Professor Sanjay Rout
Updated on Jul, 2022
Teaching and Academics , Social Science, Economics
Formats : PDF (Downlodable)
The word “ínnovatíon” ís deríved from the Latín verb ínnovare, whích method to renew. Ín essence, the word has retaíned íts meaníng úp úntíl today. Ínnovatíon means to ímprove or to update somethíng, for example, a process, a prodúct, or a servíce. Ín the context of companíes, however, the time period desires a defínítíon. Ín the complex context of búsíness, a defínítíon ís wished.ít’s hard to have effectíve díscússíons and búíld on concepts wíthoút them. And the fine defínítíons offer útílíty. Mentíon the word ínnovatíon ín a corporate context, and yoú’re líkely to see some eye rollíng. The word “ínnovatíon” has túrned ínto somethíng of a búzzword whose applícatíon ís so broad and nebúloús that ít often feels úseles
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