A novel solution is a fresh and innovative approach to addressing a problem or challenge. It involves thinking creatively and outside the box to develop unique strategies that have not been tried before.
Related terms
Innovation: Innovation refers to the process of introducing new ideas, methods, products, or technologies that bring about positive change or improvement.
Entrepreneurship: Entrepreneurship involves identifying opportunities and taking risks in order to create and manage new ventures or initiatives that can contribute to solving problems or meeting needs.
Disruptive Technology: Disruptive technology refers to innovations that significantly alter existing industries or markets by introducing new products or services with improved features or cost-effectiveness.