- Product/service innovation: the creative development and commercialization of radically new products or services, often grounded in new technology and liked to unmet customer needs.
- Process innovation: the development of new ways of producing products or delivering services that lead to advantages in cost, or timeliness of delivery.
- Business innovation: the development of new businesses and new ways of conducting business that provide unbeatable competitive advantage.
Sunday, June 8, 2014
TYPES OF INNOVATION
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