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- 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"
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.
a new idea or method that is being tried for the first time, or the use of such ideas or methods: the latest innovations in education. (Definition of innovation from the Cambridge Learner's Dictionary © Cambridge University Press)
Mar 16, 2024 · At its core, the definition of innovation involves the introduction of something new or the significant improvement of existing products, processes, services, or technologies. It's about bringing to life ideas that solve complex problems, meet emerging customer needs, or tap into new markets.
What is innovation? Innovation is the systematic practice of developing and marketing breakthrough products and services for adoption by customers. August 2022. When you think of innovation, what springs to mind? Maybe it’s a flashy new gadget—but don’t be mistaken.
noun. something new or different introduced: numerous innovations in the high school curriculum. the act of innovating; introduction of new things or methods. innovation. / ˌɪnəˈveɪʃən /.
Definition of innovation noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Sep 24, 2020 · The introduction of something new. – Merriam-Webster online dictionary. In other words, innovation is simply anything new that you do. It can be new products or services, a new manufacturing process that saves a lot of resources, or even just a minor improvement in an existing product or process.
