Innovation. Ask 15 experts about it – like the “Idea to Value” blog did in 2016 – and you’ll get 15 different definitions. But there are some common elements. Across multiple fields, innovation involves creativity, a new idea, addressing a real challenge, and creating value. It’s an application of better solutions that results in new ways of thinking or doing.
According to Stephen Johnson, author of “Where Good Ideas Come From,” innovation and evolution thrive in networks, within shared physical and intellectual spaces. These creative collisions and connections facilitate ideas.