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2006-08-08 14:48:05 · 11 answers · asked by Anonymous in Social Science Economics

11 answers

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

2006-08-08 14:51:57 · answer #1 · answered by Wonderful 2 · 0 0

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.

2006-08-08 21:52:30 · answer #2 · answered by raecheile 2 · 0 0

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.

2006-08-09 17:41:29 · answer #3 · answered by NC 7 · 0 0

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.

2006-08-08 21:52:47 · answer #4 · answered by Caveman 4 · 0 0

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)

2006-08-08 21:52:49 · answer #5 · answered by Rob 4 · 0 0

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)

2006-08-08 21:52:12 · answer #6 · answered by jaimestar64cross 6 · 0 0

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.

2006-08-08 21:51:58 · answer #7 · answered by Zeta 5 · 0 0

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

2006-08-08 21:53:49 · answer #8 · answered by Anonymous · 0 0

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

2006-08-08 21:52:21 · answer #9 · answered by Anonymous · 0 0

being creative.

2006-08-08 21:51:34 · answer #10 · answered by Beautiful Insanity 4 · 0 0

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