Know about Radical Innovation Examples

Know about Radical Innovation Examples

Radical innovation leads to significant change and replacement of existing business models, while disruptive innovation is focused on long-term impacts by forming new ideas. Examples of radical innovation include blockchain technology destroying the business model of multiple industries and Netflix replacing the traditional mail-order DVD and home entertainment industry. Apple shifted from incremental innovation on the iPod to the "iPhone" resulting in radical innovation. Developing an innovative mindset requires embracing uncertainty and actionable strategies to create a culture that supports radical innovation.

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More Innovation Resources:

Freedom to Fail, Freedom to Innovate

Innovation requires high tolerance for failure. Academic research suggests policies that incentivize employees to take risks and limit negative consequences of failure leads to increased commitment.

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Top-down or bottom-up – How do you start building an innovative culture?

Transforming company culture can be a challenge for innovation leaders, who can approach it from a top-down or bottom-up perspective. Both methods have their own merits and challenges but using both can help to create a culture of innovation.

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What Went Wrong With CNN +? The Importance of Validating an MVP | Corporate Lab

CNN's streaming service, CNN+, closed down only one month after launch with over $300 million invested due to poor market validation and coordination issues.

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