Question

new technology innovation and development in business meaning and explanation​

Answer 1

Business innovation is an organization's process for introducing new ideas, workflows, methodologies, services or products. Business innovation should improve on existing products, services or processes; or it should solve a problem; or it should reach new customers.

Answer 2

Explanation:

Innovation generally refers to changing processes or creating more effective processes, products and ideas.

Being innovative does not only mean inventing. Innovation can mean changing your business model and adapting to changes in your environment to deliver better products or services.