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  1. www.mckinsey.com › featured-insights › mckinsey-explainersWhat is innovation? | McKinsey

    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.

  2. Apr 9, 2024 · Innovation, the creation of a new way of doing something, whether the enterprise is concrete (e.g., the development of a new product) or abstract (e.g., the development of a new philosophy or theoretical approach to a problem). Innovation plays a key role in the development of sustainable methods.

  3. An innovation, by definition, is the process of developing or renewing a technique or product to create or improve value. From innovative entrepreneurs to established businesses, there are many different types of innovations that people and businesses can leverage. They include: Product innovation is arguably the most well-known form of innovation.

  4. May 01, 2024. Your Teams Should Drive AI Adoption — Not Senior Leadership. Innovation Digital Article. Sowmyanarayan Sampath. Many companies appoint a designated senior leader to find ways to...

  5. Apr 1, 2015 · Innovation and creativity. In this engaging presentation, McKinsey principal Nathan Marston explains why innovation is increasingly important to driving corporate growth and brings to life the eight essentials of innovation performance.

  6. Innovation. A collection of TED Talks (and more) on the topic of Innovation. Loading... Video playlists about Innovation. 9 talks. Tech that's reshaping the future. Explore captivating ideas from tech pioneers who are shaping a smarter, greener and more inclusive tomorrow.

  7. Mar 8, 2022 · Simply put: Innovation is a product, service, business model, or strategy that's both novel and useful. Innovations don't have to be major breakthroughs in technology or new business models; they can be as simple as upgrades to a company's customer service or features added to an existing product.

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