Innovation And Its Impact On Innovation

Alongside the entrepreneur spirit, Innovation is the process of taking new ideas and implementing them into the market. Key word being “new”, an innovation can be sometimes viewed as the application to better solutions that meet new demand-requirements, inarticulated needs or existing market needs. Innovative ideas range from: goods, services, products, processes, services, technologies or ideas that create value for which customers will pay for. For an idea to be an innovation, it must be replicable at an economical cost and must satisfy a specific need. This means is that one must be ready and willing put their new idea to the test. On the other hand, there is recognition that “innovation is also critical to cultural, environmental, social, and artistic progress as well” (Bullinger, 2006). With this stated, high-tech innovation is ultimately the reason why we can be thankful for the many new conveniences of the 21st century. Although we might see the forefront of innovation being very prominent in today’s world, innovation is truly nothing new. From the start of modern man times, innovative ideas have paved the way for civilization to advance and develop into what we are today and at the same time, we have barely begin to chip away at the tip of the iceberg of our true human potential. Some scholars believe that innovation is a

“Social Innovation refers to new ideas that resolve existing social, cultural, economic and environmental challenges for the benefit of people and planet. A true social innovation is systems-changing – it permanently alters the perceptions, behaviors and structures that previously gave rise to these challenges,” (Balestrero & Udo, 2014, p. 84).

This research intends to explore innovation at an individual level, but in a context, where the roles and functions of an organization appear eminent either as a promoter or an inhibitor of innovation.

Carr sees that while innovation keeps manufactured data pushing ahead and enormous measures of data available to us, it likewise influences our normal capacity to have an independent perspective. He is speaking to poignancy since he detects that this basic issue is making our general public less needy with their selves and more needy towards innovation. He utilizes his article to speak to the way that he sees the adjustments in the ways that he used to think originated from the utilization of innovation. Cascio, then again, imagines that innovation is the thing that makes our general public so effective. He utilizes ethos to suggest that the idea of co-development amongst human and innovative cooperation has helped us adjust to the constantly changing world around us. Carr's and Cascio's viewpoints toward the impacts of innovation utilization are the beginning stage of differentiation between the two

Innovation is an idea that must be cost-effective and must gratify a precise need. Innovation includes careful application of information, imagination and creativity in stemming greater or different values from resources, and includes all processes by which new ideas are generated such as brainstorming and converted into useful products.

In the book Where Good Ideas Come From by Steven Johnson, he shows his readers that great ideas come from ordinary involvement and he uses the history of inventions/innovations to back up his theories. Steven Johnson’s writing is meant to explain how to achieve good ideas and what we can do to advance the ingenuity of our environment. Throughout this piece of work, Johnson illustrates seven theories of innovation of how inventions happen, these consist of; The Adjacent Possible, Liquid Networks, The Slow Hunch, Serendipity, Error, Exaptation, and Platforms. Where Good Ideas Come From advises that in the end sincerity and connection may be more respected to innovation than to a full extent competitive humans.

My personal philosophy of innovation encompasses many ideas. It is not only thinking outside of the box, but questioning why the box is even necessary. It is about creating opportunity out of disappointment, being open to different, and unafraid of being vulnerable. It is about breathing, living, and embodying the change that you want to see in the world and exploring new paths in achieving that change. Innovation is being courageously defiant in the face of the universe shouting “You can’t” and replying with a resounding “Watch me”.

“Innovation is definitely not self-starting or self-perpetuating. People make it happen through their imagination, will power, and perseverance” (Kelley and Littman.2005.p. 6). I believe that an innovation leader is a person who empower himself with knowledge and skills to support others and create a change. My personal definition of innovation is “when people work hard to create a change and transfer their positive ideas into actions.” My personal philosophy of innovation is influenced by the book The Ten Faces of Innovation. From this book I learned that people can play different roles in their lives to be a good innovators. For example, in a hospital the head nurse can play the Anthropologist role and come up with new insights to help new staff to succeed in their nursing journey and encourage them to be more effective. “ The anthropologist brings new

Innovation is a term that is so widely used and thought of as simple inventions, but it is truly so much more. Innovation is a complex thought process of new ideas that can be implemented for the betterment of many. Change and adaption within any environment is the foundation of innovation and identifying its sources make it easier to implement innovation. The easier it is to foster an innovative environment and inject innovation; a positive impact on a business is instantly seen

The word ‘innovation’ is derived from Latin word ‘innovare’, which means “to change something to new”. In other words, we may say that ‘innovation’ means changing the regular way of doing things and involves doing the regular things in a novel way.

Innovation can be seen as a journey that starts with setting a purpose or goal, and ends up with innovative achievement and new learning.”

Tidd et al (2000) states, “the innovation is a business process of revolving opportunity into new ideas and of putting these into widely used practice. In term of the nature, there are five major types of innovations: novelty, competence shifting, complexity, robust design and continuous improvement. While in term of the extent of change, innovations can be divided into incremental, radical and

Innovation is normally used to denote the process that takes place when a product or a process is developed, from idea to market; the concept of invention only denotes the process that takes place when new ideas or solutions are generated. Baumol (2002) argues “is it possible to have lots of inventions and still lack innovations. Nevertheless, inventions are a necessary precondition for innovation”.

Innovation is the process by which ideas are created, selected and implemented to bring about profitable change to organisations. Innovations come as a result of an identified need for organisations to change their current processes, activities or operations. Andriopoulos and Dawson (2009) explain that organisational change is ‘new ways of organizing and working’. They explain that change occur in two dimensions – movement of state and scope of change.

Now a day, innovation and change is very important for organizations. Innovation and change are applied in many companies in the world. Innovation is a successful implementation of creative ideas in organization to improve products and services. Change is a difference in the form, quality or condition of an organization over time (Williams & McWilliams 2010). The purpose of this essay is to explain us the compare (differences) and contrast (similarities) between innovation and change. This is also including to identify something has changed in our campus or university in this semester and example of innovation and change.