Meaning of Innovation (What it is, Concept and Definition)

Innovation it is the action or act of innovating, that is, modifying old customs, manias, legislation, processes, etc; effect of renewal or creation of a novelty.

The concept of innovation is widely used in the business, environmental or even economic context. In this sense, the act of innovating means the need to create different paths or strategies, using the usual means, to achieve a certain objective. To innovate is to invent, whether ideas, processes, tools or services.

The idea of ​​innovation, however, should not be doomed only to the invention of new products, services or technologies, but also the value or concept of a certain thing, such as how to organize a company, by example.

In the business sphere, there are several types of innovation, such as product innovation, marketing innovation, organizational innovation, radical innovation, incremental innovation, and so on.

Currently, innovation can be considered a synonym for adaptation and, so that companies can obtain results and continue in the "battle" in the business market, the innovations are essential for them to mold themselves to the changes taking place in social structures and economical.

Learn more about the meaning of Entrepreneurship.

Tecnologic innovation

Among all the models and types of innovation, technological innovation is one of the most common and present in people's daily lives.

THE tecnologic innovation it is the process of invention, adaptation, change and evolution of current technology, improving and making people's lives or work easier.

Technological innovations have been present in human life since the dawn of humanity, with adaptation and improvement of tools, weapons and utensils that have helped to make life easier for men, whether in domestic life, at work or for their protection.

See too: what is creativity.

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