Incremental innovation is a set of actions that seek to improve or add more value to a company's existing processes, products, and services, sustaining the business in the long term, and maintaining its relevance in the market. The term “incremental innovation” became popular in 1939, when it was defined as an innovation model in the book  “Business Cycle”, by the Austrian economist and political scientist Joseph Schumpeter. Understand the concept of incremental innovation in a simple and detailed way, and find out the characteristics and differences from other types of innovation. 

In addition to learning about examples of incremental innovation in the market and its benefits in this article. Continue reading. Check out this article: What is incremental innovation? Characteristics [b][url=https://www.bcellphonelist.com/europe-cell-phone-number-list/]europe mobile number list[/url][/b] of incremental innovation Difference between incremental, disruptive, and radical innovation Main benefits Examples of Incremental Innovation How to apply incremental innovation? Conclusion What is incremental innovation? According to author Joseph Schumpeter, incremental innovation is a series of small and constant improvements to products, processes, and services already existing in a company. It may seem like companies are constantly developing and launching new revolutionary products, but the truth is that, increasingly, they are focusing on simpler improvements, with low cost and less risk. 

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Typically, these improvements are small and happen in a specific area of the organization, such as making a production line faster or adding a new feature to a product. Organizations have been applying incremental innovation as a strategy to further differentiate themselves from their competition, keeping their products relevant in the market.