It is not just about technology alone; it is about how to manage that technology to achieve superior value for the customer.

It can be defined as " an entrepreneur with the skills and mindsets to deal with a knowledge economy"

Improving a value chain is eliminating the ___________________ that incurred the cost of product higher to the end customer.

A new or improved product (material, component, device, machine, system) or process (synthesis, treatment, fabrication, method of manufacturing) was discovered as a result of study or experimentation.

It is a completely new product or service, a patent, or a breakthrough.

"The use of technology as an integral and key element in the transformation of goods & services."

Requires people using new knowledge and understanding to experiment with new possibilities and using sound collaborative decision-making tools in order to choose and implement new ideas.

Persons who create something new, but inside an existing company rather than through a new venture.

The indispensable start-up ingredient all inventions and innovations need.

It is the process of forming and relating ideas that invariably have a bearing on the identification and resolution of a problem.

Deriving ideas through free association and analogies.

A way of generating ideas, in a group, on a specific theme, by free-association.

Based on the systematic use of analogies for the generation of ideas.

A way of pushing towards a reformulation of an idea by subjecting it to strong opposing views with the aim of either reinforcing or replacing the original idea.

A way of generating ideas by decomposing a problem into sub-problems and listing, in a matrix, all the factors pertaining to it [mince].

Service enterprises include repair and maintenance shops, printing & machine shops, food catering, Beauty parlors, dress and tailoring shops, recreation establishments (like bowling alleys and billiard halls), and entertainment enterprises (such as theaters, disco and pub house).

It is one of the most common type of service business.

It is a small company is totally dependent on one big principal or contracting company

It is a combination of ideas (parts, whole) for refinement and with a view to further generation of ideas