"Creativity is a talent we are all born with. But it needs practice to stay vibrant and grow."
Sunday 27 September 2009
THE MEANING OF INNOVATION
Innovation refers to a new way of doing something. It may refer to incremental and emergent or radical and revolutionary changes in thinking, products, processes, or organizations. Following Schumpeter (1934), contributors to the scholarly literature on innovation typically distinguish between invention, an idea made manifest, and innovation, ideas applied successfully in practice. In many fields, something new must be substantially different to be innovative, not an insignificant change, e.g., in the arts, economics, business and government policy. In economics the change must increase value, customer value, or producer value. The goal of innovation is positive change, to make someone or something better. Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.
Posted by hanim fatehah at 08:05 0 comments
Posted by hanim fatehah at 08:02 0 comments