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There are different types of innovation, including: #flashcard There are different types of innovation, including: #flashcard
- Radical innovation: involves creating something entirely new that disrupts existing markets or creates new ones. - Radical innovation: involves creating something entirely new that disrupts existing markets or creates new ones.
- Incremental innovation: involves making small improvements to existing products or processes.
- Disruptive innovation: involves creating a new product or service that initially serves a niche market but eventually disrupts the existing market. - Disruptive innovation: involves creating a new product or service that initially serves a niche market but eventually disrupts the existing market.
- Incremental innovation: involves making small improvements to existing products or processes.
- Sustaining innovation: involves making improvements to existing products or processes that help maintain a company's competitive position. - Sustaining innovation: involves making improvements to existing products or processes that help maintain a company's competitive position.
- ### Models of Innovation - ### Models of Innovation
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