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Innovation that provides significant improved value and change in economic, social and/or environmental systems and the way societies are accustomed to doing things; can create opportunity spaces for entrepreneurs and give rise to entirely new industries.

Cover of Frederick, O'Connor, Kuratko (2019), Entrepreneurship Theory Process Practice (Melbourne: Cengage) Glossary term from Asia-Pacific edition of Entrepreneurship Theory Process Practice (Melbourne: Cengage, 2019)

Synonyms:
transformative innovation
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