Definition

Breakthrough innovation

 An innovation in a product, process, technology, or the cost associated with it that represents a quantum leap forward in one or more of these ways.

Share it:  Cite

More from this Section

  • Motivation factors
    Motivation factors are those job factors that provide satisfaction and therefore motivation, ...
  • Market growth rate
    ...
  • Feed forward control
    Feed forward control prevents problems because it takes place before the actual activity. ...
  • Turnaround
    A grand strategy of cost reduction and asset reduction by a company to survive and recover ...
  • Open-book management
    A motivational approach in which an organization’s financial statements are shared with ...