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generally, as the level of innovation declines, the level of innovation increases. product; process process; incremental process; product product; radical

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Generally, as the level of product innovation declines, the level of process innovation increases.

What is the level of innovation?

You can pursue invention on three progressively more advanced stages. The adventure you travel will be either simple or complicated, depending on the level you select. Unfortunately, far too many businesses aim for the highest levels of innovation while, at most, offering the tactics, resources, and assistance necessary for mediocre performance. The following three levels:

  • Initial Incremental Innovation This entails making little but significant adjustments to your business's operations, goods, and services.
  • Breakthrough Invention. This is an important shift in the way you do business that offers customers something distinctly different (beyond "new and improved"). For a period, a significant competitive advantage is produced by breakthrough invention, but the window of opportunity for anybody to hold onto such a benefit is getting smaller and smaller.
  • Innovation that transforms. Usually (though not always), this involves the development of a new technology that upends the way we live and work while also spawning a brand-new sector of the economy. Frequently, this type of innovation destroys or, at the very least, completely alters current industries.

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generally, as the level of innovation declines, the level of innovation increases. product; process process; incremental process; product product; radical

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