Rahila Ahmed
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Posted 4 year ago

What is the best definition of innovation?

2 Answer(s)
Mitesh Sharma
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Posted 4 year ago Mitesh Sharma

Innovation is the creation, development and implementation of a new product, process or service, with the aim of improving efficiency, effectiveness or competitive advantage.”

Nikku Yadav
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Posted 4 year ago Nikku Yadav

Innovation is production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of production; and the establishment of new management systems. It is both a process and an outcome.