innovation

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Related to Incremental innovation: Disruptive innovation

innovation

noun adaptation, alteration, breaking of precedent, change, change in method, departure, digression, divergence, diversification, exchange of obligations, modernization, modification, mutare, neoterism, new device, new idea, new method, new phase, novare, novelty, radically new measure, revision, revolution, shift, variation

INNOVATION. Change of a thing established for something new.
     2. Innovations are said to be dangerous, as likely to unsettle the common law. Co. Litt. 370, b; Id. 282, b. Certainly no innovations ought to be made by the courts, but as every thing human, is mutable, no legislation can be, or ought to be immutable; changes are required by the alteration of circumstances; amendments, by the imperfections of all human institutions but laws ought never to be changed without great deliberation, and a due consideration of the reasons on which they were founded, as of the circumstances under which they were enacted. Many innovations have been made. in the common law, which philosophy, philanthropy and common sense approve. The destruction of the benefit of clergy; of appeal, in felony; of trial by battle and ordeal; of the right of sanctuary; of the privilege to abjure the realm; of approvement, by which any criminal who could, in a judicial combat, by skill, force or fraud kill his accomplice, secured his own pardon of corruption of blood; of constructive treason; will be sanctioned; by all wise men, and none will desire a return to these barbarisms. The reader is referred to the case of James v. the Commonwealth, 12 Serg. & R. 220, and 225 to 2 Duncan, J., exposes the absurdity of some ancient laws, with much sarcasm.

INNOVATION, Scotch law. The exchange of one obligation for another, so that the second shall come in the place of the first. Bell's Scotch Law Dict. h. t. The same as Novation. (q. v.)

References in periodicals archive ?
It is clear that the loads are grouped into two factors; factor one referring to incremental innovation and factor two, to radical innovation.
Radical and incremental innovation are treated differently in organizations.
Incremental innovations are successfully carried out by organizations whose processes are controlled for efficient production.
For example, organizational capital is particularly important in incremental innovation contexts, while human capital is more important in radical innovation contexts.
H4: Generic agents (GA) collaborate positively to (a) the incremental innovation process (II) and (b) the radical innovation (RI) of a rural business.
The middle ground between disruptive and incremental innovation allows intentional growth and development rather than constant reactions to small shifts in markets and technology.
Given these results and, again, the predominance of incremental innovation in Brazilian industrial firms (Cabral, 1998; IBGE, 2010), which apply "knowledge in use," we formulate the following hypothesis:
New innovative product portfolios are the evidence that innovative generics companies are not only mastering incremental innovation but are also adopting re-innovation in their new strategies.
how much radical or how much incremental the innovation is, it is unquestionable that radical innovation plays a fundamental role in formatting the market and in the market guidelines; however, companies which intend to work in the bottom of the pyramid market cannot "afford the luxury" to disregard the incremental innovation in the products portfolio (Varadarajan, 2009).
For instance, it is quite complicated to measure costs and revenues of incremental innovation project.
Incremental innovation can also be based on achieving cost reductions through better economies of scale and advancement along the learning curve.
The most innovative companies are no longer dabbling with incremental innovation but are rather looking for breakthrough or radical innovations.

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