Global Innovation: The cross-border creation of novel solutions addressing worldwide needs and challenges.
Product development is the process of creating a new product that is ready to be launched. It includes research, design, prototyping, testing, and production to bring the product to market.
Industry Innovation is the process of creating and applying new ideas to drive growth, efficiency, and competitive advantage within a sector.
Disruptive Innovation: A novel product/service that upends markets by displacing established leaders and reshaping industry dynamics.