Asexual reproduction is a mode of reproduction in which a single parent produces the offspring. The offspring are both physically and genetically identical to each other. They are their parent's exact copies and hence called clones. Budding is a type asexual technique that creates  a new organism form the buds originating on the parent organism. The buds grow and mature and eventually detach from the parent organism and grow into new individuals. This a commonly observed in Hydra and yeasts.