NAVTAR CENTRE FOR EDUCATION IN INOVATION ANTARAGAT KEY RESOURCE PERSON 2 DAY TALIM BABAT PARIPATRA

NAVTAR CENTRE FOR EDUCATION IN INOVATION ANTARAGAT KEY RESOURCE PERSON 2 DAY TALIM BABAT PARIPATRA
Innovation is related to, but not the same as, invention,as innovation is more apt to involve the practical implementation of an invention (ie new / improved ability) to make a meaningful impact in the market or society, and not all innovations require an invention. Innovation often[quantify]manifests itself via the engineering process, when the problem being solved is of a technical or scientific nature. The opposite of innovation is exnovation.

While a novel device is often described[by whom?] as an innovation, in economics, management science, and other fields of practice and analysis, innovation is generally considered to be the result of a process that brings together various novel ideas in such a way that they affect society. In industrial economics, innovations are created and found[by whom?] empirically from services to meet growing consumer demand.

Innovation also has an older historical meaning which is quite different. From the 1400s through the 1600s, prior to early American settlement, the concept of "innovation" was pejorative. It was an early modern synonym for rebellion, revolt and heresy.

A 2014 survey of literature on innovation found over 40 definitions. In an industrial survey of how the software industry defined innovation, the following definition given by Crossan and Apaydin was considered to be the most complete, which builds on the Organisation for Economic Co-operation and Development (OECD) manual's definition.

Innovation is production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of production; and the establishment of new management systems. It is both a process and an outcome. 

NAVTAR CENTRE FOR EDUCATION IN INOVATION ANTARAGAT KEY RESOURCE PERSON 2 DAY TALIM BABAT PARIPATRA
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