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 technological innovation
Study finds patent systems may discourage innovation
Other Sciences / Social Sciences
Jul 27, 2009 |
4.9 / 5 (19) |
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(PhysOrg.com) -- A new study challenges the traditional view that patents foster innovation, suggesting instead that they may hinder technological progress, economic activity and societal wealth. These results ...
Obama names first US Chief Technology Officer
Apr 19, 2009 |
4 / 5 (3) |
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US President Barack Obama on Saturday named a Harvard-educated Indian-American to the newly created post of Chief Technology Officer in an appointment much-awaited by Silicon Valley.
Wanted: Computer hackers... to help government
Apr 19, 2009 |
4.3 / 5 (4) |
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(AP) -- Wanted: Computer hackers. Federal authorities aren't looking to prosecute them, but to pay them to secure the nation's networks.
Economy may be dim, but technological innovation on the horizon for 2009
Dec 31, 2008 |
3.7 / 5 (11) |
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A recession doesn't mean the death of innovation in the consumer tech industry. Consider 2001. During that recession, Apple Inc. introduced the iPod, Microsoft Corp. rolled out its original Xbox video game console, broadband ...
Search results for technological innovation
Domestic and international influences shape the politics of R&D and innovation
Mar 18, 2009 |
not rated yet |
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In the last three decades, research across the social sciences has made great advances in the political economy of technological change (also called innovation or R&D). There exists a better understanding how domestic institutions ...
American Chemical Society calls on President to address US innovation, competitiveness
Jan 25, 2006 |
3 / 5 (2) |
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President George W. Bush’s State of the Union Address should include discussion of scientific innovation and its impact on U.S. competitiveness, according to E. Ann Nalley, president of the American Chemical Society, the ...
CO2 emission reduction assumptions overly optimistic, says study
Apr 02, 2008 |
3.3 / 5 (15) |
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Reducing global emissions of carbon dioxide this century is going to be more challenging than society has been led to believe, according to a new research commentary article appearing April 3 in Nature.
What caused westward expansion in the United States?
Feb 28, 2008 |
4.2 / 5 (12) |
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Western Expansion during the nineteenth century was an important determinant of geographic distribution and economic activity in the United States today. However, while explanations abound for why the migration occurred– ...
2006 Medal of Technology winners announced
Jul 18, 2007 |
4 / 5 (1) |
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Five people have been identified as winners of the 2006 U.S. National Medals of Technology, which are to be presented during a White House ceremony next week.
ICSU: Widen world's scientific capacities
Sep 14, 2005 |
not rated yet |
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In an unprecedented statement to the U.N. General Assembly, the International Council for Science has urged widening the planet's scientific capacities.
Half in US see another country emerging as world's technological leader
Other Sciences / Social Sciences
Mar 03, 2009 |
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Half of all Americans expect another country to emerge this century as the world's leader in addressing technological challenges that range from the economy to global warming, according to a survey of U.S. public opinion ...
A Futuristic Look Into Playstation Game Play
Electronics / Consumer & Gadgets
Oct 22, 2008 |
3.8 / 5 (25) |
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(PhysOrg.com) -- Tai Chiem, a designer has an eye towards the future. The cylindrical roll-up OLED PSP designed by Chiem is stunning in appearance and looks like a small spotting scope. The innovation within ...
Rice expert calls for coordination in nanotechnology research
Nanotechnology / Bio & Medicine
Oct 31, 2007 |
3.3 / 5 (4) |
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Nanotechnology holds great promise for the future of cancer therapy and water treatment, but concerns about the safety of nanoproducts may limit these important technological developments, Vicki Colvin said today in comments ...
Cutting-edge weapons result of prehistoric experimentation
Other Sciences / Archaeology & Fossils
Jun 10, 2008 |
3.6 / 5 (11) |
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In today's fast-paced, technologically advanced world, people often take the innovation of new technology for granted without giving much thought to the trial-and-error experimentation that makes technology ...
List of search results for technological innovation
