Innovation

Definition

Innovation refers to the creation of new ideas, products, processes, or methods that bring about positive change. It involves thinking creatively, taking risks, and implementing novel solutions.

Related terms

Creativity: The use of imagination or original ideas in order to produce something new.

Entrepreneurship: The process of starting a business venture by taking risks and pursuing opportunities for innovation.

Disruption: A radical change that interrupts existing practices or systems through innovative solutions.