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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"
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.
noun. uk / ˌɪnəʊˈveɪʃ ə n / us. Add to word list. [ C ] a new idea, design, product, etc.: innovations in sth recent innovations in technology. Product innovations lead to an increase in effective demand which encourages an increase in investment and employment. [ U ] the development of new products, designs, or ideas:
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. Innovation is most commonly associated with business and technology, but it happens in any field where people introduce change, including the arts, medicine, politics, cooking, language—even philosophy and religion.
[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. innovation in something innovation in engineering. Extra Examples. Oxford Collocations Dictionary.
5 days ago · 1. countable noun. 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. Synonyms: change, revolution, departure, introduction More Synonyms of innovation.
1. [count] : a new idea, device, or method. She is responsible for many innovations in her field. the latest innovation in computer technology. 2. [noncount] : the act or process of introducing new ideas, devices, or methods. Through technology and innovation, they found ways to get better results with less work.
An innovation is the introduction of something new. If you run a magazine about new technology, then you're constantly looking out for the next innovation. Innovation comes from Latin innovare for renew, whose root is novus or new.
