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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.
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.
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 exists anywhere that people innovate, or introduce change. A painter using color in a new way; a chef fusing cuisines together to make a new dish; a charity organization finding new ways to help people—these are all examples of innovation.
Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. [1] ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value ". [2]
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 definition: a new idea or method that is being tried for the first time, or the use of such ideas or methods: . Learn more.
/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. innovation in something innovation in engineering. Extra Examples. Oxford Collocations Dictionary.
