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In it's simplest form, there are three main types of innovation: 1) pioneering innovation, 2) best practice innovation, and 3) technological innovation. Pioneering innovation is often the method most associated with the term innovation.
Using incremental innovation to grow your business with low risk. In today's rapidly changing business landscape, incremental innovation can often be underrated when compared to other innovation types. Business leaders often assert high overall innovation failure rates, varying anywhere between 70 to 98%.