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The term innovation means a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organisations. A distinction is typically made between Invention, an idea made manifest, and innovation, ideas applied successfully (Mckeown, 2008).
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Innovation - Wikipedia, the free encyclopedia
The term innovation means a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organisations. A distinction is typically made between Invention, an idea made manifest, and innovation, ideas applied successfully (Mckeown, 2008).
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The concept of the innovation system stresses that the flow of technology and information among people, enterprises and institutions is key to an innovative process. It contains the interaction between the actors who are needed in order to turn an idea into a process, product or service on the market.
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