First Principles

First Principles: Fundamental concepts or assumptions used as the foundation for problem-solving, devoid of assumptions or analogies.

More Innovation Glossaries

Continuous Innovation

A type of innovation that involves constantly improving and updating products, services, or processes in order to stay ahead of the competition.

Creative Destruction

Creative destruction is the process where new innovations disrupt and replace outdated industries or products, fueling economic progress.

Loss Horizon

Loss Horizon is a fixed point in the future of a company, from which onwards they will start to lose market share, revenues, or profit

Top First Principles Resources

First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Learn about the advantages and disadvantages of being a first mover or a fast follower in innovation strategy.

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