ENTREPRENEURSHIP

Detailed explanation-1: -Innovation refers to an individual or organization creating new ideas, such as new products, workplace processes and upgrades to existing services or products. In business, innovation can promote growth, help ensure the organization can compete with new market trends and help generate profit.

Detailed explanation-2: -Comfortable means you’ve stopped taking risks. Being a successful entrepreneur means you need to take risks. If you never step outside of your comfort zone, you’ll never reach your full potential. Only when you push your own limits will you find that you’re truly creating something great.

Detailed explanation-3: -Entrepreneurial innovation is the ability to turn an idea into reality. It is about finding new ways to do things and making them better. Entrepreneurial innovation is about creating new products or services, improving processes or finding new markets for existing products or services.

Detailed explanation-4: -One of the benefits of innovation in business is the increase in productivity of individuals, processes, and business models, among others. Simply put, innovation presents new ideas to business leaders to increase efficiency with minimum resources. Furthermore, reducing business and other risks.