Innovation page 2
It should be said that innovation usually means change, both in organizational and the economic sense, and therefore any models that seek to understand the phenomenon are necessarily multidisciplinary. In addition to the process and idea, innovation is also described as a practice, approach, system or object which is perceived as new by an individual, group or organization. What is familiar in one context can appear as an innovation in another, as the literature shows.
There are many definitions of innovation. We give some examples here:
‘Innovation – the generation, acceptance and implementation of new ideas, processes, products or services’ (Kanter)
‘We define innovation as the intentional introduction and application within a role, group or organisation of ideas, processes, products or procedures, new to the relevant unit of adoption, designed to significantly benefit the individual, the group, the organisation or wider society.” (West and Farr) |
Why do we need to innovate?
- Like it or not the world is changing and the pace is getting faster.
- If you do not come up with a better idea someone else will.
- Successful innovators gain a leading competitive advantage.
- Good innovation generally aims to make things better.
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