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Types Of Innovation
The categorization of new developments or improvements in products, processes, marketing, or organizational methods, including incremental, radical, disruptive, and architectural innovation.
Creative Destruction
A concept in economics which suggests that economic innovation and progress often involves the dismantling of old structures and the emergence of new ones.
New Products
Refers to items or services that have been introduced to a market for the first time, offering innovation or advancement.
Existing Products
Goods or services that are currently available to consumers.
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