Product Innovation

Definition of Product Innovation

✅  Related keywords: product development, value proposition

📖  What is Product Innovation?

The improvement or novel creation of a product. It could be a brand-new product or an incremental innovation on an existing product. Product innovation usually comprises some form of these 4 stages: opportunity identification, concept refinement, product development and testing, and market launch.

Explore related definitions

More innovation terms explained.

Join Live Webinar "Six Secrets to Successful Idea Generation" - Thursday, February 25th at 7.00pm CET
Join Live Webinar "Six Secrets to Successful Idea Generation" - Thursday, February 25th at 7:00pm CET

Your account has been created!

NO RESOURCES YET
Placeholder

Add your first resource by clicking on any collect button.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Add "Item"
Add Item

Collections are a way to save and organize resources. Many people use collections to save inspiration for future use or for inspiration. You can create as many collections as you like.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.