Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that improve upon existing practices or meet new needs. It encompasses a broad range of activities, including technological advancements, business model changes, and social improvements. Innovation can occur in various forms, such as incremental changes that enhance current offerings or radical innovations that transform industries. It plays a crucial role in economic growth, competitiveness, and addressing societal challenges by fostering creativity and encouraging the exploration of new possibilities. Ultimately, innovation drives progress and helps organizations and societies adapt to changing environments.