🔍 Topic: Types of Innovation
This topic categorizes innovation based on its nature, impact, and the kind of change it introduces. The main types typically include:
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Technological Innovation – Involving advancements in technology (e.g., better messaging apps, AI in communication).
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Product Innovation – Changes or improvements in the product itself.
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Process Innovation – Improvements in how products or services are delivered.
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Incremental Innovation – Small improvements over time.
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Radical Innovation – Major breakthroughs that redefine industries.
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Breakthrough Innovation – Significant innovations that offer a substantial leap in performance.
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Ordinary Innovation – Routine improvements with minimal technical change.