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Innovation. - Coggle Diagram

- - - - a number of little adjustments or enhancements made to a business's current goods, services, procedures, or techniques
    - - A fresh or enhanced product that satisfies customer demands and keeps producers afloat.
    - - A technology or product that pushes established businesses to accept or reject technological change
    - - An innovation that displaces or eliminates an established business model
- - - - Pros: minimizing waste production, lowering environmental pollution, and preserving natural resources, circular materials
        Cons: obstacles including those related to technology, infrastructural limitations, cost concerns, consumer awareness, market demand, and intricate supply networks.
    - - Pros: reduce waste, safeguard ecosystems and natural resources, and increase resource efficiency by using less water, energy, and materials.
        Cons: restrictions on available products and possible compromises on product information, fragility, and convenience
  - - - Pros: strives to eliminate waste, encourage recycling and reuse, and lessen the exploitation of virgin resources
        Cons: provide obstacles including infrastructure needs, technological limitations, and shifts in customer behavior
    - - Pros: assists people in need by giving them access to inexpensive or free clothing alternatives, supports sustainability by prolonging the lifespan of clothing and lowering the demand for new manufacture
        Cons: organizations may have difficulties managing and processing donated objects because of their condition or style, which may make them unsuitable for reuse.
  - - - Pros: has a longer lifespan, reducing the need for regular replacements and conserving materials, save money and lowers waste production and resource conservation
        Cons: increased upfront expenses, less possibilities for customization in terms of appearance and the possibility of technology becoming outdated
    - - Pros: minimizing resource consumption and lowering the total ecological footprint
        Cons: needs careful planning, research and development funding, and may include greater upfront costs, restrictions on the technologies that are now accessible, market demand, and regulatory compliance
  - - - Pros: offer space efficiency because of their disassembled form, which enables compact shipping, and cost savings since they are frequently more economical
        Cons: assembling something might take a while and call for certain knowledge or equipment
    - - Pros: provide a practical and effective way to clear and organize areas, as well as shield them from potential harm like dust and filth
        Cons: can impede accessibility, cause over-accumulation, restrict visibility and need frequent unpacking and repackaging of frequently used products