Definition of Innovation Team

A team within a company that is assigned with rapidly creating new products and services.

Example: The innovation team was tasked with creating a new product by the end of the year. It was not a fully baked product but a proof of concept to see if customers would be interested.

Usage of "Innovation Team" by Country

Business English is used in many different countries around the world. Some of the words and phrases listed on this site will be understood everywhere Business English is used, but some words and phrases are only used in specific countries. The map below shows where "Innovation Team" is most commonly used.

Trending Words

Check out the list below for the trending words that people are searching for on this site.

Bidding War
Hiring Manager
Horse Trading

Newest Words

Check out the list below for the latest words and phrases added to this site.

Non-Regrettable Exit
Smack My Head Moment
Special Sauce

About This Site

Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.

On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.

Word of the Day

Date: 09/25/2021

Word: Close It Out

Definition: To mark something as completed.

Example: This task has been fixed, so let's close it out within the task tracker.