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Lois S. Peters

Radical innovation is the ability of an organization—especially a large mature company—to commercialize products and technologies that have a high impact on the market and in terms of their ability to spawn new lines of business. Peters posits that radical innovation is dependent on a company’s specific competencies, including discovery, incubation, acceleration and orchestration. Further, a company must have the overarching capacity to innovate among product lines, a facet often overlooked within strategy.