The process of creating something new.

• Creativity

• Innovation

• Invention

• Product Development

The process of updating or upgrading something that already exists.

• Creativity

• Innovation

• Invention

• Innovation Management

Refers to tangible products that form the output of the firm that developed and produced by them.

• Device

• Method

• Material

• Service

Refers to a change on how something is being done.

• Device

• Method

• Material

• Service

Is about how organizations and their employees manage innovation activities.

• Creativity

• Innovation

• Product Development

• Innovation Management

A process that is developed by the Innovation Management.

• Innovation

• Product Development

• Innovation Strategy

• All of the above

Refers to the innovation of the physical product.

• Product Innovation

• Innovation Management

• Service Innovation

• Process Innovation

New service offerings that provide benefit for the people.

• Product Innovation

• Innovation Management

• Service Innovation

• Process Innovation

Refers to the innovation on how a firm conducts its activities for the benefit of its people.

• Product Innovation

• Innovation Management

• Service Innovation

• Process Innovation

Is an obsolescent type of disk storage composed of a thin and flexible disk.

• Floppy disk

• Flash drive

• CD

• iCloud