Radical innovations are more likely to lead to substantial improvements in a firm's performance than are incremental innovations.

Question

Quizplus · Accepted Answer

Radical innovations involve significant changes to a firm's products, processes, or business models, which can lead to breakthroughs in performance and competitive advantage. Incremental innovations, on the other hand, involve making small improvements to existing products or processes, which may not have as significant an impact on performance. Therefore, radical innovations are more likely to lead to substantial improvements in a firm's performance.

Radical Innovations Are More Likely to Lead to Substantial Improvements