Radical Innovation

Radical innovation refers to groundbreaking changes that fundamentally alter the way we do things or the products we use. Unlike incremental changes that gradually improve existing technologies, radical innovations introduce new concepts or technologies that can create entirely new markets or disrupt established ones. Examples include the invention of the internet, smartphones, and electric vehicles. These innovations often involve high risk and uncertainty but have the potential for significant rewards, reshaping industries and our daily lives. In technological strategy, embracing radical innovation can provide a competitive edge and drive long-term growth.