what does the word innovations mean
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innovation innovation. 1  something new or different introduced: numerous innovations in the high-school curriculum. 2  the act of innovating; introduction of new things or methods.
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Diffusion of innovations Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. Everett Rogers, a professor of communication studies, popularized the theory in his book Diffusion of Innovations; the book was first published in 1962, and is now in its fifth edition (2003).
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invention (ɪnˈvɛnʃən) n. 1. the act or process of inventing. 2. something that is invented. 3. (Law) patent law the discovery or production of some new or improved process or machine that is both useful and is not obvious to persons skilled in the particular field. 4. creative power or ability; inventive skill.
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THE GALLEY STORY THE GALLEY STORY. Innovation is defined simply as a “new idea, device, or method.” The Galley is all three.
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- The three kinds of innovation are “incremental,” “platform,” and “breakthrough.” Incremental innovation basically means doing what you must to keep a product up to date, and it “plays a necessary role in defending the company’s baseline against competition.” You don’t want to focus exclusively on it, but “many consumer goods companies spend over ...
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Synonyms of ' innovative ' Synonyms of 'innovative'. adjective. novelDictionary, new, originalproducts which are cheaper and more innovative. novel. Staging your own murder mystery party is a novel way to entertain a group of friends. new. a brilliant new invention that puts a world of information at your fingertips.
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Entrepreneurs Answer the Question: 'Why Is Innovation Important' Incremental: Incremental innovation is when companies make small changes to products and services to ensure they keep their spot in the marketplace. Rather than changing the products or services completely, incremental innovation simply builds upon what already exists.
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- Innovation is a pervasive phenomenon, whose effects are often ambivalent, i.e. leading to opposite direction, depending on the goals of the innovator, the technological opportunities as well as the society constraints. In particular, innovation can exert an impact on the following variables: 1  fulfillment of law requests (e.g. about environmental protection), 2  costs (mainly if process innovation), 3  the use of inputs (e.g. energy savings),
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Disruptive Innovation Disruptive innovation, a term of art coined by Clayton Christensen, describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors.raditional doctor’s offices. As companies tend to innovate faster than their customers’ needs evolve, most organizations eventually end up producing products or services that are actually too sophisticated, too expensive, and too complicated for many customers in their market.
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invention Definition of invention. 1  1 : discovery, finding. 2  2 : productive imagination : inventiveness. 3  3a : something invented: such as (1) : a product of the imagination; especially : a false conception (2) : a device, contrivance, or process originated after study and experimentb : a short keyboard composition featuring two- or three-part counterpoint.
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Definitions &Translations Princeton's WordNet (5.00 / 1 vote) Rate this definition: implement (verb) instrumentation (a piece of equipment or tool) used to effect an end. implement (verb) apply in a manner consistent with its purpose or design implement a procedure enforce, implement, apply (verb) ensure observance of laws and rules Apply the rules to everyone;
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How do you Define Innovation and Make it Practical and Saleable to Senior Management? This definition has made innovation more actionable and measurable in business terms and makes it inclusive of “new” offerings and value propositions (new services or products), “new” methods (new technology applications or business processes), and “new” business models (new channels, partners and financial models for capturing value from innovation investments.
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- The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in a new market and later by lowering prices in the existing market.ustaining innovations may be either discontinuous (i.e., transformational or revolutionary) or continuous (i.e., evolutionary). Sustaining innovations are innovations in technology, whereas disruptive innovations cause changes to markets.
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- Innovation is the activity of people and organizations to change themselves and the environment. It means breaking routines and dominant ways of thinking, introducing new things and behaviours, launching new standards.
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How do you Define Innovation and Make it Practical and Saleable to Senior Management? It makes sense why the definition of innovation is still misunderstood. All the experts pointed out that innovation must (a) deliver some positive outcome whether it is tangible value, creation of a new market or a competitive advantage and (b) that the actions required to deliver this value must be new to the company.
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- Disruptive innovation is the introduction of new technologies, products or services in an effort to promote change and gain advantage over the competition. In this context, the word disruptive does not mean to interrupt or cause disorder -- it means to replace. Download this free guide.
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What Does Innovation Mean to You? According to the Merriam-Webster Dictionary, innovation means the introduction of something new . To find out what this means to our inventors, we asked some of them, “What does innovation mean to you?”
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innovation Innovation definition, something new or different introduced: numerous innovations in the high-school curriculum. See more.
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Diffusion of Innovation Definition: Diffusion of Innovation. Diffusion of Innovation is a theory that explains how over a period of time, an idea or a product offering gains popularity or diffuses through social system & culture. The final result of diffusion is that the people accept the new idea or product after some time.
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Innovate on Purpose An innovation is a new idea that is put into valuable or profitable action. An innovation can be created by an inventor who then licenses her invention to others to commercialize, or commercializes the concept herself as a small business person-in this case as an entrepreneur.nother thing-having been a founder in a start-up, most entrepreneurs don't need or want a lot of help from an innovation perspective. They are betting the farm on their one great idea. For them, its all a matter of execution to bring that one idea to life, and then successfully scaling that idea.
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The Best Definition of Innovation If you must use the word, here is the best definition: Innovation is significant positive change. It’s a result. It’s an outcome. It’s something you work towards achieving on a project. If you are successful at solving important problems, peers you respect will call your work innovative and you an innovator. Let them choose the word.
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- But there's often a misconception that being innovative means generating a lot of new ideas. Innovation goes beyond just coming up with new ideas. The foundational key to success in becoming an innovative company is to create a culture of innovation—an environment that encourages creative ideas and innovation on an ongoing basis. If you seriously want your business to innovate, you have to establish innovation as a strategic imperative.
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innovation In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers. In a social context, innovation helps create new methods for alliance creation, joint venturing, flexible work hours, and creation of buyers ' purchasing power.
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implementation Implementation is the noun form of the verb implement, or to carry out or accomplish, and you’ll often see it used in reference to a government plan or act. Use this word to describe the process of turning formal plans — often very detailed conceptual plans that will affect many — into reality. For example, the implementation of new parking fees means everyone has to put more money in the parking meters. Definitions of implementation.
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- Innovation is a new idea, more effective device or process. Innovation can be viewed as the application of better solutions that meet new requirements, inarticulated needs, or existing market needs.eter Drucker wrote that Innovation is the specific function of entrepreneurship, whether in an existing business, a public service institution, or a new venture started by a lone individual in the family kitchen.
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Endangered Florida Scrub-Jays Need Nearby Habitat The main threat to this brash, attractive, blue-and-gray bird is its unwillingness to stray from its unique scrub habitat in central Florida. Most of the jays live their entire lives on a single patch of scrub, rarely venturing out over unfamiliar habitat even if more suitable habitat is just a few miles away.