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.

According to Marketing Management by Keller and Kotler (15th edition),

Innovation. Any good, service, or idea that is perceived by someone as new.

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