INNOVATION
Innovation
Innovation is the application of better solutions that meet new requirements, inarticulated needs, or existing market needs. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. The term innovation can be defined as something original and, as consequence, new that "breaks in to" the market or into society. One usually associates to new phenomena that are important in some way. A definition of the term, in line with these aspects, would be the following: "An innovation is something original, new, and important - in whatever field - that breaks ...The above text is a snippet from Wikipedia: Innovation
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innovation
Noun
- The act of innovating; the 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.
The above text is a snippet from Wiktionary: innovation
and as such is available under the Creative Commons Attribution/Share-Alike License.