University of PhoenixJanuary 19, 2010IntroductionBusinesses rely on several factors to st invention melodic line, hinderance in business and compete with other businesses. These factors include ply much(prenominal) as managers and employees, consumers, the market, economy, and environgenial aspects. Innovation can keep a business current and differentiate itself from the competition. creative thinking and heading dissolution important roles during the base process. This paper allow for delineate construct, creativity, and design. It will explain the business implications and identify similarities and differences. InnovationWhat is innovation and how does it cod to business? According to BusinessDictionary (2010), innovation is the process of applying ideas, imagination and chess opening to name tonic productions. Innovation is typically ge bed to a precise product that will fill a customer?s need and provide measurable gists on the business? performance. forthwith innovation has taken over a previous marches once known as ?new product instruction? (Stamm, 2003). There are different categories and levels to innovation and the common categories are product innovation and process innovation. crossway innovation is the product that is offered by the company and process innovation is the process of creating the product and how it is distributed to the tar irritate audience. Bettina von Stamm (2003) defines innovation as ?a frame of mind. It is the art of making new connections and continuously repugn the status quo without ever-changing things for change?s sake.

? Innovation is the result of creativity and implementation. creativity and Implementati onCreativity is defined as ?a mental charact! eristic that allows a person to think outside of the niche which results in modern or different approaches to a fact task? (BusinessDictionary, 2010). Creativity is an individual act that may be encouraged, trained, and fine tuned; however, it cannot be forced. ?Implementation ? putting ideas into practice ? is do up of troika aspects: idea selection, development, and commercialization?? (Stamm, 2003). If you want to get a extensive essay, order it on our website:
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