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Which of the following is NOT one of the four types of innovation?

a) Radical Innovation
b) Architectural Innovation
c) Incremental Innovation
d) Transformative Innovation

User Brennan
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Final answer:

Transformative innovation is not one of the four types of innovation. The four types of innovation are: product innovation, process innovation, service innovation, and business model innovation.

Step-by-step explanation:

The correct answer is d) Transformative Innovation.

Transformative innovation is not one of the four types of innovation. The four types of innovation are:

  1. Product Innovation: This involves creating or improving products to meet customer needs or preferences. Examples include the development of new features for smartphones or the creation of a new type of electric vehicle.
  2. Process Innovation: This refers to improving the methods or procedures used to produce goods or services. For example, implementing a more efficient manufacturing process or using automation to streamline operations.
  3. Service Innovation: This involves creating new or improved services to better serve customers. Examples include introducing a new delivery service or implementing a customer support chatbot.
  4. Business Model Innovation: This refers to making significant changes to the way a business operates, such as adopting a subscription-based model or transitioning to an online-only sales strategy.

Transformative innovation, on the other hand, refers to innovations that have a significant and far-reaching impact on society or industries, often disrupting existing practices or creating entirely new markets.

User Ashmah
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