TYPES OF INNOVATION
The following are the four types of innovation in order of their originality.
1. Invention; the creation of new products, service or process- often one that is novel or untried. such concepts tend to be "revolutionary".

2. Extension; the expansion of a product,service, or process allready in existence. Such concepts make a different application of a current idea.

Duplication; the replication of an already existing product, service or process. The duplication effort, however, is not copying but adding the entrepreneur's own creative touch to improve the concept and beat the competition.

Synthesis; The combination of existing concepts and factors into a new formulation. This involves taking a number of ideas or items already invented and finding a way that they can form a new application.