What is defined as a creative solution that is adopted by others?

The concept of innovation refers to a creative solution that not only involves the development of a new idea or product but is also embraced and utilized by others. Innovation is typically recognized for its ability to enhance existing processes, services, or products, effectively making them better or more efficient.

In the realm of entrepreneurship, innovation plays a crucial role as it differentiates a business and allows it to stand out in a competitive market. It transforms unique ideas into practical applications that can be implemented in various industries, thus contributing to progress and development.

While the other terms relate to business and entrepreneurial activities, they do not specifically capture the essence of a creative solution being adopted by others. For instance, a startup refers to a new business venture, employment refers to a job or position one holds, and opportunity is a favorable set of circumstances for achieving a goal. Only innovation encapsulates the idea of creative solutions gaining traction and being utilized by a broader audience.