Posted by Nada on 30th September 2011
A recent article in Forbes asked if innovation was purely the domain of the young, saying“youth seems to have advantages in innovation: everything is possible, knowledge is fresh, obligations are few and reputation is not at risk.”Innovation can occur in products – we see this clearly in the field of mobile technology, for example – as well as in processes and services. Depending on the impact of innovation on environmental conditions, it can be classified as breakthrough innovation or incremental innovation .Any environment, business, culture or otherwise will be shaped by innovation that evolves through periods of incremental change, and will be punctuated by innovative breakthroughs that either enhance or destroy the existing competence of firms and the individuals that make them up.Incremental innovation creates changes through cumulative processes until a major advance that creates discontinuity ruptures the beginning point altogether.
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