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The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.
If you are looking for statistical figures, go from the definition to the statistics page.
Innovation
A business innovation is a 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.
Statistics using the definition
Validity of the definition
- Valid
An innovation is a new or significantly improved product (goods or services) brought to market by an enterprise or a new or significantly improved process, a new marketing method, or a new organisational method in business practices, workplace organisation or external relations implemented by an enterprise.
Innovation (product, process, marketing method or organisational method) must be new to the enterprise in question. The developer of the innovation can be the enterprise in question or other enterprises or organisations.
Statistics using the definition
Validity of the definition
- 1 January 2008 - 31 December 2015
Innovation is a new or substantially improved product (good or service) brought to market by an enterprise. Innovations are also defined as new or substantially improved production methods introduced. Innovation may be based on some new technology, a new application of previous technologies or application of new knowledge acquired by an enterprise.
Previous definition: technological innovation, used in the 1996 Innovation Survey.
Statistics using the definition
Validity of the definition
- 1 January 1900 - 31 December 2007
Source organisation
- Tilastokeskus
Related concepts
Jaa