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innovation

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innovation

  1. 1. Topic : Innovation
  2. 2. Innovation The process of translating an idea or invention into a goods or service that creates value for which customers will pay.
  3. 3.  New idea  Introduce new goods  Introduce new services  Introduce new methods of production
  4. 4. Example
  5. 5. – Achieving business growth goals and improving bottom line results. – To make business successful. – Making productivity and efficiency gains to increase profitability. Need for innovation in Entrepreneurship
  6. 6. Example
  7. 7.  From the idea generation to the successful product development and launch, innovation is the seed-bed for change. Charged with the coordination of the innovation process are the entrepreneurs.  It is the job of the entrepreneurs to be creative in identifying the gap in the market and innovate a product to fill this gap. CONCLUSION
  8. 8. Reference  Entrepreneurship development By ajay M. bhamare  www.youtube.com  www.Wikipedia.com  www.businessdictionary.com

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