How Is Process Innovation Different from Product Innovation

question 20

Essay

How is process innovation different from product innovation?

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Definitions:

Court of King's Bench

A historical court in England that dealt with common law matters, including civil and criminal cases.

Exchequer Court

A historical court in England responsible for managing the government's finances and adjudicating cases related to revenue and taxes.

Substantive Law

The set of laws that govern how members of a society are to behave, outlining rights and duties, as opposed to procedural law which outlines how those laws are enforced.

Procedural Law

Part of the legal system that dictates the process and methods by which the law is practiced and enforced.