Innovation:
-> Innovation refers to the process of introducing new ideas, methods, products, or services to bring about positive change and improvement. It involves creativity, problem-solving, and the application of novel solutions to address challenges or meet needs. Here are key aspects of innovation: 1.Creativity and Idea Generation: Innovation often begins with creative thinking and generating new ideas. This can involve brainstorming sessions, collaboration, or individual insights that challenge existing norms. 2.Problem-Solving: Many innovations are born out of a desire to solve a problem or address a specific challenge. Innovators identify issues, analyze them, and propose inventive solutions. -> Types of Innovation: 1.Product Innovation: Creating or improving goods or services. .Process Innovation: Enhancing or revolutionizing the way tasks are accomplished. .Business Model Innovation: Changing the...
