Innovation, like strategy, is constantly talked about yet greatly misunderstood. Government and business alike talk of innovation as driving economic growth. Innovation is a Holy Grail. So what is it? What is Innovation? I think that the best definition is 'an idea that is developed and implemented to bring something new into being'. Lots of people confuse ideas with innovation. I have this great idea for a self-cleaning car. Am I not innovative? Unless you build the self-cleaning car, I don't believe that you are. Ideas are easy. We all have ideas all the time. To be innovative the idea itself does not have to be novel. However the product, service or system you develop as a result should be. The key thing is to bring something new. Incremental Innovation How new is new? It could be a very small increment over what has existed before.…
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