Vocabulary 14 Flashcards
1
Q
Business Innovation
A
an enterprise’s culture and process for introducing new services or products
2
Q
Divergence
A
looking at a problem, issues or questions from a different perspective
3
Q
Disruptive
A
new technology or business model that changes existing market
4
Q
Ideation
A
the process of forming ideas from conception to implementation, most often in a business setting
5
Q
Incremental
A
gradual, continuous improvement on existing products or services
6
Q
Innovation
A
process of translating an idea into a good or service that creates value for which customers will pay
7
Q
Radical
A
breakthrough that transforms an industry and /or creates new market
8
Q
Sustaining
A
significant improvement to maintain existing market share
