Technology Flashcards
Difference between radical/disruptive and incremental innovation
Radical or disruptive innovation refers to the development of new technologies, products, or services that transform industries, create new markets, or disrupt existing business models. These innovations often replace existing solutions and can lead to major shifts in the way businesses operate or consumers behave.
Incremental innovation refers to small, gradual improvements to existing products, services, or processes. Unlike radical innovation, it doesn’t drastically change the industry or market but rather focuses on making existing solutions better.
Difference between change and innovation
Change is the introduction of a difference,
while innovation is the perception of a specific difference as a phenomenon that is
worthy of greater consideration in the incessant flow of changes