Dictionary entry overview: What does laurel wreath mean? â¢ LAUREL WREATH (noun) The noun LAUREL WREATH has 2 senses: 1. an award for winning a championship or commemorating some other event 2. (antiquity) a wreath of laurel foliage worn on the head as an emblem of victory Familiarity information: LAUREL WREATH used as a noun is rare.
Reverse Innovation â Definition and Examples. Reverse Innovation is the strategy of innovating in emerging (or developing) markets and then distributing/marketing these innovations in developed markets. Many companies are developing products in emerging countries like China and India and then distributing them globally.
Innovation is creating new value and/or capturing value in a new way. Value is the key word, stressing the difference between innovation and invention. The definition is simple, easy to memorize and also good enough to encompass innovation in all the value chain. â Victor Fernandes, Natura. Innovation is something new to your business that fills an untapped customer need. Ideally, the innovation builds a new market.