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NEW PRODUCTS (IN CONTEXT OF INNOVATION)

Statistics Directorate    
Definition:
New products are goods and services that differ significantly in their characteristics or intended uses from products previously produced by the firm.

Context:
The first microprocessors and digital cameras were examples of new products using new technologies. The first portable MP3 player, which combined existing software standards with miniaturised hard drive technology, was a new product combining existing technologies.

Source Publication:
OECD, 2005, “The Measurement of Scientific and Technological Activities: Guidelines for Collecting and Interpreting Innovation Data: Oslo Manual, Third Edition” prepared by the Working Party of National Experts on Scientific and Technology Indicators, OECD, Paris, para. 158.

Statistical Theme: Science and technology statistics

Created on Friday, September 9, 2005