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 |
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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.
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Micromachined piezoelectric harvester drives fully autonomous wireless sensor
19 hours ago |
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For the first time, a piezoelectric harvesting device fabricated by MEMS technology generates a record of 85μW electrical power from vibrations. A wafer level packaging method was developed for robustness. ...
CERN Colour X-ray Technology Set to Save Lives
19 hours ago |
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(PhysOrg.com) -- Medical studies are soon to start with the MARS scanner, a revolutionary CT scanner developed by the University of Canterbury, New Zealand. The scanner, which incorporates technology developed at the world's ...
Helping hands
20 hours ago |
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(PhysOrg.com) -- In capstone project, mechanical engineering students apply innovative and collaborative skills to create a rehab glove that stroke patients can use at home
Muscling in on a mystery protein: Study of brawny pigs reveals key player in the genome
Dec 15, 2009 |
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(PhysOrg.com) -- For thousands of years, humans have bred pigs for desirable traits, such as more muscle and less fat in the meat. Domestication makes animals ideal models for studying how genes control physical ...
Canadian first: The heart in telemonitoring
Dec 15, 2009 |
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The electrophysiology team at the Montreal Heart Institute (MHI) recently performed the first implantation of a new type of cardiac pacemaker (Accent RF) in Canada. This landmark procedure was carried out on October 22, 2009 ...
Researcher studying ways to handle huge quantities of biomass
Dec 14, 2009 |
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(PhysOrg.com) -- As scientists scramble to develop ways to generate enormous amounts of energy from cleaner-burning, renewable fuels to replace coal and oil, promising agricultural crops such as switchgrass ...
ESA's Tigers on prowl for solar corona's secrets
Space & Earth / Space Exploration
Dec 11, 2009 |
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(PhysOrg.com) -- Bring together a small group of highly motivated researchers, grant them full access to laboratory and production facilities, remove all administrative distractions, and let them work intensively ...
Highlight: Solar - Bridging the gap
Dec 10, 2009 |
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(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
Dec 10, 2009 |
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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.
Adobe founders bound together by friendship as well as profits
Dec 10, 2009 |
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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 ...
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