."

– Michael Evans, Managing Director at Newport LLC

"As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value."

– David Coloma, Consulting Area Manager at Cynertia Consulting

"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.

Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten.

In today's environment where there are so

... [read more]

– Omar Hernán Montes Parra, CEO at Quantum SFE

"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."

– David Harris, Managing Director at Futures Strategy

"I am extremely grateful for the proactiveness and eagerness to help and I would gladly recommend the Flevy team if you are looking for data and toolkits to help you work through business solutions."

– Trevor Booth, Partner, Fast Forward Consulting