Innovation Management for Global Competitiviness: Difference between revisions

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(+ definition w:Innovation economics)
(linking to 30+ definitions of innovation by freshconsulting.com)
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* '''[[w:Innovation|Innovation]]''' is a new idea, device or process.  Innovation can be viewed as the application of better solutions that meet new requirements, inarticulated needs, or existing market needs. This is accomplished through more effective [[w:product (business)|product]]s, [[w:Procedure (term)|processes]], [[w:Service (economics)|service]]s, [[w:technologies|technologies]], or [[w:idea|idea]]s that are readily available to [[w:Market (economics)|market]]s, [[w:government|government]]s and [[w:society|society]]. ( Wikipedia )
* '''[[w:Innovation|Innovation]]''' is a new idea, device or process.  Innovation can be viewed as the application of better solutions that meet new requirements, inarticulated needs, or existing market needs. This is accomplished through more effective [[w:product (business)|product]]s, [[w:Procedure (term)|processes]], [[w:Service (economics)|service]]s, [[w:technologies|technologies]], or [[w:idea|idea]]s that are readily available to [[w:Market (economics)|market]]s, [[w:government|government]]s and [[w:society|society]]. ( Wikipedia )
* '''[http://www.freshconsulting.com/what-is-innovation 30+ definitions of innovation by freshconsulting.com]'''


* '''[[w:Innovation management|Innovation management]]''' is the [[w:management|management]] of [[w:innovation|innovation]] processes. It refers both to [[w:product|product]] and [[w:organization|organization]]al innovation.
* '''[[w:Innovation management|Innovation management]]''' is the [[w:management|management]] of [[w:innovation|innovation]] processes. It refers both to [[w:product|product]] and [[w:organization|organization]]al innovation.

Revision as of 09:04, 22 January 2015

Innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of processes and goals. Innovation management allows the organization to respond to external or internal opportunities, and use its creativity to introduce new ideas, proceses or products. It is not relegated to R&D; it involves workers at every level in contributing creatively to a company's product development, manufacturing and marketing. ( Wikipedia )