: Smith distinguishes invention (creating something new) from innovation (exploiting inventions to create value in a marketplace). Theories of Change : Covers concepts like the Technology S-curve , disruptive technology, and Kondratiev's long wave theory. Part 2: Managing the Process Sources of Innovation
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would present a chart comparing "Incremental" vs. "Disruptive" vs. "Architectural" innovation, arguing that 80% of ROI comes from architectural changes—recombining existing parts in new ways. and corporate R&D leaders