What does it mean innovation?

Answer 1

Innovation is the introduction of new ideas, goods, services, and practices which are intended to be useful to create a better world =D

Answer 2

in·no·va·tion [ìnnə váy sh’n]
(plural in·no·va·tions)
n
1. origination: the act or process of inventing or introducing something new
2. new idea or method: something newly invented or a new way of doing things
suspicious of fax machines and other technological innovations

Encarta ® World English Dictionary © & (P) 1998-2004 Microsoft Corporation. All rights reserved.

Answer 3

Joseph Schumpeter gave this definition in his "Theory of Economic Development":

This concept includes five cases: (1) Introduction of a new good, or a new quality of an existing good, (2) Introduction of a new method of production, which is not necessarily founded on a new scientific discovery, but may consist of a new form of commercial handling of the good, (3) Opening a new market, regardless of whether it existed before, (4) Discovering a new source of factors of production, again, regardless of whether it existed before, and (5) Changing the organization of an industry, for example, achieving monopoly position or breaking someone else's monopoly position.

Answer 4

in·no·va·tion Audio pronunciation of "innovation" ( P ) Pronunciation Key (n-vshn)
n.

1. The act of introducing something new.
2. Something newly introduced.

Answer 5

1. the process of making improvements by introducing something new
2. the act of introducing something new: something newly introduced (The American Heritage Dictionary).
3. the introduction of something new. (Merriam-Webster Online)
4. a new idea, method or device. (Merriam-Webster Online)
5. the successful exploitation of new ideas (Dept of Trade and Industry, UK).
6. change that creates a new dimension of performance Peter Drucker (Hesselbein, 2002)

Answer 6

1. the process of making improvements by introducing something new
2. the act of introducing something new: something newly introduced (The American Heritage Dictionary).
3. the introduction of something new. (Merriam-Webster Online)
4. a new idea, method or device. (Merriam-Webster Online)
5. the successful exploitation of new ideas (Dept of Trade and Industry, UK).
6. change that creates a new dimension of performance Peter Drucker (Hesselbein, 2002)

Answer 7

Innovation:
A creation (a new device or process) resulting from study and experimentation.
The creation of something in the mind.
The act of starting something for the first time; introducing something new.

Answer 8

Origination - the act or process of inventing or introducing something new

Answer 9

in·no·va·tion
The act of introducing something new.
Something newly introduced.

Answer 10

being creative.