ENTREPRENEURSHIP

Detailed explanation-1: -What is radical innovation? Radical innovation is a type of innovation that combines the power of technology with a new business model. It is a concept that changes the relationship between customers and suppliers by displacing current products and services or by making new product categories.

Detailed explanation-2: -Radical or disruptive innovation can help an organization break into new markets or create entirely new markets, leading to significant growth opportunities. It can also allow an organization to differentiate itself from competitors and establish a strong market position.

Detailed explanation-3: -Exploratory innovations respond to and affect latent environmental trends through creating new products or services and new markets. It deals with offering innovative designs and creative ways to satisfy customer and market needs.

Detailed explanation-4: -What is radical innovation? Radical innovation is an innovation management concept aimed at destroying current products, services and business models to create new markets and replace existing ones.