Uuendus on sisuliselt uute teadmiste kasutamine uudsete lahenduste rakendamiseks, mis hõlmab toodete ja teenuste väljatöötamist ning uuendamist, vastavate turgude hõivamist ja laiendamist, uute tootmis-, tarne- ja müügimeetodite loomist ning juurutamist ja uuendusi juhtimises ja töökorralduses ning töötingimuste ja personali oskuste arendamist.
Innovation is essentially the use of new knowledge to implement novel solutions, which includes the development and innovation of products and services, the capture and expansion of relevant markets, the creation and implementation of new production, delivery and sales methods, innovations in management and work organization, and the development of working conditions and personnel skills.
