This document discusses different types of innovation and entrepreneurship. It defines incremental innovation as small changes to existing products, services, or processes, while breakthrough innovation involves major technological leaps. Continuous improvement aims to incrementally enhance products and processes through methods like Six Sigma. Entrepreneurship involves identifying opportunities, building teams, and acquiring resources to create new products or services. Intrapreneurship encourages entrepreneurial activities within large established companies. The document also notes various risks of innovation and ways to manage those risks.