1) A species is a group of organisms that can interbreed and produce fertile offspring. This is known as the biological species concept. 2) Speciation is the process by which new species arise from existing species. It occurs through anagenesis, where a population accumulates traits over time to form a new species, or cladogenesis, where a new species branches off from an ancestral species. 3) Speciation increases biodiversity by splitting ancestral species into multiple descendant species over time.