Process Innovation

Process innovation refers to the improvement or redesign of the methods and processes used to create a product or deliver a service. In innovational entrepreneurship, this means finding new, more efficient ways to produce goods or operate a business. For instance, a company might introduce new technology that speeds up production, reduces waste, or enhances quality. By streamlining these processes, businesses can save money, improve customer satisfaction, and gain a competitive edge in the market. Ultimately, process innovation helps entrepreneurs deliver better value to their customers.