Successful innovation is the use of the new technological knowledge or a new

market knowledge employed with in a business model that can deliver a new
service or product to the customers will willing to purchase it at the price of that will
provide them a profit
THE GROWTH OF THE INTERNET AND KNOWLEDGE AND IDEAS
2ND INTERNATIOAL REDUCTION OF TRADE BARRIERS
INTERNATIONAL FREE FLOW OF CAPITAL
SHIFT IN THE SERVICE ECONOMY PRB TO THE SOLUTION
RAPID UPDATS IN DAH TECHNOLOGY.
TYPES OF INNOCATION
THERE ARE TWO TYPES OF THE INOVATION
INCREMENTLE INOVATION
RADICAL INOVATON
1ST
INCREMANTLE INOVVATION IS THAT TYPE OF INNOVATION IN WHICH THE
IMPROVEMENT OF PRODUCT AND SERVICES COMES UPGRADAION COMES FOR
EXAMPLE THE CD ARE NOW CHANGED TO MP3 AND ALSO DIFFERENT MODELS OF
THE MOBILE SETS UPDATING DAY BY DAY AND ANOTHER EXAMPLE CAN BE THE
MOTOR CARS UPGRADTION COME ON EACH TIME
WHILE ON THE OTHER HAND RADICAL INNOVATION IS THAT TYPE OF INNOVATION IN
WHICH THE NEW PRODUCT OR SERVICE ARE INVENTED THAT IS NOT ALREADY
INVENTED THE EXAMPLE CAN BE THE GOOGLE GLASIS NEXT GENERATION
COMPUTER U JUSE TO WEAR A GLASSES AND THE SCREEN WILL COME INFRONT OF
YOU THIS KIND OF INNOVATION IS CALLED REDICLE INOVATION
FRAME WORKSFOR INNOVATION
ANALOGS
THE IDEA OF THIS FRAMEWORK IS THE TRANFERING OF IDEA FROM ONE FIELD INTO
ANOTHER
EXAMPLE: DELL IS NOW MAKING A PRINTERS THAT ARE CONNECTED TO THE
INTERNET AND HAS A BUILT INK CARTRAGE SOFTWARE, WHEN THE INK CARTRAGE IS
GOING TO OVER. THE SOFTWARE UPDATES OR FORCASTE THE COMPANY THAT THE
CARTRAGE IS GETTING OVER AND THUS IT SAVE MONEY TIME AND EFFICIENT AND
DELEVERD IT ON TIME
INTERSECTION OF THE TECHNOLOGICAL TRENDS
MAKING USE OF THE COMBINATION OF THE TECHNOLOGIES TO MAXIMISE THE
PERFORMANCE AND MINIMISE THE COST . FOR EXAMPLE THE CAMERA WITH A

WIRELESS INTERNET CONNECTION HELPS YOU TO UPLOAD A PICTURES TO YOUR

DESIRE WEBSITE OR YOUR PERSONAL WEBSITE IN NO TIME HELPS AND GIVE A LOT
OF ADVANTAGE TO THE PROFESSIONAL PHOTOGRAPHERS.
POINTS OF PAIN
THE ENTERPRENEURS ARE QUICK TO NOTICE THE INEFFICENCIES,INCONVINCECIES
AND POINT OF PAIN AND USE THEM TO MAKE A NEW BUSINESS OPPRTUNITIES FOR
EXAMPLE THE UPS CATER THE ELECTRICITY LOADSHEDDING
ANALYSIS OF EXISTING BUSINESSES
ANALYSIS OF THE EXISTING MEANS TO CHECK THE EXISTINF BUSINESS THE COST
STRUCTURE AND POINTS OF PAIN CAN GIVE IDEA ABOUT THAT HOW THE BUSINESS
IS EFFECTIVELY ATTACK FOR EXAMPLE: THE MAKING OF NEW FLAVOUR IN THE FOOD
PRODUCT FOR EXAMPLE A DIET COKE AND LAYS DIFFERENT FLAVOURS ANOTHER
EXAMPLE CAN BE A DIFFERENT FLAVOURS OF KNOOR SOUPS AND MANY MORE
IDEA GENERATION
AS A ENTERPRUNEUR POINT OF THE THE IDEA GENERATION IS THE DISCOVERY OF
THE NEW IDEA OR IMROMENT IN THE BUSINESS IDEA WITH FEASBLE OVER TIME
.THE IDEA CAN BE A SUGGESTION CAN BE A BELIEF CAN BE A PROSAL CAN BE A
PLAN .
BRAIN STORMING IS DAH GROUP ACTIVITY TO FIND OUT THE SOLUTION OR TO MAKE
A STRATEGY FOR THE BUSINESS PROBLEMS FROM A COMMERCIAL TO A
CONVERTING AN IDEA INTO AN OPPORTUNITY
THE MOST OF THE PROBLEM THAT THE ENTERPRENIR FACE IS TO SELECT THE
BUSINESS IDEA
1ST SEZIE THE OPRTUNITY WHAT FACTORS CREATE A OPPORTUNITY
WHAT IS THE OPORTUNITY COST
ACCESS OF REWARDS AND RISKS
2ND DETERMINE THE NEED THROUGH THE MARKET RESEACH
Successful innovation is the use of new technological knowledge or a new market
knowledge with in a business model to deliver a new product or services to the
customer who will purchase it at the price that can provide a profit
Why we do innovation
Huge changes coming day by day In the technology
Reduce the international trade barriers
Internationaly free flow of capital
Problem to the solution

The growth of internet and access of knowledge and ideas

Types of innovation there are 2 types of innovation 1 st 1 is the incremantle
innovaton and 2nd 1 is a radical innovation 1st ell define and give the example
ofincrementle innovation than ell disscuss radicale innovation
Incremantle innovation:improvement in the existing service or product with the
passage of time and by the time of manufacturing and delivering is know as
incrementle innovation cds to mp3 player can be the example of incremental
innovation another type that we have is a radical innovation in which a new produt
or service is discover or made and bought out in dah market the example can be
the mp3 player form cds and from telephone to mobile