Transcription of Definitions Innovation, R&D
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Definitions Innovation, R&D
Compiled by: Rajnish Tiwari Feb. 2008 Hamburg University of Technology (TUHH) Research Project Global innovation Box 1: Defining innovation Defining innovation (Based on Oslo Manual , 3rd edition, 2005) An innovation is the implementation of a new or significantly improved product (good or service), or process, a new marketing method, or a new organizational method in business practices, workplace organization or external relations. The minimum requirement for an innovation is that the product, process, marketing method or organizational method must be new (or significantly improved) to the firm. innovation activities are all scientific, technological, organizational, financial and commercial steps which actually, or are intended to, lead to the implementation ofinnovations. innovation activities also include R&D that is not directly related to the development of a specific innovation .
Compiled by: Rajnish Tiwari Feb. 2008 Hamburg University of Technology (TUHH) Research Project Global Innovation http://www.global-innovation.net
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