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innovation (noun) introduction of new ideas, things, or methods; the idea, method, or thing so introduced.
Innovation is the introduction of new ideas, methods, or things. Research is encouraged for innovations, that is, for getting new ideas, and finding out new ways of doing things. For example, the introduction of a new method for speedy construction of buildings is innovation. Developing alternate building materials which are stronger, more durable, and cheaper than the present building materials is innovation. A new idea, method, etc., are innovations. For example, teleconferencing when it was introduced was an innovation. The mobile phone at the time of its introduction was an innovation. Pilotless planes are an innovation, because it is new.
- The use of artificial satellites for communications is an innovation. Unlike the earlier media of communications, satellite communication is much faster and much clearer.
- No company can stay atop in this competitive world unless it is capable of innovation, and shows something new about its products.