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Transformational Innovation
Radical or groundbreaking changes in products, processes, or business models that significantly alter the dynamics of the marketplace or industry.
Incremental Change
Gradual modifications or improvements made over time to processes, products, or systems.
Wheel of Innovation
A conceptual model outlining the cyclical process of innovation, from idea generation through to implementation and market introduction.
Experimenting
The process of carrying out trials or tests to discover, prove, or evaluate the effectiveness or truth of something.
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