Innovation INTRODUCTION 1 MAIN BODY1 1) Describe in detail innovation theories.1 2) Apply innovation theory in historical development of one or more product basis.4 INTRODUCTION 8 REFERENCES 9 9 CONCLUSION Innovation refer to the process of delivering and translating ideas or invention into a product and services which generate value and for which the client will pay. In context of an organization, innovation refers to the process of make little change in existing products and services by using new ideas and thoughts which add values and