Innovation

Innovation refers to the process of creating and implementing new ideas, products, services, or methods that improve upon or transform existing systems. It encompasses a range of activities, from scientific advancements and technological breakthroughs to creative problem-solving and organizational changes. Innovation can occur in various contexts, including business, education, healthcare, and social policies, and is often driven by the need to solve problems, enhance efficiency, or meet evolving consumer needs. Effective innovation typically involves not just invention but also the successful execution and adoption of new concepts, resulting in value creation and competitive advantage.