What is the definition of innovation?

The definition of innovation is best captured by the idea that it involves the process of taking a creation and turning it into something that has significant value or is profitable. This captures the essence of innovation, which is not only about creating something new but also ensuring that the new creation serves a purpose and offers value, whether that be in a commercial sense or by providing a solution to a problem.

This perspective aligns well with contemporary understandings of innovation in business and technology, where ideas must be practical and viable in the market. It emphasizes the importance of translating creativity into actionable results that are beneficial in real-world contexts. Successful innovations often lead to new products, services, or processes that improve efficiency, enhance customer satisfaction, or create new markets.

The other options touch on aspects of creativity and existing techniques, but they do not fully encompass the broader scope of innovation, particularly its focus on value and profitability. Options that focus solely on revamping techniques, producing creative works, or bringing together creative ideas do not capture the vital component of transforming these ideas into valuable outcomes.