Incremental Innovation - MIT ID Innovation

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What is Incremental Innovation and Why is it
Important MITID Innovation
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Innovation and creativity are the go-to tools to
ensure the maximum growth of an organization.
Creativity gives us ideas and innovation helps us
to present the ideas correctly. Through divergent
thought ( creativity ), we get new and unique
ideas, and through convergent thought, we focus
these ideas as per the guidelines and objectives
set by the companies. Just as there are different
types of creativity, there are different types of
innovation.
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The Different Types of Innovation
Sustaining innovation -Improvements are made to
an existing product to help it sustain itself in
the market. Disruptive innovation - A new
business model that can disrupt the
market. Incremental innovation - Gradual and
continuous improvements in existing products and
services. Radical - New and unique models that
can create a new market.
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Definition of Incremental Innovation
As stated above, incremental innovation is the
process of gradual and continuous improvements in
already established products, services, and
concepts. These improvements are made as per the
feedback and suggestions given by the users of
the pre-existing model.
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Unlike the other three innovations, especially
radical, incremental innovation does not create
big waves in the market, nor does it create a new
niche for itself. But what it does is improve
customer feedback. For example, a customer is in
love with a new model of a phone but says that it
is not stylish. So companies make newer models
with the same base abilities as the phone, but
its more stylish than the previous one.
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Importance of Incremental Innovation
Incremental innovation depends on the scale.
Small scale industries are more profited by
radical innovations, and large scale industries
need to focus on incremental innovations. Incremen
tal innovations dont show sudden growth.
Hundreds to thousands of incremental changes can
be made before finding the appropriate one.
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But the combined effect of all these changes
leads to steady growth in development. It could
start with a 0.5 growth in a week and can
increase to 10 in a year. As the years go by,
the percentage increases.
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Examples of Incremental Innovation
Service and product improvements - These
improvements are mainly based on feedback and
suggestions from customers. Companies look at
these complaints and change the products to get
better appreciation. A large number of complaints
can be divided into general categories, and hence
a newer one can be eventually built with
improvements.
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Process automation - Both internal and external
are automated to save time and money. Minimizing
waste - Waste management is an important part of
any business. Incremental innovation can reduce
wastage as no new models are built, but the
preexisting ones are improved. Process
improvements - The business sector slowly
improves with each innovation.
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Enrolling in MIT ID Innovation is the best way to
learn everything about creativity and innovation.
Every type of innovation is thought of in detail
and can help you reach new heights. There are
many courses related to creativity and innovation
that you can apply to. The duration of these
courses ranges from 3 weeks to 36 weeks and are
available at affordable prices. For a beautiful
tomorrow, these courses help a lot to practice
and preserve.
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Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Courses in Innovation and Design
Thinking.
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from you.

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