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What (who) is product innovation - definition
Product innovation
FORM OF INNOVATION
Product innovation is the creation and subsequent introduction of a good or service that is either new, or an improved version of previous goods or services. This is broader than the normally accepted definition of innovation that includes the invention of new products which, in this context, are still considered innovative.
Innovation intermediary
IT BRANCH
Innovation Intermediaries; Open innovation intermediary; Open innovation intermediaries
Innovation Intermediaries is a concept in innovation studies to help understand the role of firms, agencies and individuals that facilitate innovation by providing the bridging, brokering, knowledge transfer necessary to bring together the range of different organisations and knowledge needed to create successful innovation. The term open innovation intermediaries was used for this concept by Henry Chesbrough in his 2006 book as "companies that help other companies implement various facets of open innovation".
Product (category theory)
GENERALIZED OBJECT IN CATEGORY THEORY
Categorical product; Product category theory; Category product
In category theory, the product of two (or more) objects in a category is a notion designed to capture the essence behind constructions in other areas of mathematics such as the Cartesian product of sets, the direct product of groups or rings, and the product of topological spaces. Essentially, the product of a family of objects is the "most general" object which admits a morphism to each of the given objects.
Examples of use of product innovation
1. We weren‘t investing enough in new product innovation.
2. The company has committed more funds to product innovation, gathering key executives from around the world to swap ideas.
3. Avon said with the restructuring it will be able to increase spending on advertising, market research and product innovation.
4. US–based companies are also luring overseas Indians back home to join development teams, helping product innovation.
5. Workshops and case studies examining product innovation and productivity and manufacturing in the community will also be held.