IntroductionInnovative technology dedicated load products provide an excellent solution to protect critical electronic equipment and provide clean power for sensitive electronic loads. they are series connected and offer flexible connection methods, compact size and superior protection for AC or DC circuits.
such as different types of innovation for this post, let's break down innovation in to dimension: Technology and market, which gives us the following 4 types of innovation.
Disruptive innovationAlso known as stealth innovation , involves applying new technology or processes to your company's current market . this newer technology is often more expensive , has fewer features., is harder to use, and is not as aesthetically pleasing. there are quite a few examples of disruptive innovation , one of the more prominent being Apple's iPhone disruption of the mobile phone market iPhone is most popular phones because it has buttons , keypads or scroll wheels for user input.
Incremental innovationIs the most common from of innovation. it utilizes your existing technology and increases value to the customer (features, design changes etc) within your existing market . almost all companies engage in incremental innovation in one from or another.
Architectural innovation is simply taking the lessons, skills and overall technology and applying them within a different market. This innovation is amazing at increasing new customers as long as the new market is receptive. Most of the time, the risk involved in architectural innovation is low due to the reliance and reintroduction of proven technology. Though most of the time it requires tweaking to match the requirements of the new market.
Radical innovation is what we think of mostly when considering innovation. It gives birth to new industries (or swallows existing ones) and involves creating revolutionary technology. The airplane, for example, was not the first mode of transportation, but it is revolutionary as it allowed commercialized air travel to develop and prosper.
The four different types of innovation mentioned here – Incremental, Disruptive, Architectural and Radical – help illustrate the various ways that companies can innovate. There are more ways to innovate than these four. The important thing is to find the type(s) that suit your company and turn.
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