Search results
- DictionaryIn·no·va·tion/ˌinəˈvāSH(ə)n/
noun
- 1. the action or process of innovating: "innovation is crucial to the continuing success of any organization"
The meaning of INNOVATION is a new idea, method, or device : novelty. How to use innovation in a sentence. What is the difference between innovation and invention?
Jul 15, 2023 · Innovation is defined as the process of bringing about new ideas, methods, products, services, or solutions that have a significant positive impact and value. It involves transforming creative concepts into tangible outcomes that improve efficiency, and effectiveness, or address unmet needs.
Innovation is production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of production; and the establishment of new management systems. It is both a process and an outcome.
the creating and use of new ideas or methods: He says he wants to stimulate creativity and innovation. Business leaders are blaming high taxes for stifling economic success and innovation. Fewer examples. Innovations in design are making artificial limbs more like human arms and legs.
Innovation can refer to something new, such as an invention, or the practice of developing and introducing new things. An innovation is often a new product, but it can also be a new way of doing something or even a new way of thinking.
the creating and use of new ideas or methods: He says he wants to stimulate creativity and innovation. Business leaders are blaming high taxes for stifling economic success and innovation. Fewer examples. Innovations in design are making artificial limbs more like human arms and legs.
Aug 17, 2022 · In a business context, innovation is the ability to conceive, develop, deliver, and scale new products, services, processes, and business models for customers. Successful innovation delivers net new growth that is substantial.
INNOVATION meaning: 1 : a new idea, device, or method; 2 : the act or process of introducing new ideas, devices, or methods.
An innovation is a new thing or a new method of doing something. The vegetarian burger was an innovation which was rapidly exported to Britain. ...the transformation wrought by the technological innovations of the industrial age.
innovation. noun. /ˌɪnəˈveɪʃn/. /ˌɪnəˈveɪʃn/. [uncountable] the introduction of new things, ideas or ways of doing something. an age of technological innovation. The company is very interested in product design and innovation. Too strict a regulatory system will stifle innovation.
