✅ Related keywords: disruptive innovation, blue ocean strategy
A type of innovation that produces highly differentiated, system-altering creations. Radical innovation changes the components that make up a product, service or business model and how they interact with each other. A common example of a radical innovation is Netflix and their video streaming capabilities that put the entire movie rental market out of business. The blue ocean strategy template can help to find opportunities for radical innovation.
More innovation terms explained.
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