What are some examples of incremental innovation?

What are some examples of incremental innovation?

Incremental innovation refers to small, gradual improvements made to existing products or services. For example, smartphone manufacturers often release new models with better cameras or longer battery life.

Can you give me more specific examples?

Sure! One example is the continuous updates to software applications, like adding new features to a popular app. Another is the automotive industry, where companies improve fuel efficiency and safety features in their existing car models.

How does incremental innovation differ from disruptive innovation?

Incremental innovation focuses on making small enhancements to existing products, while disruptive innovation creates entirely new markets or significantly alters existing ones, like how smartphones disrupted traditional mobile phones.

What are the benefits of incremental innovation?

The benefits include lower risk, as improvements are based on existing products, and the ability to respond quickly to customer feedback, leading to enhanced customer satisfaction.