By Monica E. Oss Invention = The creation of something new. Innovation = The creation and development of a new product, process, or service, with the aim of improving efficiency, effectiveness, or competitive advantage- but not focused on financial viability. Entrepreneurship/Intrapreneurship = The evolution of innovation into a financially viable going concern… Innovation and entrepreneurship are going to be critical skills this year. Why? Because the market share and financial viability of traditional services are eroding as the preference for the integrated, the virtual, and the value-based increases. Developing new services (or reformulation of current services) is critical to future financial viability. But most health care organizations are good…
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