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About Innovation
The document discusses different types of innovation: 1. Invention is the development of a novel idea or solution to a problem through a mental process. Innovation takes invention further by developing it into something with practical application and value through experimentation and refinement. 2. Entrepreneurship drives innovation within constraints like limited resources or time, often in a startup context. The entrepreneur creates an environment allowing innovation to occur. 3. Types of innovation include product, process, marketing, and organizational innovations. Incremental innovations refine existing ideas, while radical and breakthrough innovations create new industries or transform existing ones. Innovation sources can be R&D-based or non-R&D-based activities.
Detailed Information
| Author: | ['Deepak Shukla'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 11 |
| Language: | English |
| Format: | |
| Price: | FREE |
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