Innovation, Technological Innovation and Innovation Management

Innovation: The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Technological Innovation: Is doing something that creates value with technology Ex: Wireless charging , crypto currencies , chatbots

Innovation Management: Is the systematic promotion of innovations in organizations and includes tasks of planning, organization, management and control.   Ex: Future management, Dealing with patents and protective rights.

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