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Innovation - Meaning and Examples

Meaning of 'Innovation' (Webster Dictionary)

1 . Innovation [ n.]
- The act of innovating; introduction of something new, in customs, rites, etc.
- A change effected by innovating; a change in customs; something new, and contrary to established customs, manners, or rites.
- A newly formed shoot, or the annually produced addition to the stems of many mosses.

Meaning of 'Innovation' (Princeton's WordNet)

1 . innovation [ n]
Meaning (1):
- the act of starting something for the first time; introducing something new
Example in sentence:
  • she looked forward to her initiation as an adult;
  • the foundation of a new scientific society

Nearby Words:

inn innate innately innateness innative innavigable inne inned inner innerly

See 'Innovation' also in:

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Related Definitions

  • Discontinuous innovations
    Discontinuous innovations is the new-to-the-world products never seen before, such as were music CDs and the television at their introductions.
  • Diffusion of innovations
    Diffusion of innovations is the process by which new products are spread to members of the target market over time.
  • Innovation diffusion process
    Innovation diffusion process is the spread of new idea from its source of invention or creation to its ultimate users or adopters.
  • Fundamental innovation
    Fundamental innovation is an idea, invention, or discovery that is truly revolutionary in nature such that it stimulates many other innovations or
  • Business Model Innovation
    Business model innovation refers to a business model that revolutionizes how a product is produced, sold, or supported after the sale.
  • Disruptive innovation
    A term to characterize breakthrough innovation popularized by Harvard professor Clayton Christensen; usually shakes up or revolutionizes industries with which they are associated even though they often come from totally different origins or industry settings than the industry they “disrupt”.
  • 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.
  • Incremental innovation
    Simple changes or adjustments in existing products, services, or processes.
  • Innovation
    A grand strategy that seeks to reap the premium margins associated with creation and customer acceptance of a new product or service.

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