CIT

Types of innovation "invention"

Creating a new product, service, or process

Which of the following is considered a myth of innovation?

Creativity relies on blue sky ideas

Types of innovation "expansion"

Expansion of a product, service, or process

Types of innovation "duplication"

Replication of an already existing product, service, or process while adding a creative touch.

Types of innovation

Synthesis, invention, duplication, expansion

Types of innovation "synthesis"

The combination of existing concepts and factors into a new formulation

People with muddling mind-sets exhibit all of the following habits except

the process of thinking

Retirement centers for older people reflect which source of innovation?

demographic changes

Overnight package delivery is illustrative of which source of innovation?

incongruities

Shifts in consumer tastes and attitudes are an example of

industry and market changes

Which of the following is not considered a principle of innovation?

invest in securities