Question about Inner product and Norm

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If we start with an inner product on a vector space, there is a unique induced norm on it, defined by

$$|| x ||=\sqrt{\langle x,x\rangle}$$

With this definition, many inequalities and theorems can be derived.

My question is: If we choose another definition of norm, would the norm and the inner product be consistent? My guess is that the vector space would still make sense, but we will lose a lot of nice properties since there is no relationship between thr inner product and the norm.