Why is " innovation " the buzzword for progress? Learn how it signifies breakthroughs in technology, business, and human creativity. 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. The simple definition of innovation in the business context. We also explain which different fields of innovation there are, what types of innovation are happening and the overall meaning . Innovation is the practical application of ideas that result in different types of new offerings, such as ... Innovation is bringing in new ideas, methods, or products that add value and promote progress in various fields. Learn about the key concepts, aspects, types, and traits of innovation , as well as disruptive and financial innovation , with examples and sources.
