InnovationThe act of introducing something new
Definitions:
The process of translating an idea or invention into a good or service that creates value for which customers will pay.
StrategyA plan of action designed to achieve a specific goal
Definitions:
A high-level plan to achieve one or more goals under conditions of uncertainty.
Value propositionThe unique value a company promises to deliver to its customers
Definitions:
A value proposition is a promise of value to be delivered, communicated, and acknowledged. It is also a belief from the customer about how value will be delivered, experienced and acquired.
RevenueThe income generated from normal business operations
Definitions:
The total amount of income generated by the sale of goods or services related to the company's primary operations.
EntrepreneurshipThe activity of setting up a business, taking on financial risks in the hope of profit
Definitions:
The capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.