Definition: Business innovation

Category: R & D - Oslo Manual

New or improved product or business process (or combination thereof) that differs significantly from the firm's previous products or business processes and that has been introduced on the market or brought into use by the firm. http://ec.europa.eu/eurostat/ramon/statmanuals/files/Oslo_manual_2018_en.pdf
Source:
Organization for Economic Cooperation and Development (OECD) and Statistical Office of the European Communities (Eurostat), "Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation", Fourth Edition, Paris, 2018
Created:
Updated: