{"id":2650,"date":"2020-10-15T19:53:00","date_gmt":"2020-10-15T17:53:00","guid":{"rendered":"https:\/\/bicon.li\/?p=2650"},"modified":"2026-05-15T08:07:35","modified_gmt":"2026-05-15T06:07:35","slug":"innovation","status":"publish","type":"post","link":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/","title":{"rendered":"So, What Really Is Innovation?"},"content":{"rendered":"

Alongside digitization, innovation is probably one of the most frequently used buzzwords in business jargon in recent years. But what actually constitutes an innovation?<\/p>\n\n\n\n

It is helpful to distinguish between an innovation and an invention in the true sense of the term. An invention without direct economic application or benefit remains merely an invention.<\/p>\n\n\n\n

A successful market introduction, on the other hand, constitutes an innovation. However, innovations are not limited to commercializing technical inventions \u2013 they include any successful market novelty that creates value.<\/p><\/blockquote>\n\n\n\n

Two Examples<\/strong><\/strong><\/h3>\n\n\n\n

The invention of the transistor in 1947 was probably one of the most important inventions of the last century. Among other things, it laid the foundation for the computer and ultimately for what we now call digitalization. At the time, however, the invention was initially dismissed, and no practical use was seen. Even the inventors expected only niche applications, for example in the military sector. The first real innovation based on this invention was the portable transistor radio. Radios already existed, but they were tube-based and stationary. The transistor enabled mobility and allowed Texas Instruments to successfully launch a new product category on the market.<\/p>\n\n\n\n

In my view, one of the most important innovations in banking over the last 25 years is the exchange-traded index fund (ETF). Today, ETFs are among the most popular investment vehicles for both individual and institutional investors.\nIn this case, the innovation was not driven by a fundamentally new technology. Instead, it resulted from a user-oriented idea that cleverly combined existing building blocks such as passive investment mandates and electronic exchanges, ultimately enabling a massive market breakthrough.<\/p>\n\n\n\n

This second example illustrates that innovations do not necessarily require a preceding invention. More often, innovation results from the creative combination of existing elements to address a market need.<\/p>\n\n\n\n

Three types of Innovations<\/strong><\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

One way to classify innovations is into market innovations, functional innovations, and process innovations.<\/p>\n\n\n\n

Market innovations describe new ways of bringing supply and demand together, or new ways of reaching the customer. Amazon in its early years is a good example. The company fundamentally redesigned the market for books without introducing a new product.<\/p>\n\n\n\n

Functional innovations address needs through new technical capabilities. Examples include the transistor radio mentioned above or the smartphone, which was not a completely new invention but rather a user-friendly evolution of the mobile phone into a pocket computer with internet access, camera and GPS functionality.\nApple\u2019s two-finger zoom gesture was a seemingly simple but essential component of this innovation. The iPhone was not the first phone to include these features, but it was the first to combine them in a highly intuitive product, paving the way for the mobile Internet.<\/p>\n\n\n\n

However, this alone was not enough to fundamentally change the world. It required an additional market innovation in the form of the App Store, where developers could offer software programs tailored to the smartphone, from then on known as apps.<\/p>\n\n\n\n

Finally, there are process innovations, which aim to produce goods and services more efficiently, faster, cheaper, or more individually through technology. Examples include the digitization of work processes as well as industrial 3D printing.<\/p>\n\n\n\n

Organizations that succeed in creatively combining market, functional, and process innovations significantly increase their chances of achieving lasting success in the market.<\/p><\/blockquote>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

Alongside digitization, innovation is probably one of the most frequently ... <\/p>\n

Read Article<\/a><\/p>","protected":false},"author":1,"featured_media":2657,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_uag_custom_page_level_css":"","ub_ctt_via":"","advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","generate_page_header":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14,23,40,16],"tags":[37,31,30,58,71],"class_list":["post-2650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clientmanagement","category-innovation","category-processmanagement","category-strategy","tag-ausgewaehlter-beitrag","tag-english","tag-german","tag-innovation-management-series","tag-wirtschaft-regional-kolumne","infinite-scroll-item","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"featured_image_src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","author_info":{"display_name":"Volkmar Ritter","author_link":"https:\/\/bicon.li\/en\/author\/wm\/"},"yoast_head":"\nAlles Innovation oder was? | BICon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alles Innovation oder was? | BICon\" \/>\n<meta property=\"og:description\" content=\"Neben der Digitalisierung ist Innovation wohl eines der meist benutzten ... Artikel lesen\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/\" \/>\n<meta property=\"og:site_name\" content=\"BICon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BIConConsulting\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/volkmar.ritter\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-15T17:53:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-15T06:07:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Volkmar Ritter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@volkmarritter\" \/>\n<meta name=\"twitter:site\" content=\"@BIConConsulting\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Volkmar Ritter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/\"},\"author\":{\"name\":\"Volkmar Ritter\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#\\\/schema\\\/person\\\/f87d7a4f4803d1bfc49d3214d82e2b20\"},\"headline\":\"Alles Innovation oder was?\",\"datePublished\":\"2020-10-15T17:53:00+00:00\",\"dateModified\":\"2026-05-15T06:07:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/\"},\"wordCount\":566,\"publisher\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/bicon.li\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/innovation.jpg?fit=1200%2C800&ssl=1\",\"keywords\":[\"Ausgew\u00e4hlter Beitrag\",\"English\",\"German\",\"Innovation Management Series\",\"Wirtschaft Regional Kolumne\"],\"articleSection\":[\"Client Management\",\"Innovation\",\"Prozess Management\",\"Strategie & Zukunft\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/\",\"url\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/\",\"name\":\"Alles Innovation oder was? | BICon\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/bicon.li\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/innovation.jpg?fit=1200%2C800&ssl=1\",\"datePublished\":\"2020-10-15T17:53:00+00:00\",\"dateModified\":\"2026-05-15T06:07:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/bicon.li\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/innovation.jpg?fit=1200%2C800&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/bicon.li\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/innovation.jpg?fit=1200%2C800&ssl=1\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/2020\\\/10\\\/15\\\/innovation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/bicon.li\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alles Innovation oder was?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/bicon.li\\\/en\\\/\",\"name\":\"BICon\",\"description\":\"Business & IT Consulting for the Financial Industry\",\"publisher\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/bicon.li\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#organization\",\"name\":\"BICon\",\"url\":\"https:\\\/\\\/bicon.li\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/bicon.li\\\/wp-content\\\/uploads\\\/2015\\\/08\\\/logo.png?fit=600%2C106&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/bicon.li\\\/wp-content\\\/uploads\\\/2015\\\/08\\\/logo.png?fit=600%2C106&ssl=1\",\"width\":600,\"height\":106,\"caption\":\"BICon\"},\"image\":{\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/BIConConsulting\\\/\",\"https:\\\/\\\/x.com\\\/BIConConsulting\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/7082461\\\/admin\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bicon.li\\\/en\\\/#\\\/schema\\\/person\\\/f87d7a4f4803d1bfc49d3214d82e2b20\",\"name\":\"Volkmar Ritter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/bicon.li\\\/wp-content\\\/litespeed\\\/avatar\\\/d2146d0239f250deff091ba5ec974d50.jpg?ver=1781256789\",\"url\":\"https:\\\/\\\/bicon.li\\\/wp-content\\\/litespeed\\\/avatar\\\/d2146d0239f250deff091ba5ec974d50.jpg?ver=1781256789\",\"contentUrl\":\"https:\\\/\\\/bicon.li\\\/wp-content\\\/litespeed\\\/avatar\\\/d2146d0239f250deff091ba5ec974d50.jpg?ver=1781256789\",\"caption\":\"Volkmar Ritter\"},\"sameAs\":[\"http:\\\/\\\/www.bicon.li\",\"https:\\\/\\\/www.facebook.com\\\/volkmar.ritter\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/volkmarritter\\\/\",\"https:\\\/\\\/x.com\\\/volkmarritter\"],\"url\":\"https:\\\/\\\/bicon.li\\\/en\\\/author\\\/wm\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Alles Innovation oder was? | BICon","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/","og_locale":"en_GB","og_type":"article","og_title":"Alles Innovation oder was? | BICon","og_description":"Neben der Digitalisierung ist Innovation wohl eines der meist benutzten ... Artikel lesen","og_url":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/","og_site_name":"BICon","article_publisher":"https:\/\/www.facebook.com\/BIConConsulting\/","article_author":"https:\/\/www.facebook.com\/volkmar.ritter","article_published_time":"2020-10-15T17:53:00+00:00","article_modified_time":"2026-05-15T06:07:35+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","type":"image\/jpeg"}],"author":"Volkmar Ritter","twitter_card":"summary_large_image","twitter_creator":"@volkmarritter","twitter_site":"@BIConConsulting","twitter_misc":{"Written by":"Volkmar Ritter","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#article","isPartOf":{"@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/"},"author":{"name":"Volkmar Ritter","@id":"https:\/\/bicon.li\/en\/#\/schema\/person\/f87d7a4f4803d1bfc49d3214d82e2b20"},"headline":"Alles Innovation oder was?","datePublished":"2020-10-15T17:53:00+00:00","dateModified":"2026-05-15T06:07:35+00:00","mainEntityOfPage":{"@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/"},"wordCount":566,"publisher":{"@id":"https:\/\/bicon.li\/en\/#organization"},"image":{"@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","keywords":["Ausgew\u00e4hlter Beitrag","English","German","Innovation Management Series","Wirtschaft Regional Kolumne"],"articleSection":["Client Management","Innovation","Prozess Management","Strategie & Zukunft"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/","url":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/","name":"Alles Innovation oder was? | BICon","isPartOf":{"@id":"https:\/\/bicon.li\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#primaryimage"},"image":{"@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","datePublished":"2020-10-15T17:53:00+00:00","dateModified":"2026-05-15T06:07:35+00:00","breadcrumb":{"@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#primaryimage","url":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","contentUrl":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/bicon.li\/en\/2020\/10\/15\/innovation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bicon.li\/en\/"},{"@type":"ListItem","position":2,"name":"Alles Innovation oder was?"}]},{"@type":"WebSite","@id":"https:\/\/bicon.li\/en\/#website","url":"https:\/\/bicon.li\/en\/","name":"BICon","description":"Business & IT Consulting for the Financial Industry","publisher":{"@id":"https:\/\/bicon.li\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bicon.li\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/bicon.li\/en\/#organization","name":"BICon","url":"https:\/\/bicon.li\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bicon.li\/en\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/logo.png?fit=600%2C106&ssl=1","contentUrl":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2015\/08\/logo.png?fit=600%2C106&ssl=1","width":600,"height":106,"caption":"BICon"},"image":{"@id":"https:\/\/bicon.li\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/BIConConsulting\/","https:\/\/x.com\/BIConConsulting","https:\/\/www.linkedin.com\/company\/7082461\/admin\/"]},{"@type":"Person","@id":"https:\/\/bicon.li\/en\/#\/schema\/person\/f87d7a4f4803d1bfc49d3214d82e2b20","name":"Volkmar Ritter","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bicon.li\/wp-content\/litespeed\/avatar\/d2146d0239f250deff091ba5ec974d50.jpg?ver=1781256789","url":"https:\/\/bicon.li\/wp-content\/litespeed\/avatar\/d2146d0239f250deff091ba5ec974d50.jpg?ver=1781256789","contentUrl":"https:\/\/bicon.li\/wp-content\/litespeed\/avatar\/d2146d0239f250deff091ba5ec974d50.jpg?ver=1781256789","caption":"Volkmar Ritter"},"sameAs":["http:\/\/www.bicon.li","https:\/\/www.facebook.com\/volkmar.ritter","https:\/\/www.linkedin.com\/in\/volkmarritter\/","https:\/\/x.com\/volkmarritter"],"url":"https:\/\/bicon.li\/en\/author\/wm\/"}]}},"author_meta":{"display_name":"Volkmar Ritter","author_link":"https:\/\/bicon.li\/en\/author\/wm\/"},"featured_img":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=600%2C400&ssl=1","jetpack_featured_media_url":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1","uagb_featured_image_src":{"full":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1",1200,800,false],"thumbnail":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=600%2C400&ssl=1",600,400,true],"medium_large":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=768%2C512&ssl=1",768,512,true],"large":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1024%2C683&ssl=1",1024,683,true],"1536x1536":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1",1200,800,true],"2048x2048":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=1200%2C800&ssl=1",1200,800,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2020\/10\/innovation.jpg?fit=18%2C12&ssl=1",18,12,true]},"uagb_author_info":{"display_name":"Volkmar Ritter","author_link":"https:\/\/bicon.li\/en\/author\/wm\/"},"uagb_comment_info":0,"uagb_excerpt":"Neben der Digitalisierung ist Innovation wohl eines der meist benutzten ... Artikel lesen","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/bicon.li\/en\/category\/clientmanagement\/\" class=\"advgb-post-tax-term\">Client Management<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/innovation\/\" class=\"advgb-post-tax-term\">Innovation<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/processmanagement\/\" class=\"advgb-post-tax-term\">Prozess Management<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">Strategie & Zukunft<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Client Management<\/span>","<span class=\"advgb-post-tax-term\">Innovation<\/span>","<span class=\"advgb-post-tax-term\">Prozess Management<\/span>","<span class=\"advgb-post-tax-term\">Strategie & Zukunft<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">Ausgew\u00e4hlter Beitrag<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">English<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">German<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">Innovation Management Series<\/a>","<a href=\"https:\/\/bicon.li\/en\/category\/strategy\/\" class=\"advgb-post-tax-term\">Wirtschaft Regional Kolumne<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Ausgew\u00e4hlter Beitrag<\/span>","<span class=\"advgb-post-tax-term\">English<\/span>","<span class=\"advgb-post-tax-term\">German<\/span>","<span class=\"advgb-post-tax-term\">Innovation Management Series<\/span>","<span class=\"advgb-post-tax-term\">Wirtschaft Regional Kolumne<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 6 years ago","modified":"Updated 4 weeks ago"},"absolute_dates":{"created":"Posted on 2020-10-15","modified":"Updated on 2026-05-15"},"absolute_dates_time":{"created":"Posted on 2020-10-15 19:53","modified":"Updated on 2026-05-15 8:07"},"featured_img_caption":"","series_order":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9UXv9-GK","jetpack-related-posts":[{"id":8176,"url":"https:\/\/bicon.li\/en\/2026\/03\/11\/innovation-beyond-rd-why-many-innovations-dont-start-in-laboratories\/","url_meta":{"origin":2650,"position":0},"title":"Innovation Beyond R&D: Why Many Innovations Begin Outside Laboratories","author":"Volkmar Ritter","date":"2026-03-11","format":false,"excerpt":"Innovation is often associated with laboratories, patents and scientific breakthroughs. Yet a growing share of innovation today emerges outside classical research and development activities. A recent study on New Innovation Models in Switzerland, commissioned by the Swiss State Secretariat for Education, Research and Innovation examines how companies innovate across different\u2026","rel":"","context":"In "Digitale Transformation"","block_context":{"text":"Digitale Transformation","link":"https:\/\/bicon.li\/en\/category\/digitaltransformation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2026\/03\/Innovation-vs-invention-in-motion.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2026\/03\/Innovation-vs-invention-in-motion.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2026\/03\/Innovation-vs-invention-in-motion.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2026\/03\/Innovation-vs-invention-in-motion.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2026\/03\/Innovation-vs-invention-in-motion.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6787,"url":"https:\/\/bicon.li\/en\/2024\/11\/21\/generative-ki-und-der-hype-cycle\/","url_meta":{"origin":2650,"position":1},"title":"Generative KI und der Hype Cycle","author":"Volkmar Ritter","date":"2024-11-21","format":false,"excerpt":"Neue Technologien und darauf aufbauende Innovationen folgen oft einem bekannten Muster: Erst werden sie euphorisch gefeiert, dann setzt eine Ern\u00fcchterung ein, und schliesslich beginnt eine Phase praktischer Marktanwendungen. Das beschreibt Amaras Gesetz, das besagt, dass wir die kurzfristigen Auswirkungen neuer Technologien \u00fcbersch\u00e4tzen, die langfristigen jedoch untersch\u00e4tzen. Der Gartner Hype Cycle\u2026","rel":"","context":"In "Artificial Intelligence"","block_context":{"text":"Artificial Intelligence","link":"https:\/\/bicon.li\/en\/category\/artificialintelligence\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/11\/img_9957-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/11\/img_9957-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/11\/img_9957-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/11\/img_9957-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/11\/img_9957-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1705,"url":"https:\/\/bicon.li\/en\/2019\/04\/30\/dozent-zertifikatsstudiengang-blockchain-und-fintech\/","url_meta":{"origin":2650,"position":2},"title":"Dozent Blockchain und FinTech","author":"Volkmar Ritter","date":"2019-04-30","format":false,"excerpt":"Ich freue mich ausserordentlich als Dozent des Moduls Neue Rollen der Finanzintermedi\u00e4re undErschliessung neuer Gesch\u00e4ftsfelder und M\u00e4rkte durch FinTech Innovationen den Zertifikatsstudiengang der\u00a0Universit\u00e4t\u00a0Liechtenstein mitgestaltet haben zu d\u00fcrfen. Mein Ziel war es den Studierenden einen praxisnahen, top-aktuellen und spannenden Beitrag zu liefern. Der Inhalt des Moduls gliederte sich wie folgt: Lektion\u2026","rel":"","context":"In "Blockchain"","block_context":{"text":"Blockchain","link":"https:\/\/bicon.li\/en\/category\/blockchain\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2018\/11\/f42ec319-46ff-46d9-a5e2-0555a5aaeda4-10726-0000082b189d9f07.jpg?fit=650%2C433&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2018\/11\/f42ec319-46ff-46d9-a5e2-0555a5aaeda4-10726-0000082b189d9f07.jpg?fit=650%2C433&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2018\/11\/f42ec319-46ff-46d9-a5e2-0555a5aaeda4-10726-0000082b189d9f07.jpg?fit=650%2C433&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7727,"url":"https:\/\/bicon.li\/en\/2025\/12\/30\/lieberl-in-konkrete-innovationen-investieren\/","url_meta":{"origin":2650,"position":3},"title":"Better to Invest in Real Innovation than in Wishful Thinking","author":"Volkmar Ritter","date":"2025-12-30","format":false,"excerpt":"Wir lieben Visionen: grosse technologische Spr\u00fcnge, neue M\u00e4rkte, neue M\u00f6glichkeiten \u2013 von der Weltraum-\u00d6konomie bis hin zu Longevity. Solche \"Moonshots\", die regelm\u00e4ssig durch die Medien geistern, sind faszinierend und inspirierend \u2013 und sie werden unsere Zukunft in Teilen tats\u00e4chlich pr\u00e4gen. Trotzdem lohnt sich ein n\u00fcchterner Gegenakzent: So attraktiv diese Zukunftsmusik\u2026","rel":"","context":"In "Asset Management"","block_context":{"text":"Asset Management","link":"https:\/\/bicon.li\/en\/category\/assetmanagement\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/03\/35dcf9d3-a1ca-4fd6-9f0e-583fb2db7c02-1-e1768848096293.jpg?fit=1024%2C660&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/03\/35dcf9d3-a1ca-4fd6-9f0e-583fb2db7c02-1-e1768848096293.jpg?fit=1024%2C660&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/03\/35dcf9d3-a1ca-4fd6-9f0e-583fb2db7c02-1-e1768848096293.jpg?fit=1024%2C660&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2025\/03\/35dcf9d3-a1ca-4fd6-9f0e-583fb2db7c02-1-e1768848096293.jpg?fit=1024%2C660&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6761,"url":"https:\/\/bicon.li\/en\/2024\/07\/01\/it-digital-strategie-fuer-finanzdienstleister\/","url_meta":{"origin":2650,"position":4},"title":"IT\/Digital-Strategie f\u00fcr Finanzdienstleister","author":"Volkmar Ritter","date":"2024-07-01","format":false,"excerpt":"Eine IT\/Digital-Strategie ist f\u00fcr einen Finanzdienstleister ist entscheidend, um Wettbewerbsvorteile zu schaffen und sicherzustellen, dass IT-Technologie und Innovationen effektiv zur Unterst\u00fctzung der Gesch\u00e4ftsziele eingesetzt werden. Die IT-Strategie bildet die technologische und organisatorische Grundlage, w\u00e4hrend die Digitalstrategie darauf abzielt, durch digitale Innovationen Wettbewerbsvorteile zu schaffen und das Gesch\u00e4ftsmodell eines Unternehmens zu\u2026","rel":"","context":"In "Digitale Transformation"","block_context":{"text":"Digitale Transformation","link":"https:\/\/bicon.li\/en\/category\/digitaltransformation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/07\/IT-Digital-Strategie.jpeg?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/07\/IT-Digital-Strategie.jpeg?fit=1200%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/07\/IT-Digital-Strategie.jpeg?fit=1200%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/07\/IT-Digital-Strategie.jpeg?fit=1200%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2024\/07\/IT-Digital-Strategie.jpeg?fit=1200%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5396,"url":"https:\/\/bicon.li\/en\/2022\/12\/23\/disruptive-digitale-innovationen-im-banking\/","url_meta":{"origin":2650,"position":5},"title":"Disruptive Digitale Innovationen im Banking","author":"Volkmar Ritter","date":"2022-12-23","format":false,"excerpt":"Digitale Innovationen verfolgen grunds\u00e4tzlich zwei Ziele: Mehr Effizienz und Automatisierung einerseits sowie Markt-, Service- und Produktneuheiten andererseits. Es gibt im Banking viele Beispiele von Innovationen f\u00fcr zus\u00e4tzliche Effizienz. Man denke beispielsweise an Neo-Banken, SEPA Instant Payments, elektronische B\u00f6rsen, Trading Apps oder Robo-Advisors. Alle befassen sich mit klassischen Bankprodukten und -services\u2026","rel":"","context":"In "Artificial Intelligence"","block_context":{"text":"Artificial Intelligence","link":"https:\/\/bicon.li\/en\/category\/artificialintelligence\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/03\/img_2467.jpg?fit=1200%2C711&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/03\/img_2467.jpg?fit=1200%2C711&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/03\/img_2467.jpg?fit=1200%2C711&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/03\/img_2467.jpg?fit=1200%2C711&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bicon.li\/wp-content\/uploads\/2022\/03\/img_2467.jpg?fit=1200%2C711&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"publishpress_future_action":{"enabled":false,"date":"2026-06-20 15:18:32","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/posts\/2650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/comments?post=2650"}],"version-history":[{"count":0,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/posts\/2650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/media\/2657"}],"wp:attachment":[{"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/media?parent=2650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/categories?post=2650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bicon.li\/en\/wp-json\/wp\/v2\/tags?post=2650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}