Final answer:
Evolutionary innovations enhance and refine existing industries, while revolutionary innovations completely transform and disrupt industries.
Step-by-step explanation:
Evoluntionary innovations and revolutionary innovations have different impacts on industries. An evolutionary innovation is a gradual improvement or modification of existing products, services, or processes. It does not completely disrupt or create new industries. Instead, it enhances and refines the existing industry. For example, the evolution of smartphones from basic cell phones is an evolutionary innovation. It improved the features and capabilities of cell phones without fundamentally changing the industry.
On the other hand, revolutionary innovations are disruptive technologies that can have a major impact on the operation of an entire industry and may create new industries or markets. They completely transform the industry and can render existing products or services obsolete. For example, the advent of online streaming platforms like Netflix revolutionized the movie rental industry and significantly disrupted traditional video rental stores.