GENERAL KNOWLEDGE

Detailed explanation-1: -Incremental innovation is the concept of growing or improving a company by making a series of minor improvements to existing products, services, processes, and tools.

Detailed explanation-2: -Incremental innovations serve to meet expressed / manifested needs, whereas radical innovations serve to meet unspoken / latent demands. The origin, i.e. the distinction between incremental and radical innovations, can be represented by the S-curve concept as it relates to the development of new technologies.

Detailed explanation-3: -The term “incremental innovation” refers to a series of small improvements made to a company’s existing products or services. Generally, these low-cost improvements help further differentiate a company from the competition while building on current offerings.

Detailed explanation-4: -Radical innovation is an invention that destroys or supplants an existing business model. Unlike architectural or incremental innovation, radical innovation blows up the existing system or process and replaces it with something entirely new.