Page 7 - TECOFASH

CHAPTER 1

3.1 WHAT IS INNOVATION?
definition

O3-A1: Intergenerational approach and collaborative training guidelines
The term "innovation" finds its roots in the Latin verb "innovare," which means
As a first step partners will develop the methodology for an intergenerational approach as chosen to
to renew. Essentially, its core meaning remains unchanged to this day.
deliver the training. The aim of this output is to create long term relationships between an
Innovation involves enhancing or substituting something, be it a process,
product, or service. Nevertheless, within the intricate realm of business, a
entrepreneur, responsible for running a retail business and a youth, who will help them introduce
precise definition is required.
sustainable changes to the business. In order to reach this objective, a framework for the

collaboration will be developed. The relationship will be be voluntary and included as such in the
framework but encouraged in order to maximise participation in the training activity and further
Innovation is a process by which a domain, a product,
apprenticeship programmes. Partners will explore existing suitable frameworks that can be used in
or a service is renewed and brought up to date by
the RETAIL project. In addition, partners will seek involvement of relevant networks to increase the
applying new processes, introducing new techniques, or
project scope. For instance, DCC is a member of the Enterprise Europe Network with EASME
establishing successful ideas to create new value.
actively encouraging members to collaborate and engage with all relevant EU projects. Partner will

also explore other relevant programmes such as mobility programmes (Erasmus+, Erasmus for

young entrepreneurs), etc. From this work, a methodological report will be issued.
The creation of value is a defining characteristic of innovation. Innovation
occurs when a given solution has never been applied before, at least on a
company-wide scale. Innovations are of paramount importance for
increasing production and efficiency. Innovations are of paramount

importance for increasing production and efficiency.