Essay About Types Of Innovation And Radical Innovations

Strategy Case
Artikel samenvatting:
There are several types of innovation; we define
the main types here. We define an innovation as
radical when it destroys existing market, technological,
supply chain, component production,
architectural, etc. competencies of a focal incumbent
firm (and by destroy, we mean it makes those existing
competencies economically significantly less relevant,
putting the incumbent at a disadvantage).
We define an innovation as incremental when it leaves
existing (incumbent) competencies mostly intact (i.e.,
making an incumbent very likely to be able to imitate
it without significant economic cost). And we note a
related concept, that of disruptive technology, as the
Christensen (1997) concept that some technologies
begin as inferior in product and process terms and
then turn out to be superior in both, ultimately being
radical innovations.
We now define the
Bruikbaar voor inleiding ons gedeelte:
define the rival innovation as an innovation that
competes with (or will compete with) the focal firms
(i.e., incumbents) set of products and services.
3 types defensive approaches:
We consider several defensive approaches that
incumbents can take against rival innovations below;
we define three of the major approaches here.
We define disinformation as the use of false information
to create decision-making mistakes in a rival, with the
intention of making their innovation attempts less
likely, more expensive, and less successful.
We define disruption as the use of various means to make rival
actions (in their innovation attempts) less successful,
more expensive, more risky, and more time-consuming.
We define capture as