Methods of Innovation

The video explores the concept of innovation, emphasizing that it is not limited to creating new products or services but involves generating new value propositions. Innovation can occur through problem-solving, combining existing ideas, or random discoveries. It also includes philosophical and practical approaches, such as applying new methods in business fields. The video encourages entrepreneurs to look at successful startups for inspiration and to understand that innovation can be achieved in various ways.

In what ways can random discovery contribute to innovation?

How does the text differentiate between creating new value and simply creating new products or services?