Statements on Incremental and Radical Innovation
CMAT 2025 · Innovation & Entrepreneurship · Easy · Types of Innovation
Given below are two statements:
Statement I: Incremental innovation is concerned with the gradual improvement of existing products, services, processes, competitive positions, and organisational paradigms. Statement II: Radical innovation involves a much higher risk than incremental innovation.
In light of the above statements, choose the most appropriate answer from the options given below:
- A.
Both Statement I and Statement II are correct
- B.
Both Statement I and Statement II are incorrect
- C.
Statement I is true but Statement II is incorrect
- D.
Statement I is false but Statement II is correct
A
Explanation
Both Statement I and Statement II are correct definitions and attributes of incremental vs radical innovation.
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