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deck:: 2023t1/product/w2/t7 deck:: 2023t1/product/w2/t7
- ### Definition of Innovation #flashcard - ### Definition of Innovation #flashcard
id:: 648adeaf-19e3-4987-a5d1-d0f6b21e814e id:: 648adeaf-19e3-4987-a5d1-d0f6b21e814e
- Innovation is the process of creating something new that adds value to society. It can involve developing new products, services, processes, or business models. Innovation can be driven by a variety of factors, such as technological advances, changes in consumer preferences, or shifts in the competitive landscape. - Innovation is :-> successful implementation of a new or
significantly improved product (good or service), or
process, a new marketing method, or a new
organisational method in business practices,
workplace organisation or external relations.
- ### Categories: - ### Categories:
- Product innovation - Product innovation
- Process innovation - Process innovation