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. Dive into the world of innovation with insightful definitions and viewpoints. 11 Definitions from Schumpeter to recent academic publications. Definition of innovation noun in Oxford Advanced Learner's Dictionary. Meaning , pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. 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.
