Question

Are all categories of innovation relevant to all industry verticals? If not, is it a valid classification system?

Answer 1

Yes, All categories of innovation are relevant to all industry verticals. Vertical innovation is an innovation in the quality of goods. It consists in improving the quality of articles with innovations that allow these articles to achieve the highest economic quality. In the growth literature, it is opposed to "horizontal innovation", which refers to product innovation, which means the incorporation of new elements into the economy. "Vertical integration" and "innovation". The term vertical integration describes how business management is managed and is defined by the companies involved in various parts of the production process. Open Innovation is a popular term by Henry Chesbrough, professor and CEO at the Center for Innovation at the University of California, Berkeley. "Open innovation is a model that shows that companies can and should apply external as well as internal and external and external approaches to the market as companies look to improve their technology."

Nottingham Spirk coined the term creative vertical in 2011 to describe the company's own operations in the 1940s. The process is a development strategy to take new ideas for products and services and turn them into something visible over time. Nottingham Spirk serves clients as an innovative, innovative partner and uses a vertical integration model. Hence the strategy for “vertical innovation”.

Vertical innovation is a process for promoting effective problem solving and a corporate culture where all development activities are led by a team of professionals and experienced. This team uses the skills and talents of many people for rapid product development. This process focuses on continuous improvement at all stages of the development program.