What does evolutionary innovation mean and how does it contribute to the development of new technologies and products?

Evolutionary innovation refers to the gradual improvement and adaptation of existing technologies or products over time. This process involves making small changes or enhancements to existing designs or ideas, rather than creating something entirely new.

Evolutionary innovation contributes to the development of new technologies and products by building upon previous knowledge and successes. By continuously refining and optimizing existing solutions, companies can create more efficient, reliable, and cost-effective products. This approach allows for a steady progression of advancements, leading to the creation of innovative products that meet the evolving needs of consumers.