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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2755 |
Essay's paper body
An incremental innovation takes on average 6 months to 2 years. Radical innovation also involves open-ended experimentation and time-consuming mistakes. I believe that the organisation’s market position has to be taken into account when choosing radical or incremental innovation. If a company has just been formed and has few resources then they could not maintain a radical innovation for 10 years...
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If a company has just been formed and has few resources then they could not maintain a radical innovation for 10 years. Radical innovation should only be attempted by a large organisation that has the finances, raw materials and staff at their disposal. Otherwise, for a company whose future is not secure, it is a great risk to use most of their resources on something that will only show rewards in 10 years time...
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