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- Dictionaryinnovation/ˌɪnəˈveɪʃn/
noun
- 1. the action or process of innovating: "innovation is crucial to the continuing success of any organization"
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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.
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.
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.
Definition of innovation noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
INNOVATION definition: a new idea or method that is being tried for the first time, or the use of such ideas or methods: . Learn more.
Innovation is the introduction of new ideas, methods, or things. We must promote originality and encourage innovation.
