What is Innovation?
Here are some common definitions:
- the introduction of something new
- the first attempt to put an invention into practice
- the successful exploitation of new ideas
- using a tool in a new way
- change the creates a new definition of performance
Types of innovation:
- incremental innovation, where something current is adapted or modified, typically does not involve sweeping changes
- radical innovation, involves completely new ideas, and often disrupts regular patterns
Characteristics, Concepts and Processes:
- innovators are unaffected by the idea of failure -- failures provide learning and reuse opportunities
- innovation is multidisciplinary, with ideas occurring at the intersection of disciplines
- third-party experimentation with innovations often expands their application
- useful innovation is robust, flexible and adaptable
- innovations often arise from hidden needs
- innovators like to make products that are immediately useful to their first users
- innovations diffuse in a linear predictable pattern, sustaining innovation requires additional nonlinear processes that constantly recreate
- creativity may be an individual process but innovation must occur in the organizational context
A specific definition for innovation exists for Pacific.