Innovation Vs Innovations. Invention involves a single product, service or process, while innovation is a mix of different products, services or processes. But, there is a difference between both.
The act of improving by renewing and restoring. In the context of companies, however, the term needs a definition. As nouns the difference between initiative and innovation is that initiative is a beginning;
There are three stages of the product innovation process, regardless of whether a company is creating a new innovative product or making changes and improvements to an existing one.
When a physicist has a new idea, he or she invents something. It does not create new markets, but rather develops existing. Creativity is an imaginative process as opposed to innovation is a productive process. How each one operates in this.