Get definitions for some of the most common innovation terms in this list below.
An interview is a structured conversation where questions are asked to elicit information for assessment and decision-making purposes.
Intrapreneurship: The practice of fostering entrepreneurial behavior within an organization to drive innovation and business growth.
Internal Innovation: Internal development of novel ideas, processes, or products to enhance a company's operations and market position.
Interdisciplinary: integrating knowledge from different disciplines to advance understanding or solve complex problems.
Intelligence: The ability to learn, understand, and apply knowledge to enhance decision-making and solve problems creatively.
Integrative Thinking: The ability to resolve complex problems by synthesizing diverse, opposing ideas into a cohesive and innovative solution.
Integrated Innovation: A strategy combining diverse innovation types—product, process, and business model—for holistic value creation.
Intangible Assets are non-physical resources that add value to a company, such as intellectual property, brand equity, or know-how.
Integration: The process of combining systems, processes, or organizations to work more effectively as a unified whole.
Institutions are established societal norms and structures guiding behavior, innovation, and economic activity.
Innovator's Dilemma: Conflict firms face when new tech disrupts their successful products, challenging existing business models.
Innovative Solutions: Novel and effective methods or products that address existing challenges in unique ways, enhancing value and efficiency.
Innovative culture fosters creativity and embraces change, driving continual invention and improvement within an organization.
Innovator: An individual or entity that introduces new ideas, products, or methods to drive progress and create value.
Innovative companies consistently integrate novel ideas and technologies to create market-leading products or services.
Innovation Workshops: Interactive sessions fostering creativity and problem-solving to generate actionable business innovations.
Innovation Velocity: The speed at which new ideas are generated, developed, and turned into valuable products or services.
The Innovation Value Chain is a model outlining the sequential steps from idea generation to diffusion, driving value through innovation.
Innovation Types refer to categories classifying changes in products, processes, or business models based on novelty and impact.
Innovation Training: Programs that enhance skills for creating and implementing new, value-driven ideas within an organization.
Innovation trends are prevailing advancements influencing current and future business landscapes and practices.
Innovation Theory explores how and why new ideas translate into societal, technological, and business advancements.
Innovation tools are methods and resources designed to foster creativity and facilitate the generation and implementation of new ideas.
Innovation techniques are structured methods to generate and implement novel ideas in pursuit of solving problems or seizing opportunities.
Innovation Theater refers to superficial activities that give the illusion of progressive innovation without leading to real business impact.
Innovation stakeholders are key individuals or groups that impact or are impacted by the innovation process within an organization.
Innovation Self-Assessment: A tool to evaluate an organization's innovation capabilities and identify areas for improvement.
Innovation Roles are key positions in an organization dedicated to driving and managing the innovation process.
An Innovation Roadmap is a strategic plan outlining the steps to evolve ideas into marketable solutions, aligning with business goals.
Innovation ROI is the financial return from investments in new methods, products, or ideas, relative to the costs of the innovation.
Innovation Purpose is the 'why' driving change, framing the value and intent behind novel solutions to meet goals and solve challenges.
Innovation Resources are the assets, talent, and capital designated for developing novel value-creating solutions.
Innovation Radar: A tool to identify and visualize the maturity and business potential of new technologies and emerging innovations.
Innovation Projects: Initiatives focused on creating novel products, services, or processes that deliver significant value or improvement.
An innovation program is a structured plan within an organization to foster new ideas, projects, and culture that drive business growth.
Innovation Professionals are experts skilled in creating and implementing novel solutions within organizations to drive growth and value.
The innovation process is a series of steps for translating ideas into marketable products, services, or methods that drive value creation.
Innovation Policy is a strategic framework that governs the support and regulation of new ideas, products, or methods.
Innovation platforms are digital ecosystems that facilitate idea exchange, collaboration, and resource integration for novel solutions.
Innovation objectives are specific goals that guide the creation and implementation of new value in a business context.
An "Innovation Network" is a web of entities collaborating to foster novel ideas and advance new products or services.
Innovation methodologies are structured approaches to generate and implement new ideas effectively within businesses.
An innovation model is a framework that guides the generation, development, and implementation of new ideas within an organization.
Innovation Myths are false beliefs that hinder the understanding and execution of effective innovation strategies in organizations.
Innovation Leaders: Individuals driving organizational change through pioneering strategies and creative solutions.
Innovation Management is the process of steering creative endeavors to align with organizational objectives and market success.
Innovation Lessons: Key takeaways from past initiatives that inform and improve future innovation processes and strategies.
Innovation-led growth is business expansion driven by the strategic implementation of novel ideas and solutions.
Innovation Leadership: Guiding and inspiring teams to foster novel ideas and drive transformative change.
Innovation Jobs: Roles focused on creating and implementing novel solutions within organizations to drive growth and competitive advantage.
Innovation investment is the allocation of resources to develop new products, processes, or services enhancing competitive advantage.
Innovation Initiatives are structured activities aimed at generating new value through novel solutions or improvements in products/processes.
Innovation Index measures a firm's or country's capacity for and success in innovation.
Innovation History is the chronological study of transformative ideas, products, and processes that have shaped industries and society.
Innovation Impact is the measure of change created by novel solutions on markets, society, and organizational growth.
Innovation goals are specific targets set to guide the creation and implementation of novel value-driving solutions within a business.
An Innovation Funnel is a mechanism to filter ideas from concept to launch, prioritizing resources for high potential innovations.
Innovation Funding is financial capital provided to support the development and scaling of novel products, services, or processes.
Innovation frameworks are structured guidelines used to steer the process of ideating, developing, and implementing new solutions.
Innovation failures are unsuccessful attempts to bring new ideas to market, often leading to valuable lessons and future improvement.
Innovation failure: When an attempt to create value through novelty does not meet desired outcomes, lacking adoption or commercial success.
Innovation Expertise: Skill in creating novel value by realizing new ideas that meet emerging needs or solve complex challenges.
Innovation drivers are key factors that stimulate the development and implementation of new ideas, products, or processes in a company.
Innovation Cycles: Iterative phases of ideation, development, and implementation leading to continuous improvement of products/services.
Innovation Consultancy: Advisory service that guides firms in generating and implementing novel solutions to enhance growth and efficiency.
Innovation Champions are pivotal personnel who advocate and drive innovation within an organization.
Innovation Challenges are organized contests aimed at solving specific problems through creative ideas and novel solutions.
Innovation Capability Assessment: Evaluation of a company’s ability to foster and manage innovation across processes, resources, and culture.
Innovation capabilities are the skills and assets a company leverages to develop novel products, services, or processes.
An Innovation Budget is allocated funds for exploring new ideas, products, or processes within a company to drive growth and efficiency.
Innovation benefits are the measurable value gains from novel solutions that meet new requirements or existing market needs.
Innovation Barriers are obstacles that hinder the progress and implementation of new ideas within a company or market.
Innovation Ambition refers to an organization's aspirational goal to advance and implement pioneering ideas that drive transformation.
Innovation agility is the ability to rapidly adapt and evolve business models and products in response to changing market demands.
An initiative is a strategic action to drive change and achieve business goals.
Innovation activities are tasks and processes aimed at developing new products, services, or improvements to drive business growth.
Innovation Accounting: Measuring and valuing progress in novel initiatives outside traditional financial metrics.
Inertia: A tendency to do nothing or remain unchanged, often hindering innovation and adaptability in business contexts.
ICE Rating is a prioritization tool assessing Ideas, their Consequences, and Ease of implementation to prioritize projects or features.
Influence: The capacity to affect others' behavior, development, or decision-making.
Industry trends are prevailing developments that influence a sector's future direction.
Industry Innovation is the process of creating and applying new ideas to drive growth, efficiency, and competitive advantage within a sector.
Industry Experts are seasoned professionals with deep insights and specialized knowledge in a specific industry sector.
Improvisation: The art of spontaneously creating novel solutions or adapting to change without prior planning in dynamic environments.
Immersion: Deep mental involvement in a task or environment, enhancing focus and creativity.
Incubators nurture startups with resources and support to accelerate growth and success.
Imagination is the ability to form new ideas beyond current reality's constraints.
IDEO: A global design company pioneering in human-centered design, creativity, and innovation consultancy.
Ideation software is a digital tool for generating, capturing, and collaborating on ideas within organizational innovation processes.
Ideation: The creative process of generating, developing, and communicating new ideas.
An Idea Process is a systematic approach to generating, developing, and evaluating ideas for innovation within an organization.
Idea validation is the process of testing a concept to assess its potential for success and feasibility in the market.
Idea Development: An iterative process to refine, test, and enhance an idea's viability, feasibility, and desirability for market success.
Idea tools are software or methodologies designed to facilitate ideation and creativity in business innovation processes.
Idea Campaigns are structured initiatives for generating targeted, actionable solutions within an organization.
Hypotheses are testable predictions guiding validation in the innovation process.
IBM is a multinational tech company known for IT services, hardware, and software innovation, including AI, cloud computing, and more.
How to Innovate refers to the process of applying creative ideas to create valuable new products, services, or processes.
The Hype Cycle is a graphical depiction of a common pattern that arises with each new technology or innovation's life cycle.
A Hybrid Model combines various elements from different methods or systems to leverage diverse strengths and adaptability in a business context.
