Question

In: Finance

Give an example of radical innovation, and compare it to incremental innovation (how do you know...

Give an example of radical innovation, and compare it to incremental innovation (how do you know this is radical innovation?). Be original

Solutions

Expert Solution

Innovation can be of two types: radical innovation and incremental innovation.

Radical innovatio is the type of innovation which destroys the existing business model and replaces it with new model. It totally changes the existing system with totally new model. Example of radical change is from letter system of commuincation to e-mail system of today

Whereas, incremental innovation, is the result of series of small innovations made to company's existing product, process or method. This type of innovation makes the existing product more efficient and effective to meet up the competetive market. Example of incremental innovation is the changes in the serivces of e-mail system, to make more useful of people.

Therefore, when the change fully changes the existing system it is known as radical change, whereas, when the change doesn't fully destroy the existing system is known as incremental innovation, as it is incremental in nature.


Related Solutions

What is the difference between incremental innovation and radical innovation? Offer one example of a radical...
What is the difference between incremental innovation and radical innovation? Offer one example of a radical innovation. Explain why your specific example illustrates radical innovation.
Marketing question " Big Problems in Marketing Industry " Balancing incremental and radical innovation A. How...
Marketing question " Big Problems in Marketing Industry " Balancing incremental and radical innovation A. How do I successfully incorporate design principles into my organization? B. How should we think about creating “platform” products?
Please explain about radical / incremental/ architectural/ component innovation of Nintendo.
Please explain about radical / incremental/ architectural/ component innovation of Nintendo.
What is Tesla's innovation strategy? Does it rely on incremental or radical innovations? Dis­ruptive or architectural?...
What is Tesla's innovation strategy? Does it rely on incremental or radical innovations? Dis­ruptive or architectural? What are the competitive implications of the firm’s innovation strategies?
Give me an example of a disruptive innovation and discuss how the innovation disrupted the market.
  Give me an example of a disruptive innovation and discuss how the innovation disrupted the market.
Why is this an example of spurious correlation? How do you know? Do not use the...
Why is this an example of spurious correlation? How do you know? Do not use the same example given from another student. Make sure you read your classmates’ posts before submitting your example. My example... Number of tigers or elephants in the zoo increases with increasing number of libraries/adult day care center in the city. Can you help me choose which variables are better - Elephants & adult day care, Elephants & libraries. Tiger & Adult day care or Tigers...
what do you need to know about supervising UCP's ? Give an example of something you...
what do you need to know about supervising UCP's ? Give an example of something you would need to supervise a UCP for and explain what the CNO expects from you as the nurse doing the supervising for that example ?
Compare and contrast Lamarckian and Darwinian theories of evolution. Give an example of each. Do not...
Compare and contrast Lamarckian and Darwinian theories of evolution. Give an example of each. Do not use any examples addressing: giraffes, elephants, birds or humans. Be detailed in your answer(s).
Define Incremental Analysis in the evaluation of ROR, and give an example (other than the examples...
Define Incremental Analysis in the evaluation of ROR, and give an example (other than the examples in the slides or the
what do capitalized and expensed mean? How do you determine which to use? give an example...
what do capitalized and expensed mean? How do you determine which to use? give an example of each. "Capitalized" & "Expensed"
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT