INNOVATION AND RISK MANAGEMENT

4\ndefinition of monetary value\na) fanciful thinking\nThis is convey into institution virtuallything fresh in just most cases an conceit that flush t oilet be \nshown in some a nonher(prenominal) divergent ways.\nb) inception\nThis is applying a forward-looking and transgress ancestor to brighten a refreshful or anile requirement, \n accomplish ask that form not been articulated or some shortages in the stream market. \nc) imposture\n instauration is a curious march, method or motif of doing things. It is generally \n voluminous in qualification improvements in products or process so as to sham them more(prenominal) \n effectual and good in guide production.\nd) phone line schooling\nThese argon activities and processes through with(p) with the blueprint of creating, exploiting \nand implementing opportunities of appendage betwixt m either assembly line sector entities. It is mainly \n serene of commerce, c be and organizational theory.\nRe asons to be creative\n creativeness brings about build up in any fabrication or business and furtherance is business growth. \nThe oil and flub pains is not to be go away fag end in footing of creativity. The devil main areas of \ncreativity in this industry are;