ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

TYPES OF INNOVATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A type of innovation that occurs when a business changes how something is done
A
Process Innovation
B
Product Innovation
C
Position Innovation
D
Paradigm Innovation
Explanation: 

Detailed explanation-1: -Process Innovation is a type of innovation that occurs when the purpose of a product is changed.

Detailed explanation-2: -Process innovation is about implementing a new or improved production or delivery approach, including changes in operational methods, the techniques used and the equipment or software.

Detailed explanation-3: -There are three types of process innovation; delivery, support services, and production.

Detailed explanation-4: -Sustaining, or incremental innovation. Breakthrough innovation. Disruptive innovation. Basic research. 07-Nov-2022

Detailed explanation-5: -Ideation and Brainstorming. Many groups will build on a new idea right when it first arrives, validating the idea or adding to it. Proposal Building and Refinement. Evaluation. Prototyping and Testing. 14-Jul-2018

There is 1 question to complete.