Product

Innovation has the most impact to the society.

Social

Innovation focuses on improvement made in the methods used in dealing with

people in the organization.

Discontinuous Innovation make existing products stay longer in the market.

Incremental

Innovation normally does not require much marketing effort to reintroduce the

product to the market.

A

me-too product is a product introduced into the market in no competition with a

product that is already available.

With

Disruptive Innovation, customers can expect that the product performance will

remain the same as in the previous product.

Improving a product for better functionality is known as a product innovation.

Usage

of a better sensor in an existing product can be an example of a Process

Innovation.

Products

can be classified as consumer products and business products. And Product

Innovation is the upgrades made to these products.

Wireless

telecommunication is an example of a Radical Innovation.