ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

TYPES OF INNOVATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
which one is incremental innovation?
A
new and different from existing product
B
little improvement from exisiting product
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Incremental innovation is the process of making small, gradual improvements to an existing product, service, or process. These changes can be anything from minor tweaks to the design or functionality of a product to new features that make it more user-friendly.

Detailed explanation-2: -Incremental innovation is a series of small improvements or upgrades made to a company’s existing products, services, processes or methods. The changes implemented through incremental innovation are usually focused on improving an existing product’s development efficiency, productivity and competitive differentiation.

Detailed explanation-3: -Incremental innovation Incremental innovation, also known as continuous improvement, consists of improving a product or service in its market.

Detailed explanation-4: -An incremental product results from the development and improvement of an existing one by making minor upgrades while it’s on the market. The process is known as Incremental Innovation. It doesn’t involve taking significant leaps in technology or substantially impacting the market.

There is 1 question to complete.