Innovation is the successful exploitation of new ideas.

Quote of the Week 25

"Innovation is the successful exploitation of new ideas."
― UK Department of Trade & Industry (DTI)


Source: "Innovate to Accumulate" (1994)

Triggered by the inflationary usage of the term "innovation" lacking a universally accepted definition.

Or as Graham West already put it back in 1994:

"Sadly, the word “innovation”, in recent usage, has become so hackneyed it seriously runs the risk of metamorphosizing into an expression of a doubtful quality."

See also my Blog On Innovation article for a collection of alternative definitions of the term.

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