Tuesday, 17 January 2012

Innovative products


  1. Product innovation is the creation of new products or the improvement of existing products to meet user needs.

    For instance, “product innovation” could refer to the innovation itself or the process of launching or improving products.

  2. Well said Mr.Abby...i defined product innovation as:

    Development of new products, changes in design of established
    products, or use of new materials or components in manufacture
    of established products.

    In other words, anything which is new to the business and its product range is counted as innovation, even if similar products are available elsewhere or if the change is an incremental one.