INNOVATION AND CREATIVITY
TYPES OF INNOVATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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they way an organization conduct its business
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the techniques of producing the product
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technique marketing goods/services
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None of the above
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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: -When it comes to implementing innovation, what is the starting place and how can you identify areas in need of an innovative approach? Take a business leader approach and start with the four “Ps” of innovation-paradigm, process, position and product.
Detailed explanation-3: -Product innovation is about developing and launching a new product, service innovation is about developing a new service, and all process improvements are covered by process innovation. New products or services can be launched within your existing business model or within a new business model.
Detailed explanation-4: -Observe Your Customers to Uncover New Problems-and Opportunities. Create New Solutions. Prototype and Learn in the Market. Implement the Best Ideas. 14-Jun-2016