Innovation

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Innovation is a new idea applied to initiating or improving a product, process, or service. Innovation can be considered as creative outcome or the final stage of the three-stage model of creativity.


Definitions

According to Organizational Behavior by Robbins and Judge (17th edition),

Innovation. A new idea applied to initiating or improving a product, process, or service.

According to Management by Robbins and Coulter (14th edition),

Innovation. Taking creative ideas and turning them into useful products or work methods.

Related concepts

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