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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.

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Innovation Types

Process InnovationSocial InnovationOpen InnovationIncremental InnovationDisruptive InnovationProduct InnovationBusiness Model InnovationGreen Innovation

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