- Product Innovation - WHAT
- Customers Innovation - WHO
- Process Innovation - HOW
- Channel Innovation - WHERE
These 4 main innovation areas can be mapped to further sub-areas:
The way innovation is managed in some famous companies is then measured against these areas and sub-areas, in the paper Professor Sawhney wrote. He uses an "innovation Radar" for innovation measures.
Just as an illustration of this "Object of innovation" chapter, I would like to comment this quote from Steve Jobs, CEO from Apple:
"Pretty much, Apple and Dell are the only ones in this industry making money. They make it by being Wal-Mart. We make it by innovation." Steve Jobs
Dell innovated and excelled primarily in the "Channels area". "Being Wal-Mart" is also innovation, but not technical innovation as usually understood. By the way, innovation at Apple is also not only technical innovation. Apple stores are also a mix of "Channels" and "Customer experience" innovations.