Differentiate between incremental and breakthrough innovation and assess the risks associated with each approach.
Expert Answer
The difference between incremental and breakthrough innovation depends on the impact it has on the existing landscape. The higher and more powerful the impact which brings in disruption and significantly alters the landscape, it is termed as breakthrough. On the other hand, if there is small incremental improvement in existing process, it is called as incremental.
An example for breakthrough is the Digital Camera which led to to the sudden stop in the film cameras. Another example is the mobile which put the pagers
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