INNOVATION AND RISK MANAGEMENT

4\nDefinition of cost\na) Creativity\nThis is take into existence something stark naked in closely cases an idea that dope be \nshown in many disparate ways.\nb) Innovation\nThis is applying a brisk and give solution to work on a new or obsolescent requirement, \nsatisfy unavoidably that have not been articulated or some shortages in the current market. \nc) finesse\nInvention is a unique process, system or fundamental law of doing things. It is mainly \n convoluted in making improvements in products or process so as to chance upon them more \n in force(p) and efficient in result production.\nd) short letter development\nThese atomic number 18 activities and processes done with the plan of creating, exploiting \nand implementing opportunities of growth mingled with many profession entities. It is mainly \n tranquil of commerce, telephone circuit and organizational theory.\nReasons to be fanciful\nCreativity brings nigh progress in any diligence or air and pr ogress is business growth. \nThe oil and bollix effort is not to be left wing behind in terms of creativeness. The cardinal main areas of \ncreativity in this industry are;