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Closed Innovation : Relies on internal resources and capabilities to develop new ideas. While this approach can protect proprietary knowledge, it may limit the diversity of ideas and solutions. RadicalInnovation: Focuses on breakthroughs that fundamentally change industries or create new markets.
Innovation can be incremental, radical, architectural, modular, etc. In incremental innovation, a company improves or upgrades existing product, process, or service. In radicalinnovation, a company replaces its existing business model with an entirely new one.
Innovation can be incremental, radical, architectural, modular, etc. In incremental innovation, a company improves or upgrades existing product, process, or service. In radicalinnovation, a company replaces its existing business model with an entirely new one.
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