The document discusses radical innovation, highlighting its transformative impact on business models, as exemplified by blockchain technology and Apple's shift from iPod to iPhone. It contrasts radical innovation with disruptive innovation and emphasizes the need for a creative mindset to navigate such changes effectively. The MIT ID Innovation program offers courses to cultivate innovation skills, aiming to prepare future leaders in design and business.

1. Know About Radical
Innovation Examples
MITID Innovation

2. Radical Innovation is the type of
innovation that leads to significant
change and replacement in existing
business models/ideas/services. It is an
irrelevant factor in business norms yet
revolutionary throughout humanity, and
predominantly in modern times, it focuses
on long-term impacts by forming new
ideas.

3. On the other hand, disruptive
innovations are identical to some
degree, with the term ‘significant impact’
being shared on both ends. Here are
some of the top-most Radical Innovation
Examples.

4. Today, the business standard has risen to a
greater extent. Disruptive innovation has
become a normality. We have evolved to
create an innovative mindset. Daniel
Newman on Forbes says, “It’s time to
embrace radical innovation ”. A disruptive
creative mindset should be relevant for its
success; instead, it should focus on radical
innovation.
Radical Innovation Examples

5. Blockchain technology is a case of radical
innovation, a competence-destroying
innovation that destroys the business
model of multiple industries, leading them
to reorganize their models market-wide.
An innovation is competence-destroying
when it supplants a technology, therefore
forbidding the firm’s existing competence.
Blockchain Business Model

6. The most critical part of the unit, UX
flow, teaches students the actual
journey of the customers. Since the
customer journey changes depending
on a range of factors, such as website
compatibility, graphic design,
information availability, personal bias,
etc., this course teaches students how
to determine the flow and how it can be
manipulated for the desired outcome.
UX Flow

7. Incremental innovation deals with
enhancing service, existing product, or
process. The concern is the impact of
innovation in the market, which can be
measured by the disruption it creates.
Blockchain technology could completely
reshape any industry, particularly in the
capital market. It significantly impacted the
existing business model by simply
withdrawing the need for mediators.

8. Blockbuster was a well-established
company in 1998; a mail-order DVD, home
movie and video game rental service
company. When its underestimated
competitor Netflix entered the home
entertainment industry in 1997, Blockbuster
felt needless to thrive for the change that
might have brought radical innovation to
them and counter the market entrant Netflix.
Entertainment Industry Takeover

9. Apple’s iPod was released in October, 2001
prior to the iPhone which was first released in
the year 2007. The iPhone sales overtook
those of the iPod during the middle of 2010.
The iPhone was not a new technology, it was
derived from iPod’s technology. Instead of
adding new features to the existing iPod
device; an incremental innovation, Apple
shifted to a new concept of increasing the
computer capacity to a new device called the
‘iPhone’ that resulted in radical innovation.
Apple

10. These are the best Radical Innovation
Examples. Radical innovation does not
come into reality anywhere; it isn’t based on
luck. People who radically innovate follow
concrete, actionable strategies that give rise
to a culture that embraces uncertainty. To
put those strategies into your business, you
might need to take up courses in
innovation. At MIT ID Innovation, you can
stay ahead of the curve by learning from
industry professionals.

11. MIT ID Innovation was established to
create a learning ecosystem that
influences young minds to be tomorrow's
design leaders who contribute to the
industry and society. You can take an
online innovation course and learn what
matters or check out our flagship
program, which the UGC has approved.

12. 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 Innovation Courses in
India.
Conclusion

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