Exnovation

In commerce and management, exnovation, an opposite of innovation, can occur when products and processes that have been tested and confirmed to be best-in-class are standardized to ensure that they are not innovated further. Companies that have followed exnovation as a strategy  to improve organizational performance include General Electric, Ford Motor Company and American Airlines.

One of the earliest usages of the term came in 1981, when John Kimberly referred to "removal of innovation from an organisation". In 1996 A. Sandeep provided the modern definition of exnovation as the philosophy of not innovating – in other words, ensuring that best-in-class entities are not innovated further. Since then "exnovation" has become a notable parlance in various practices, from management to medicine.

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Category:Business terms
Category:Innovation