Decision making
Choosing among alternatives.
Innovation
Something new, such as a new product, strategy, or process
Invention
To produce (as something useful) for the first time through the use of the imagination or of ingenious thinking and experiment.
Paradigm innovation
A type of innovation that involves a significant change in thinking .
Position innovation
A type of innovation that occurs when the purpose of a product is changed
Problem solving
Finding solutions to obstacles or problems.
Process innovation
A type of innovation that occurs when a business changes how something is done
Product innovation
A type of innovation that occurs when a business either creates or improves a product