Asked by Matthew Mihatov on Jul 04, 2024

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Which of the following forms of innovation focuses on better ways of doing things?

A) product innovation
B) process innovation
C) business model innovation
D) social business innovation
E) paradigm innovation

Process Innovation

The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality.

Paradigm Innovation

A significant shift in the fundamental concepts and practices of a particular domain or industry.

  • Familiarize oneself with the assorted types of innovations and their distinguishing properties.
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carlos cabreraJul 05, 2024
Final Answer :
B
Explanation :
Process innovation focuses on developing better ways of doing things, such as improving efficiency or reducing costs. Product innovation involves creating new products or improving existing ones, business model innovation changes the way a company creates and captures value, social business innovation addresses social or environmental challenges, and paradigm innovation changes fundamental assumptions or beliefs.