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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.
Training may be viewed as related to immediate changes in organizational effectiveness via organized instruction, while development is related to the progress of longer-term organizational and employee goals. While training and development technically have differing definitions, the two are oftentimes used interchangeably and/or together.
Innovation management is a combination of the management of innovation processes, and change management. It refers to product , business process , marketing and organizational innovation. Innovation management is the subject of ISO 56000 (formerly 50500) [1] series standards being developed by ISO TC 279 .
Innovation leadership is a philosophy and technique that combines different leadership styles to influence employees to produce creative ideas, products, and services. The key role in the practice of innovation leadership is the innovation leader. [1] Dr. David Gliddon (2006) developed the competency model of innovation leaders and established ...
Research and development. Research and development is directed towards the advancement of technology in general, and therefore includes development of emerging technologies. See also List of countries by research and development spending. Applied research is a form of systematic inquiry involving the practical application of science. It ...
The European Institute of Innovation and Technology ( EIT) is an independent body of the European Union with juridical personality, established in 2008 intended to strengthen Europe's ability to innovate. [1] The EIT’s three “core pillars” of activities are: entrepreneurial education programmes and courses across Europe that transform ...
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