INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ include adding new features to existing products or services or even removing features (value through simplification). Even small updates to user experience.
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Incremental innovation
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Disruptive innovation
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Architectural innovation
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Radical innovation
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Explanation:
Detailed explanation-1: -Incremental innovation involves making small scale improvements to add or sustain value to existing products, services and processes. This can be simple as adding a new feature to an existing product or it can be more complex, for example developing a line extension.
Detailed explanation-2: -Utilizing or enhancing current core competencies and capabilities. Modest technological changes from existing platforms, products, or services. Responding to customer needs identified from current offers. A more predictable path or process, particularly with respect to costs. More items
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