Skip to main content

Vocabulary Term Details

Innovation

Definition (http://en.wikipedia.org/wiki/Innovation)

Innovation is the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. (Wikipedia)

Preferred Units: N/A

Scope Note:
N/A

Broader TermsNarrower TermsRelated Terms
Technological changes
N/AResearch

This term is used for the following terms: 
N/A

Approved Date
31-Jan-2014

Click here to give feedback on this term or suggest an update.