Eloquent definiton11/28/2022 ![]() ![]() If you don’t know whether something is innovative until after the fact, it’s hard to apply the definition proactively. He adds the notion of “significance.” If it doesn’t matter (to someone), should we call it innovation? I think not.īut this definition focuses on the outcome rather than the process. Scott Berkun thinks “Innovation is significant positive change.” That’s starting to sound better to me. But still it doesn’t feel like a particularly useful definition. The concept of endowing resources with a new capacity to create value is interesting. Peter Drucker said “Innovation is the specific instrument of entrepreneurship… the act that endows resources with a new capacity to create wealth.” It might be the absolutely perfect shade for your new house, but I think we need a better definition for our purposes. Most of us would not consider that “innovation,” at least not in a useful way. By their definition, introducing a new paint color that’s a half-shade different from any others known in the market is innovation. Perhaps that’s because innovation exists outside of our business mindset. Webster’s definies innovation as “the introduction of something new.” It’s hard to dispute that’s accurate. ![]() There are good concepts in those definitions, but none seem to strike the right balance of clarity, utility, and brevity.
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