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Topics: Change Management, Consulting, Innovation
What is your definition of innovation?
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Innovation has become a widely used term but interpreted differently by many people..

Webster's Dictionary states:
"The act or process of introducing new ideas, devices, or methods."

Wikipedia states:
"While a novel device is often described as an innovation, in economics, management science, and other fields of practice and analysis, innovation is generally considered to be the result of a process that brings together various novel ideas in a way that they have an impact on society."

I see innovation as not only the generation of an idea or process but the implementation of the idea in a way that creates value. What is your definition of innovation?
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Network:1758



The way I learned is to contrast with Invention. While invention is to create something new, innovation is to bring together existing stuff in a manner to bring about a new result (product, service etc.)
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1 reply by Mark Curcio
Apr 21, 2016 3:48 PM
Mark Curcio
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Samuel, this is an excellent contrast.
Network:1855



Do not reinvent the wheel, make it better for your organizational needs.
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1 reply by Mark Curcio
Apr 21, 2016 3:53 PM
Mark Curcio
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Thank you Sergio, I agree that effective and efficient process improvement is where operating margins are improved in the day to day business of an organization.
Network:556



Do things in different way to get desired results.
invention is as you said - new thing on the horizon
innovation - looking differently at the horizon
Network:729



Improvements or improvisation to a product, process or services that are functional with tangible benefits
Network:100150



Innovation is often the juxtaposition of two things previously separate and unrelated to come up with a new use or market. A good example would the use of inexpensive radar devices with smart phones:
http://www.techrepublic.com/article/the-po...1&bhid=14383644
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1 reply by Mark Curcio
Apr 21, 2016 3:50 PM
Mark Curcio
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Stephane: I believe your definition is a viewpoint shared with Peter Drucker.. Thanks for the article link, must admit I've never heard of the Wallabot.
Network:756



Apr 20, 2016 11:25 AM
Replying to Samuel Vaddi
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The way I learned is to contrast with Invention. While invention is to create something new, innovation is to bring together existing stuff in a manner to bring about a new result (product, service etc.)
Samuel, this is an excellent contrast.
Network:756



Apr 21, 2016 8:32 AM
Replying to Stéphane Parent
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Innovation is often the juxtaposition of two things previously separate and unrelated to come up with a new use or market. A good example would the use of inexpensive radar devices with smart phones:
http://www.techrepublic.com/article/the-po...1&bhid=14383644
Stephane: I believe your definition is a viewpoint shared with Peter Drucker.. Thanks for the article link, must admit I've never heard of the Wallabot.
Network:756



Apr 20, 2016 11:30 AM
Replying to Sergio Luis Conte
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Do not reinvent the wheel, make it better for your organizational needs.
Thank you Sergio, I agree that effective and efficient process improvement is where operating margins are improved in the day to day business of an organization.

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