Platform Innovation
Platform Innovation is about
seeking out extensions to the
current business, and
anticipating and leading changes
of significant impact.
The platform innovation is
defined as one that leads to the
practical application of
fundamental innovations. Such
innovations normally are
launching pads for a new
industry.
Features of Platform
Innovations:
▪
Holistic innovation with
longer cycle times;
▪
The quality and success of the
new offering is the key driver
of advantage;
▪
Customer feedback is
iterative.