What is the differences between incremental and radical innovation?

Innovation is vital for a corporation's economic progress, and this article discusses the difference between incremental and radical innovation. While incremental innovation is a process of minimal improvements that successively upgrade the same product, radical innovation represents something completely different and new. Companies need to develop competencies in both radical and incremental innovation to achieve the best results. It is necessary to combine both ways of innovation - updating products with radical innovation with incremental innovation - for improvement and success.