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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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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 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.
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?
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).
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. 2. uncountable noun.
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.
/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.
INNOVATION meaning: a new idea or method that is being tried for the first time, or the use of such ideas or methods: . Learn more.
