Types of innovation...Product innovation: creating or developing new and existing products. Process innovation: changing the ways in which production or delivery...
Product innovation: creating or developing new and existing products.
Process innovation: changing the ways in which production or delivery occurs.
Positioning innovation: changing the context of a product by repositioning it.
Paradigm innovation: most radical method, changes the nature of a market
(e.g., How e-commerce revolutionised the shopping industry).
Adaptive creativity altering and modifying something that already exists.
E.g., when Apple comes out with a newer model of one of their iPhones.