Radical Innovation Theory and its Development

Radical Innovation Theory and its Development

Modern businesses must embrace radical innovation to remain competitive in rapidly-evolving markets. This theory aims to completely obliterate or replace existing industry models and build entirely new ones. Radical innovators must understand the importance of leveraging a company's existing assets and competencies to design services or products that transform an industry for good. MIT ID Innovation is one educational institute that offers undergraduate and postgraduate courses on design and innovative management.