40 Product Development and Innovation Phrases

40 Product Development and Innovation Phrases

Developing new products or improving existing ones helps companies stay relevant and competitive and meet customers’ changing needs. To achieve this, companies need to focus strongly on product development and innovative ideas beneficial to business. This document will introduce some key phrases related to product development and innovation.


What is product development and innovation?

Product development and innovation both involve making new things for the market, like products or services. Product development is about turning an idea into something real, whether it is sustainable business ideas going through steps like research and testing. It’s making sure the final product meets what the customers want.


On the other hand, innovation is about creating or making something better. It’s finding new ways to resolve problems or improve what’s already there. This can happen inside a company through research or being inspired by customer feedback. So, while product development is about the whole process of creating something new, innovation is more about making improvements or bringing in new ideas to the market.


Product development and innovation phrases



“Innovation distinguishes between a leader and a follower.” – Steve Jobs



“The only way to win is to learn faster than anyone else.” – Eric Ries





“Ideas are easy. Implementation is hard.” – Guy Kawasaki


“Don’t worry about being successful but work toward being significant and the success will naturally follow.” – Oprah Winfrey



“Innovation is taking two things that already exist and putting them together in a new way.” – Tom Freston



“Fail often so you can succeed sooner.” – Tom Kelley





“I never perfected an invention that I did not think about in terms of the service it might give others… I find out what the world needs, then I proceed to invent.” – Thomas Edison


“A good idea is 10% inspiration and 90% perspiration.” – Thomas Edison



“The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg



“The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” – Peter Drucker



“The best way to predict the future is to invent it.” – Alan Kay



“Innovation comes from saying no to 1,000 things to make sure we don’t get on the wrong track or try to do too much.” – Steve Jobs



“Do one thing every day that scares you.” – Eleanor Roosevelt



“Your most unhappy customers are your greatest source of learning.” – Bill Gates



“The way to get started is to quit talking and begin doing.” – Walt Disney



“If at first the idea is not absurd, then there is no hope for it.” – Albert Einstein



“Innovation requires the courage to let go of familiar and embrace the unknown.” – Dara Torres



“The secret of getting ahead is getting started.” –  Mark Twain



“Innovation is the ability to see change as an opportunity, not a threat.” – Steve Jobs



“You can’t solve tomorrow’s problems with yesterday’s solutions.” – Peter Drucker



“A lot of times, people don’t know what they want until you show it to them.” – Steve Jobs



“The greatest accomplishment is not in never falling, but in rising again after you fall.” – Vince Lombardi



“Do what you can with all you have, wherever you are.” – Theodore Roosevelt



“Innovation is the specific instrument of entrepreneurship…the act that endows resources with a new capacity to create wealth.” – Peter



“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” – Albert



“Innovation is the unrelenting drive to break convention and create something new or better.” – Jamie Notter



“Your time is limited, don’t waste it living someone else’s life… Have the courage to follow your heart and intuition.” – Steve Jobs



“If you’re not failing every now and again, it’s a sign you’re not doing anything very innovative.” – Woody Allen



“I have not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison



“Innovation is seeing what everybody has seen and thinking what nobody has thought.” – Dr. Albert Szent-Györgyi



“You don’t learn to walk by following rules. You learn by doing and falling over.” – Richard Branson




“Innovation is the ability to come up with new ideas and turn them into successful products or solutions.” – Jeff Bezos



“There’s a way to do it better – find it.” – Thomas Edison



“The only limits to our realization of tomorrow will be our doubts of today.” – Franklin D. Roosevelt



“Innovation is the mother of necessity, which is the father of invention.” – Henry Petroski



“Creativity is thinking up new things. Innovation is doing new things.” – Theodore Levitt



“To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.” – Albert Einstein



“Innovation is not the domain of just one person, it’s something that we can all be part of.” – Martha Lane Fox



“Innovation is like a jigsaw puzzle. You have to find the right pieces, put them together, and step back and see the picture.” – Larry Page




“Innovation is the heart of our future.” – Bill Gates




What is the quote about change and innovation?

Change and innovation are two of the most powerful catalysts for growth and progress. 

  • “The only way to make sense out of change is to plunge into it, move with it, and join the dance.” – Alan Watt


  • “Innovation distinguishes between a leader and a follower.” – Steve Jobs 


  • “Change is the law of life and those who look only to the past or present are certain to miss the future.” – John F. Kennedy 


  • “New ideas pass through three periods: It can’t be done, it probably can be done, but it’s not worth doing, and I knew it was a good idea all along!” – Arthur C. Clarke 


  • “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” – Peter Drucker



After reading through these 40 product development and innovation phrases, it’s clear that having an innovative mindset is crucial for success. Whether you’re a startup or an established company, constantly pushing the boundaries and coming up with new ideas is what sets you apart from your competitors.

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