Incremental Innovation

Incremental innovation refers to small, gradual improvements or upgrades made to existing products, services, processes, or technologies. Rather than introducing completely new ideas or groundbreaking changes (which would be termed radical innovation), incremental innovation focuses on enhancing what already exists, often through modifications that increase efficiency, usability, performance, or customer satisfaction. This type of innovation can involve improving features, refining designs, or optimizing processes to better meet user needs or adapt to changing market conditions. Incremental innovations tend to reduce risks and lower the costs associated with development, allowing organizations to maintain competitiveness and respond to customer feedback effectively. It is a common approach in many industries, promoting continuous improvement and long-term growth by building on existing strengths.