Describe the Various Types of Innovation as Characterized by Their

question 4

Essay

Describe the various types of innovation as characterized by their degree of novelty.

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Definitions:

Equity Theory

A theory of motivation that posits employees are motivated to achieve a balance between their inputs and outcomes in relation to the inputs and outcomes of others.

Hierarchy of Needs Theory

A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that outlines a five-tier model of human needs, from physiological needs at the base to self-actualization at the top.

Step-By-Step Sequence

An ordered series of actions or stages that lead to achieving a specific goal or completing a process.