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Strategic Consultant with HYPE Innovation, helping enterprises get more value from their innovation programs. Firm believer in the concept of jobs-to-be-done, which stresses the importance of understanding customers' wants and needs. Also sports a 2:57 marathon PR. Dad to two awesome kids.

5 responses to “Definition of Innovation”

  1. Alrik Degenkolb

    Well I think you missed one main part in the
    phalanx of innovations. Cultural Innovation are
    improvements which affects individuals and
    relations between them. This is what Enterprise
    2.0 and Social Software movement is about. Hence
    it should be mentioned here.
    To your separation of invention and innovation. I
    don’t agree with you that a small count of
    stakeholders define the boarder between them.
    Isn’t it also an innovation if a medicine can
    help a few people to live at least 12 months
    longer?! An additional definition from Bergemann
    defines it as follows: „ Innovations are ideas,
    which are recognized and accepted as new and
    useful by the stakeholders.”
    I think more important is the process to create
    more satisfying inventions/innovations. Isn’t it?!

  2. alvisbrigis

    Nice. Getting away from innovations as discrete units is key to generating a clearer picture of innovation. Like that. You may want to add STEM Compression (measurable increases in Space, Time, Energy and Matter efficiency) to the efficiency section, and add clear metrics for what constitutes meaningful experience (polling, qualitative analysis, etc). I want to know how an innovation would be scored using this model.

  3. Angelique

    This is a great article. I’m actually working with a client now on some internal comms materials to help employees understand what exactly innovation is. I’d love to read more about the article you link to on WalMart’s accomplishment of increasing fleet efficiency by 25% but your link is broken.

  4. Roy Luebke

    Innovation is the creation of anything new….that creates economic value.

    This is the definition I start out with people. What most people don’t focus on is an innovation process. The process gets from insights to ideas to market. The process interacts with strategy, culture, organization, and external market drivers.

    People get hung up on the nuances of the varying degrees of innovation, i.e. radical, disruptive, incremental, etc. What matters to each company individually is what is needed for their firm to achieve competitive advantage.

    Remember that innovation is a result. It is the combination of research, discovery, invention, experimentation, business planning, engineering.

  5. Dan Man

    Just another definition

    Innovation is the creation of anything new, that creates change to achieve competitive advantage and economic growth.