Innovation
hideThe term innovation refers to a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations. A distinction is typically made between invention, an idea made manifest, and innovation, ideas applied successfully. (Mckeown 2008) 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.
Innovation is an important topic in the study of economics, business, design, technology, sociology, and engineering. Colloquially, the word "innovation" is often synonymous with the output of the process. However, economists tend to focus on the process itself, from the origination of an idea to its transformation into something useful, to its implementation; and on the system within which the process of innovation unfolds. Since innovation is also considered a major driver of the economy, especially when it leads to increasing productivity, the factors that lead to innovation are also considered to be critical to policy makers.
Those who are directly responsible for application of the innovation are often called pioneers in their field, whether they are individuals or organisations.
For more information about Innovation, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with innovation
Grant to help zoo visitors learn more about science with their cell phones
Nov 30, 2009 |
not rated yet |
0
Zoo visitors may soon use their cell phones to "Call the Wild" as part of a project led by University of Florida researchers to help the public learn more about the nature of science.
Search results for innovation
Calif. requires TVs to be more energy-efficient (Update)
Nov 18, 2009 |
5 / 5 (2) |
1
(AP) -- California regulators adopted the nation's first energy-efficiency standards for televisions Wednesday in hopes of reducing electricity use at a time when millions of American households are switching ...
Innovation puts next-generation solar cells on the horizon
Dec 01, 2009 |
4.3 / 5 (30) |
12
In a world first, a Monash University-led international research team has developed an innovative way to boost the output of the next generation of solar cells.
A mobile phone or an MP3 player tells if you're sleeping soundly
Nov 19, 2009 |
4 / 5 (1) |
0
Finnish researcher Väinö Virtanen has developed a method for analysing snoring sounds by using a PC with a microphone connection and a wireless microphone. The objective was to create an application that could be used ...
Adobe founders bound together by friendship as well as profits
5 hours ago |
not rated yet |
0
I can't imagine there is any more room for awards on the mantels at John Warnock's and Chuck Geschke's homes. The Adobe co-founders have been honored by trade groups, engineering societies, magazines and universities. But ...
Simple test could offer cheap solution to detecting landmines
Nov 16, 2009 |
5 / 5 (6) |
0
Scientists have developed a simple, cheap, accurate test to find undetected landmines.
Google buys online collaboration startup
Dec 05, 2009 |
not rated yet |
0
Online collaboration startup AppJet said that Google is buying the San Francisco firm and merging its technology with an innovation Wave communication platform the Internet giant is creating.
Highlight: Solar - Bridging the gap
4 hours ago |
1 / 5 (1) |
0
(PhysOrg.com) -- Titanium dioxide, the same inexpensive white pigment that protects us from sunburns, can be converted into a material that absorbs sunlight and could greatly increase the efficiency of solar energy cells.
Extra pores on plants could ease global warming: Japan study
5 hours ago |
1 / 5 (2) |
3
Japanese researchers said Thursday they had found a way to make plant leaves absorb more carbon dioxide in an innovation that may one day help ease global warming and boost food production.
The missionary doctor
Nov 10, 2009 |
not rated yet |
0
(PhysOrg.com) -- Dr. Kenneth Chang has built one of the nation's finest digestive disease centers for UC Irvine Healthcare with a drive and passion inspired by doctors he assisted in a poor Taiwanese fishing ...
Intel Offers Developer Kit For Future Atom Processor Netbook Apps
Dec 03, 2009 |
5 / 5 (1) |
0
Intel Corporation has made its beta version of the Intel Atom Developer Program Software Development Kit (SDK) available for Microsoft Windows and Moblin operating systems developers. The kit helps software companies and ...
List of search results for innovation
