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Innovation, for its part, can refer to something new or to a change made to an existing product, idea, or field . One might say that the first telephone was an invention, the first cellular telephone either an invention or an innovation, and the first smartphone an innovation. Innovation involves creating fresh ideas, techniques, items, services, or answers that result in meaningful and valuable outcomes . It translates Innovative ideas into tangible outcomes that improve productivity and performance or meet unrecognised requirements. 2 meanings: 1. something newly introduced, such as a new method or device 2. the act of innovating.... Click for more definitions. Innovation is the practical implementation of ideas that result in new or improved goods, services or processes. Learn about different types of innovation , such as sustaining, disruptive and foundational, and see examples from history and current society.
