Film: the founder | Business & Finance homework help
Innovation is important because it helps drive progress forward in various areas, enabling us to create new solutions and uncover previously unseen opportunities. The Founder emphasizes this point by showing how Ray Kroc’s idea of franchising McDonald’s restaurants revolutionized the fast food industry; his innovative concept allowed for rapid expansion and mass production which then helped propel the brand towards becoming one of the most successful companies in history.
Incremental innovation is also an effective approach which involves making small but tangible improvements over time rather than trying to develop disruptive technologies right away; this allows businesses to gradually improve upon existing products/services without needing high levels of funding or resources. An example from The Founder can be seen when Dick and Mac McDonald refined their cooking process so that it could be replicated at different locations with consistent results – a seemingly minor adjustment which ultimately played a major role in setting them apart from other competitors.
In today’s world, incremental innovation is being used to advance many industries such as automotive where self-driving features are becoming increasingly common or healthcare where electronic medical records are now being adopted more widely. These advances allow us to continually make enhancements on existing technologies while also positioning us for greater success as we move into the future.