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.
â¢ Product innovation. : 1  the introduction of a new product, or a signifÂ­. icant qualitative change in an existing product. â¢ 2  Process innovation. : 3  the introduction of a new process for making. or delivering goods and services. Some authors have emphasized a third category of innovation, that of.