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Why is disruptive technology important?

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  Technology that is so innovative and useful that it disrupts the market is known as a disruptive technology. Disruptive technology, so named because it displaces competition, typically refers to a good or service that is so ground-breaking and widely available that it alters how something is done. An organization's approach to promoting technological or service delivery breakthroughs is an innovation strategy . We rely on new ideas and technology as they are developed to make our lives more convenient, but not all new technology eliminates the usage of earlier options. Because its characteristics are so obviously superior to the outdated ones, disruptive technology is distinct. Disruptive technology is typically developed by startup enterprises rather than well-established businesses. Disruptive technology is typically affordable to the average consumer and provides a service or product that makes daily life easier. While you may not be aware of the term, you are most likely a us
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What is an example of rapid prototyping?

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  Rapid prototyping is the fast creation of a physical item, model, or assembly utilizing 3D computer-aided design software (CAD). The article, model, or group is often completed via additive manufacturing, also known as 3D printing. Selective laser melting for rapid prototyping Where the design closely fits the planned finished product, it is referred to as a high-fidelity prototype, as opposed to a low-fidelity prototype, where there is a notable difference between the prototype and the final product. An innovation strategy is a plan by a corporation to foster technical or service delivery breakthroughs. Rapid prototyping (RP) encompasses many manufacturing processes, most relying on layered additive manufacturing. Other RP technologies include high-speed machining, casting, molding, and extruding. While additive manufacturing is the most frequent method of rapid prototyping, other, more traditional methods can also be utilized to build prototypes. You've probably heard a lot a
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What are the four types of innovation strategy?

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  A plan put in place by a company to encourage technological or service delivery breakthroughs is known as an innovation strategy . A company's ability to innovate significantly affects the creation of new goods or services, and different businesses use various methods to achieve this objective. Understanding the various innovation tactics may help determine which technique works best. 1. Incremental Innovation incremental growth of concepts, products, or services inside an already-existing market. This Innovation makes new items marginally superior to their predecessors and only alters existing product compositions or service delivery methods. You may make things more compact, user-friendly, appealing, and effective through ongoing improvement without compromising their core functionality. For instance, a company that makes razors might add extra blades, heated razors, and rotating heads to their goods to improve them over time. 2. Revolutionary Innovation Theories about ideas,
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