Answer the following statements true (T) or false (F)

Question

1. A product innovation is a change in the way a product or service is conceived, manufactured, or disseminated.
2. Radical innovation is the creation of products, services, or technologies that replace existing ones.
3. In 1961, Procter & Gamble introduced the first affordable, readily-available disposable diaper called Pampers. At that time, Pampers were an example of a radical innovation.
4. Conventional electric vehicle batteries use a liquid electrolyte but an Orlando start-up is developing a solid-state lithium-ion battery with improved stability and lifetime. This is an example of incremental innovation.

Answer 1

1. FALSE
A process innovation is a change in the way a product or service is conceived, manufactured, or disseminated.
2. TRUE
A radical innovation is the creation of products, services, or technologies that replace existing ones.
3. TRUE
A radical innovation is the creation of products, services, or technologies that replace existing ones. In the case of the diaper, this disposable one replaced cloth diapers.
4. TRUE
An incremental innovation is the creation of products, services, or technologies that modify existing ones. Here, the battery is being modified from liquid electrolyte to solid state.