Innovation
From The Art and Popular Culture Encyclopedia
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Innovation is the development of new values through solutions that meet new requirements, inarticulate needs, or old customer and market needs in value adding new ways.
This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments, and society.
Innovation differs from invention in that innovation refers to the use of a better and, as a result, novel idea or method, whereas invention refers more directly to the creation of the idea or method itself.
Innovation differs from improvement in that innovation refers to the notion of doing something different rather than doing the same thing better.
Etymology
The word innovation derives from the Latin word innovates, which is the noun form of innovare "to renew or change," stemming from in—"into" + novus—"new".
See also
- Business clusters
- Chain-linked model
- Communities of innovation
- Creative competitive intelligence
- Creative destruction
- Creative problem solving
- Theories of technology
- Deployment
- Diffusion (anthropology)
- Ecoinnovation
- Emerging technologies
- List of countries by research and development spending
- List of emerging technologies
- List of Russian inventors
- Hype cycle
- Individual capital
- Induced innovation
- Information revolution
- Ingenuity
- Invention
- Innovation Economics
- Innovation leadership
- Innovation Saturation
- Innovation system
- Global Innovation Index (Boston Consulting Group)
- Global Innovation Index (INSEAD)
- Knowledge economy
- Metropolitan economy
- Multiple discovery
- Open Innovation
- Patent
- Pro-innovation bias
- Public domain
- Research
- Technology Life Cycle
- Technological innovation system
- Timeline of historic inventions
- Toolkits for User Innovation
- User innovation
- Value network