innovation
Sign in to savethumb|Thomas Edison with [[phonograph in the late 1870s. Edison was one of the most prolific inventors in history, holding 1,093 U.S. patents in his name.]]
AI overview
Innovation is the process of creating something new or improving existing things, as exemplified by inventors like Thomas Edison who developed groundbreaking inventions such as the phonograph. It matters because it drives progress and creates solutions that can transform how people live and work.
AI-generated from the Wikipedia summary — may contain errors.
Article
34 sectionsContents
- Definition
- Creativity and innovation
- Economics and innovation
- Types
- Sustaining vs disruptive innovation
- Four types of innovation model
- Non-economic innovation
- Open innovation
- User innovation
- History
- Ancient world
- Early modern period
- 20th and 21st centuries
- Process of innovation
- Sources of innovation
- Facilitating innovation
- Goals and failures of innovation
- Organization-internal innovation failures
- Environmental and social innovation failures
- Key qualities of great innovators
- Diffusion
- Measuring innovation
- Organizational-level
- Political-level
- Indicators
- Indices
- Rankings
- Rate of innovation
- Innovation and development
- Government policies
- Counter-hegemonic views on innovation
- See also
- References
- Further reading
thumb|Thomas Edison with [[phonograph in the late 1870s. Edison was one of the most prolific inventors in history, holding 1,093 U.S. patents in his name.]]
Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.