Webinnovatorz

Webinnovatorz The process of translating an idea or invention into a good or service that creates value or for which customers will pay. Innova

To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. In a social context, innovation helps create new methods for alliance creation, joint venturing, flexible work hours, and creation of buyers' purchasing power. Innovations are divided into two broad categories:
(1) Evolutionary innovations (continuous or dynamic evolutionary innovation)

that are brought about by many incremental advances in technology or processes and
(2) revolutionary innovations (also called discontinuous innovations) which are often disruptive and new. Innovation is synonymous with risk-taking and organizations that create revolutionary products or technologies take on the greatest risk because they create new markets.

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