Know about Radical Innovation Examples

Radical innovation leads to significant change and replacement of existing business models, while disruptive innovation is focused on long-term impacts by forming new ideas. Examples of radical innovation include blockchain technology destroying the business model of multiple industries and Netflix replacing the traditional mail-order DVD and home entertainment industry. Apple shifted from incremental innovation on the iPod to the "iPhone" resulting in radical innovation. Developing an innovative mindset requires embracing uncertainty and actionable strategies to create a culture that supports radical innovation.