Most established companies focus on ________ when it comes to innovation.

Question

Quizplus · Accepted Answer

Established companies typically prioritize incremental innovation, which involves making small improvements and adjustments to existing products and services. This approach allows them to maintain their market position and customer base, while also avoiding the risks associated with more radical forms of innovation. Continuous innovation may also be a priority for some companies, as it involves ongoing efforts to improve products and processes. However, everyday innovation, demand innovation, and competitive innovation are less common and may not be as central to an established company's innovation strategy.

Most Established Companies Focus on ________ When It Comes to Innovation