Innovation is the introduction of new method or procedure for an existing activity to raise productivity.
Innovation is the introduction of new method or procedure for an existing activity to raise productivity.

Similar Academic definitions quotes:
Other Inovation Is :
- Innovation is the new ideas or solution proposals to the needs of humans which have not been fulfilled to increase their life standards and welfare.
- Innovation is an output (prod-uct, device, theory, etc.) while creativity is seen as a process.
- Innovation is the introduction of something new. This something is further defined as a new idea, method, or device.
- Innovation is the process of making changes to something established by introducing something new.
- Innovation is the commercialization of an enabling technology that provides the customer with new capability.
- Innovation is an idea, practice or object that is perceived as new by an individual or other unit of adoption.
- Innovation is a process for introducing better and new unique solution to meet out the needs and requirement of existing markets.
- Innovation is the transfer of new ideas or the adaptation of new concepts, until the final stage of a product, process or service activity.
- Innovation is a change that makes previous products, services and/or processes ineffective.
- Innovation is implementing new ideas that create value.
- Innovation is adoption and diffusion of a new idea, practice or product aiming at market success.
- Innovation is a process of conceiving or gathering new functionalities or characteristics for a product or production method.
- Innovation is starting the use of new methods in social, cultural and administrative environments to adapt to changing conditions.
- Innovation is the effective application of processes and products new to the organization and designed to benefit it and its stakeholders.
- Innovation is the first use of a new product, process or system in a commercial context.
- Innovation is an economic stimulus and the key factor of scientific and technological progress as well as international competitiveness.
- Innovation is the use of tools and techniques which extend human capability and which are new to an organization.
- Innovation is the introduction of new things, ideas or ways of doing something.
- Innovation is the process of moving an initial invention through research and development to the eventual market introduction.