Incremental Innovation Strategies to inspire your Product

Incremental innovation involves making improvements to existing products and services rather than creating completely new ones. It is essential for staying competitive and maintaining market share. The majority of innovations are incremental, and companies with successful incremental innovation strategies have increased market position. Benefits of incremental innovation include improved products, automation, and determining future demand. Effective strategies include understanding customer needs, utilizing innovative methodologies, performing riskiest assumption tests, and communicating with customers. MIT ID Innovation offers online courses in developing innovative designs for your firm.