innovation

5 definitions • 12 examples

a new idea or method:

Another innovation for the Olympics was sprint suits for runners.

Technological innovations have allowed for drilling with less disturbance to the environment.

the latest innovations in computer technology

the creating and use of new ideas or methods:

He says he wants to stimulate creativity and innovation.

Business leaders are blaming high taxes for stifling economic success and innovation.

a new idea or method, or the use of new ideas and methods:

[ U ] The recording industry is driven by constant innovation.

[ C ] His latest innovation is a theater company that will perform for schools.

a new idea, design, product, etc.:

innovations in sth recent innovations in technology

Product innovations lead to an increase in effective demand which encourages an increase in investment and employment.

the development of new products, designs, or ideas:

He says universities should work with the private sector to foster innovation and entrepreneurship.

financial/organizational/technological innovation

Their success lies in combining an effective innovation process with superior product concept.