presentation of X

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The Discipline of
Innovation
Presented by

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What is innovation management and
what is entrepreneurship?
 Innovation is the effort to create purposeful, focused change in an
enterprise's economic or social potential. Entrepreneurship is the means by
which the entrepreneur either creates new wealth-producing resources or
endows existing resources with enhanced potential for creating wealth.
Many well-established businesses engage in highly successful
entrepreneurship.

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Sources of innovation
 - Unexpected Occurrences
 - Incongruities
 - Process Needs
 - Industry and Market Changes
 - Demographic Changes
 - Changes in Perception
 - New Knowledge

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Principles of innovation
 “Innovation requires knowledge, ingenuity, and, above all else, focus.”

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Conclusion

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