Innovative business, entrepreneurship and intrapreneurship

Innovation is not merely the development of something new, especially in the world today. There are different types of innovation, as well as different ways to apply it. Dr. Nancy Forster-Holt, a professor at the College of Business here at the University of Rhode Island, brought insight to these burning questions during her discussion of innovation in the business world. First, I will discuss the two types of innovation and how they play a part, then I will discuss innovation in the business model, the production process, and the final product itself. I will provide solid examples of forms of innovation, and how they represent innovation in a world where everything has already been thought of.