The current state of things or existing state.
Developing countries are nations with lower GDP, industrial activity, and human development index than developed countries.
Product improvement refers to reforming current products in your product line by boosting their functions and features.
Innovation failures are unsuccessful attempts to bring new ideas to market, often leading to valuable lessons and future improvement.
Today's business focus is often on short-term goals and efficiency, creating a "tyranny of today" that hinders innovative thinking. Companies must balance this with a focus on future opportunities to stay nimble and flexible.