BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A process innovation is the implementation of a new or significantly improved production or delivery method. This includes significant changes in techniques, equipment and/or software.

Detailed explanation-2: -An innovation process is a set of steps between an idea’s conception and its implementation. It is a streamlined process that is managed in a way that reflects a company’s structure and innovation goals.

Detailed explanation-3: -Innovation is the spark of insight that leads a scientist or inventor to investigate an issue or phenomenon. That insight is usually shaped by an observation of what appears to be true or the creative jolt of a new idea. Innovation is driven by a commitment to excellence and continuous improvement.

Detailed explanation-4: -What is the Innovation Process? Innovation refers to the introduction of a new quality of a good or a new good, market, method of production, source of supply, and organization in an industry. The most promising thing about the innovation process is being able to actualize an idea into a successful concept.

Detailed explanation-5: -Innovation in Services refers to both product and process innovation in service firms, sectors and industries. It may involve the development of new or improved services, while Service Innovation specifically relates to the creation of new services-though this can involve service-providing organisations in all sectors.