innovation


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Related to innovation: invention

innovation

noun
1. Something new or different.
2. The act of innovating, or introducing a new product, technology, or method.
References in periodicals archive ?
In 1871, Thomas Edison took the earnings from his first invention and leaped into the "innovation business" by setting up a lab whose sole function was to act as a "hothouse for innovation.
Premier Dalton McGuinty set up the new Ministry of Innovation and Research because he believes that prosperity depends increasingly on our ability to innovate.
This Global Innovation 1000 was then analyzed for statistically-significant relationships between their R & D spending levels and business performance, as evidenced by sales growth, gross profit, operating profit, enterprise profit, market capitalization, and total shareholder return.
The "disruptive innovation theory," first described by Clayton Christensen in the 1997 book The Innovator's Dilemma (see sidebar), holds that organizations have the best chance of creating new growth by bringing disruptive innovations into a marketplace.
True innovation leadership is about more than just the numbers of patents granted.
The Construction Innovation Forum is a non-profit, international organization founded in 1987 to encourage and recognize innovations that have improved the quality or reduce the cost of construction.
An innovation can be a new idea, technique, practice, procedure, or anything that is deemed new by the adopter.
Solid Innovation CEO Craig Fisher states, "Distribution companies with route accounting requirements want a reliable, easy-to-use mobile sales system that allows their customers to pay for product at time of delivery, so they don't have to bill their customers and have outstanding A/R.
FTI is a restructuring specialist that has worked with Enron, World-Com and others guilty of innovation hype.
Then someone comes along with a disruptive innovation that knocks the pegs out from under it.
George Macey, Director of the Northwestern Ontario Technology Centre, Industry Canada's Innovation Summit in Thunder Bay was just what he was waiting for.

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