Entrepreneurial Innovation

Entrepreneurial innovation refers to the process through which entrepreneurs create new ideas, products, or services that address unmet needs or improve existing solutions. It involves identifying opportunities, developing unique concepts, and implementing them in the marketplace. This innovation can lead to the establishment of new businesses or the transformation of existing ones, fostering economic growth and competition. At its core, entrepreneurial innovation blends creativity with practical execution, ultimately aiming to solve problems, enhance efficiency, and add value to society.