The Innovation Weblog has a post entitled "Categories of Innovation" which references a list of three categories of innovation and three types of innovative companies:
The three categories of innovation:
Incremental
Substantial
Radical
The three types of innovative companies:
Pioneer
Fast Follower
Opportunistic
I don't think there's any implication as to which might be "better", but an entrepreneur should be very clear about how you're positioned in these categories.
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