What is radical innovation?
Radical innovation refers to breakthroughs that significantly change industries or create entirely new markets.
Can you give me some examples of radical innovation?
Sure! Examples include the invention of the internet, smartphones, and electric vehicles.
How does radical innovation differ from incremental innovation?
Radical innovation introduces major changes, while incremental innovation makes small improvements to existing products.
What are the risks associated with pursuing radical innovation?
The risks include high costs, market uncertainty, and the potential for failure, but the rewards can be substantial.
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