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Innovation definition: An innovation is a new thing or a new method of doing something. | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog
Innovation is the engine of growth. It is also a mindset â meaning it is influenced by beliefs, values, and behavior. Company culture therefore has a huge influence on innovation, being able to either facilitate it or restrain it.Realizing this, many companies have attempted to put systems and processes into place that encourage an innovative culture.hree of these â slogans, incubation and compliance â form an âengineering approachâ to shaping culture. That is, they represent clear, relatively easy-to-implement actions that can be taken to âfixâ the company so that its culture encourages innovation.