Explanation of Innovation.

In: Business and Management

Submitted By Jojo555
Words 321
Pages 2
As human has been going through different level of evolution in life as from the Stone Age to Iron Age, these have been caused by progress of innovation. The better the new stage then the better was the creation that led to innovation. Massive changes have come when human had developed to technological age. Thus the term creativity and innovation comes around since it is the contact for that. Innovation is a term referring to the conception of better or more efficient product, processes, technologies or ideas that are accepted by markets, government, and society. The innovation comes from need and interest, and generally means an essential positive change compared to incremental changes. In other words it can say that it is the making of changes on something already existing by introduction of new methods, ideas or products.
Innovation provides qualitative increase in the performance of processes or products demanded by the market. Innovation is the result of human intellectual activity, his imagination, creative process, discoveries and inventions. An example of innovation is to bring the products (goods and services) to the markets with new consumer features or qualitative increase in the efficiency of production systems. The word innovation was first realized in 1540s. It translated from the Latin word innovatus, which means 'renewing or changing' and is made up from two words: into and novus, which means "new." So, to innovate is to go into something new.
Innovation, however, is 'creativity implemented' it is simply the taking of ideas and bringing them into practice or into implementation and from that experience changes in our daily lives as in organizations and day to day life as the ideas brought up we now call shoes, phones, internets systems. So all in all we can say Innovation is a process of implementing the Creative ideas while Creativity depends…...

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