|Overview: Innovation vs Improvement|
A change that improves the state of the art by at least an order of magnitude.
A change that adds value.
Innovation vs Improvement
John Spacey, updated on January 15, 2023
Innovation and improvement are common terms for strategies that add value to a business by changing things to make them better. The difference between the two terms is a question of scale.Improvements can be very small changes that add value. Innovations are changes that are at least an order of magnitude better than the existing state of the art. In most cases, the goal of improvement is to make small changes rapidly that add significant value over time. The goal of innovation is to take massive leaps forward.It can't be said that improvement and innovation are mutually exclusive as innovation processes typically involve cycles of rapid improvement and testing. It should also be noted that innovation can result from a seemingly minor improvement in an existing product, service or process that boosts its value by an order of magnitude.
InnovationThis is the complete list of articles we have written about innovation.
If you enjoyed this page, please consider bookmarking Simplicable.
A list of common innovation principles.
An overview of fail often innovation.How to measure innovation including early stage, late stage and overall program metrics.
The basic types of pilot used in business, science and entertainment.
A definition of lead user with examples.A definition of moment of truth with a few examples. A definition of user innovation with examples.
The common types of proof of concept.
The common types of commercialisation.
The common types of innovation objectives with examples.A list of thinking approaches and types. A few logic terms explained. A list of common cognitive biases explained.
A few dangers of being too abstract.
The difference between objective and subjective.A definition of intellectual diversity with examples. The definition of creative value with examples.
The definition of anecdotal evidence with examples.
The definition of benefit of doubt with examples.
The definition of pessimism with examples.
TrendingThe most popular articles on Simplicable in the past day. Recent posts or updates on Simplicable. Site Map