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Innovation Lifecycle  
Level
Associate
'Innovation lifecycle' is the process of developing an idea into a finished product or service. This includes coming up with the idea, refiningimproving to be more precise or effective it, creating a prototypeearly sample or model of a product, testing it, and finally launchingstarting or introducing something it to the public.
Context
Business
A business strategista person who plans actions for achieving goals frequently oversees the 'innovation lifecycle,' from idea inceptionbeginning to product launch. They might state, 'Our team has pushed the next-generationthe version that follows the current version smartphone through the innovation lifecycle, readying it for market launch.'

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