Difference between revisions of "Innovation"

{{Term|INNOVATION|The creation, development and implementation of a new and useful product, process or service, with the aim of improving efficiency, effectiveness or competitive advantage, converting knowledge and ideas into new benefits. Innovation may apply to different fields, such as products, services, manufacturing processes, managerial processes or the design of an organization. It can also apply, for example, to [[Assessment|assessment]]  methods when the traditional ones are complemented with new ones, such as [[Self-Assessment|self-assessment]]  or [[Peer-to-Peer Assessment|peer-to-peer assessment]]. Innovation is linked to creativity and the creation of new knowledge and ideas, and involves taking those new ideas and converting them into reality and new benefits through invention, research and new product development. <ref>[http://e-learners.com e-learners.com] (14 March 2008), [http://www.digitalstrategy.govt.nz www.digitalstrategy.govt.nz] (14 March 2008), [http://www.wikipedia.org Wikipedia] (17 April 2008), [http://www.krii.com  www.krii.com] (17 April 2008)</ref>}}