Innovation

Innovation is the implementation of a new or significantly improved idea, good, service, process or practice which is intended to be useful. Scholars who have studied innovation generally differentiate among four main types of innovation: product innovation, process innovation, organizational innovation, and marketing innovation.

Related Topics:
Product innovation - Process innovation - Organizational innovation - Marketing innovation

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Innovation is an important topic in the study economics, business, sociology, and other social sciences. Since innovation is also considered a major driver of the economy, the factors that lead to innovation are also considered to be critical to policy makers.

Related Topics:
Economics - Business - Sociology - Social sciences

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