Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.
Innovation often takes place through the development of more-effective products, processes, services, technologies, art works
or business models that innovators make available to markets, governments and society. Innovation is related to, but not the same as, invention: innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations require a new invention.Technical innovation often manifests itself via the engineering process when the problem being solved is of a technical or scientific nature. The opposite of innovation is exnovation.
Executive Diploma in Strategy and Innovation by MTF Institute
What you will learn:
✅ Introduction to business strategy and its essence, elements
✅Types of strategies, tactics of business development
✅SWOT analysis
✅Balanced scorecard
✅Value chain strategic analysis, the BCG growth-share...
Executive Diploma of Vice President / Chief Innovation Officer by MTF Institute
What you will learn:
✅ The essence of corporate entrepreneurship
✅Difference between entrepreneurship and intrapreneurship, types and examples
✅Challenges of corporate entrepreneurship
✅Types of intrapreneurs in...