Hello

Human mind is the main source of innovations. In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers. the human mind thinks of new things that can better fulfill an existing need. In this process he thinks of filling his needs in new ways and by devising new products and mechanisms. Demographics: Our lifestyles can also be a source of innovation

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Hi!!!

Hope you are doing well.

Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.

The various sources of innovation are :-

• Unexpected.
• Incongruity.
• Market Structure.
• Necessity.
• Demographics.
• Changing perception.
• New Knowledge.

Hope you are clear now. Feel free to ask if you have any other queries. All The Best!!!