Incremental Innovation is the process of gradual and continuous improvements in already established products, services, and concepts. To know more details, visit us at : https://mitidinnovation.com/recreation/what-is-incremental-innovation-and-why-is-it-important/

1. What is Incremental
Innovation and Why is it
Important
MITID Innovation

2. Innovation and creativity are the go-to
tools to ensure the maximum growth of an
organization. Creativity gives us ideas and
innovation helps us to present the ideas
correctly. Through divergent thought (
creativity ), we get new and unique ideas,
and through convergent thought, we focus
these ideas as per the guidelines and
objectives set by the companies. Just as
there are different types of creativity, there
are different types of innovation.

3. Sustaining innovation -Improvements
are made to an existing product to help it
sustain itself in the market.
Disruptive innovation - A new business
model that can disrupt the market.
Incremental innovation - Gradual and
continuous improvements in existing
products and services.
Radical - New and unique models that can
create a new market.
The Different Types of Innovation

4. As stated above, incremental innovation is
the process of gradual and continuous
improvements in already established
products, services, and concepts. These
improvements are made as per the
feedback and suggestions given by the
users of the pre-existing model.
Definition of Incremental Innovation

5. Unlike the other three innovations,
especially radical, incremental innovation
does not create big waves in the market,
nor does it create a new niche for itself. But
what it does is improve customer feedback.
For example, a customer is in love with a
new model of a phone but says that it is not
stylish. So companies make newer models
with the same base abilities as the phone,
but it’s more stylish than the previous one.

6. Incremental innovation depends on the
scale. Small scale industries are more
profited by radical innovations, and large
scale industries need to focus on
incremental innovations. Incremental
innovations don’t show sudden growth.
Hundreds to thousands of incremental
changes can be made before finding the
appropriate one.
Importance of Incremental
Innovation

7. But the combined effect of all these
changes leads to steady growth in
development. It could start with a 0.5%
growth in a week and can increase to
10% in a year. As the years go by, the
percentage increases.

8. Service and product improvements -
These improvements are mainly based on
feedback and suggestions from customers.
Companies look at these complaints and
change the products to get better
appreciation. A large number of complaints
can be divided into general categories, and
hence a newer one can be eventually built
with improvements.
Examples of Incremental Innovation

9. Process automation - Both internal and
external are automated to save time and
money.
Minimizing waste - Waste management is
an important part of any business.
Incremental innovation can reduce wastage
as no new models are built, but the
preexisting ones are improved.
Process improvements - The business
sector slowly improves with each innovation.

10. Enrolling in MIT ID Innovation is the best
way to learn everything about creativity
and innovation. Every type of innovation is
thought of in detail and can help you reach
new heights. There are many courses
related to creativity and innovation that you
can apply to. The duration of these courses
ranges from 3 weeks to 36 weeks and are
available at affordable prices. For a
beautiful tomorrow, these courses help a
lot to practice and preserve.

11. MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
the future of industries, communities,
cities and ecosystems. MIT ID Innovation
offers the best Courses in Innovation
and Design Thinking.
Conclusion

12. We’d love to
hear
from you.
MIT INSTITUTE OF DESIGN
Rajbaug,, Loni-Kalbhor, Pune-412201
innovation@mitid.edu.in
+91-7038982225 / +91 9834092369