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.

Comments

Post a Comment

Popular posts from this blog

All perceptions are real, at least to those who own them.

Quote of the Week 28 "All perceptions are real, at least to those who own them." ― Joe Folkman Related quotes: "In politics, perception is reality." ― Lee Atwater "Perception is reality. If you are perceived to be something, you might as well be it because that’s the truth in people’s minds." ― Steve Young "Perception is reality, but it may not be actuality, and you have got to be able to keep the difference between that." ― Bill Cowher Triggered by Ron Lichty's use of the quote in many of his  presentations  and the book " Managing the Unmanageable: Rules, Tools, and Insights for Managing Software People and Teams " citing Folkman's 1996 book "Turning Feedback into Change!". See also Principle 5 in Folkman's subsequent book " The Power of Feedback ".
Read more »