QHT1.Task3.docx QHT1 / Task 3 Innovation There are many types of innovation however, wh

QHT1.Task3.docx  QHT1 / Task 3  Innovation  There are many types of innovation however, when I think of innovation the first thing that comes to mind is an invention. An invention can either be a new product or modified, service or process to market. Invention has played a key role throughout history in this world. It has been life changing for many people, the printing press, lightbulb, telephone, just to name a few. Inventions have played a key role in improving our quality of life.   (Lopez,2017) Incremental innovation is the most common type of innovation. It uses existing technology to increase value to the customers with the features, design, changes within the market. Most businesses engage in incremental innovation (Lopez,2017). Adding or possibly even removing services and or features such as updates to computer software are possible examples of incremental innovation.  (Lopez,2017) Disruptive innovation or also known as stealth innovation, involves applying new technologies or processes to the companys current market. It is considered stealth innovation because it is inferior to existing technology on the market (Lopez,2017). A specific example would be a cell phone, offering more megapixels and or specific types of cameras for a better wide angle or night vision pictures. Or another specific example could be from buttons to operate a cell phone to all touch screen. Technology is always improving, and entrepreneurs are constantly looking for ways to improve items or services.