Innovation is what drives the world forward. Innovation is technological  and cultural evolution; the never-ending struggle to solve simple and  complex problems for the benefit of the individual. This individual can be a  consumer looking for a quicker and more efficient product. It can be a  patient lying in a hospital bed. Or it can be the manager of an engineering  company trying to find an edge over his competitors.

Innovation never happens inside a vacuum. In some cases, innovation is a  response to a specific problem. In others, it’s driven by a creative  imagination, someone who looks at a product or a process and thinks, “We  could be doing this better.” To put it another way, innovation requires a  catalyst, and one of the most robust catalysts is design. Innovation is what  drives the world forward. Innovation is technological and cultural  evolution; the never-ending struggle to solve simple and complex problems  for the benefit of the individual. This individual can be a consumer looking  for a quicker and more efficient product. It can be a patient lying in a  hospital bed. Or it can be the manager of an engineering company trying to  find an edge over his competitors.

Innovation never happens inside a vacuum. In some cases, innovation is a  response to a specific problem. In others, it's driven by a creative  imagination, someone who looks at a product or a process and thinks, "We  could be doing this better." To put it another way, innovation requires a  catalyst, and one of the most robust catalysts is design.

The word "innovation" once had an older, historical and quite different  meaning. From the 1400s through the 1600s, prior to early European  settlement of the Americas from 1492, the concept of "innovation" was  pejorative – the term was an early-modern synonym for "rebellion",  "revolt" and "heresy". It was often associated with religion. Kings and  queens issued declarations against it and if you were very unlucky as the  puritan Henry Burton, your ears could be chopped off if you were accused  of innovating. In the 1800 it was the social reformers turn to be accused of  innovating. People promoting capitalism saw Socialism as an innovation  and spent a lot of energy working against it. For instance Goldwin Smith  saw the spread of social innovations as an attack on money and banks.  These social innovations were socialism, communism, nationalization,

cooperative associations. Thus contrary to what many people believe, social  innovation appeared much earlier than technological innovation.

In the 1900s the concept Innovation did not become popular until after the  second- world war. This is the point in time when people started to talk  about technological product innovation and tie it to the idea of economic  growth and competitive advantage. Joseph Schumpeter (1883–1950) is  often credited for being the one who made the term popular and he  contributed greatly to the study of innovation economics,

In business and in economics, innovation can become a catalyst for growth.  With rapid advancements in transportation and communications over the  past few decades, the old-world concepts of factor  endowments and comparative advantage which focused on an area's unique  inputs are outmoded for today's global economy. Schumpeter argued that  industries must incessantly revolutionize the economic structure from  within, that is innovate with better or more effective processes and  products, as well as market distribution, such as the connection from the  craft shop to factory. He famously asserted that "creative destruction is the  essential fact about capitalism. Entrepreneurs continuously look for better  ways to satisfy their consumer base with improved quality, durability,  service and price which come to fruition in innovation with advanced  technologies and organizational strategies.


Innovation is what drives the world forward . Innovation is technological and cultural evolution ; the never - ending struggle to solve simple and complex problems for the benefit of the individual . This individual can be a consumer looking for a quicker and more efficient product . It can be a patient lying in a hospital bed . Or it can be the manager of an engineering company trying to find an edge over his competitors . Innovation never happens inside a vacuum . In some cases , innovation is a response to a specific problem . In others , it ’s driven by a creative imagination , someone who looks at a product or a process and thinks , “ We could be doing this better . ” To put it another way , innovation requires a catalyst , and one of the most robust catalysts is design . Innovation is what drives the world forward . Innovation is technological and cultural evolution ; the never - ending struggle to solve simple and complex problems for the benefit of the individual . This individual can be a consumer looking for a quicker and more efficient product . It can be a patient lying in a hospital bed . Or it can be the manager of an engineering company trying to find an edge over his competitors . Innovation never happens inside a vacuum . In some cases , innovation is a response to a specific problem . In others , it 's driven by a creative imagination , someone who looks at a product or a process and thinks , " We could be doing this better . " To put it another way , innovation requires a catalyst , and one of the most robust catalysts is design . The word " innovation " once had an older , historical and quite different meaning . From the 1400s through the 1600s , prior to early European settlement of the Americas from 1492 , the concept of " innovation " was pejorative – the term was an early - modern synonym for " rebellion " , " revolt " and " heresy " . It was often associated with religion . Kings and queens issued declarations against it and if you were very unlucky as the puritan Henry Burton , your ears could be chopped off if you were accused of innovating . In the 1800 it was the social reformers turn to be accused of innovating . People promoting capitalism saw Socialism as an innovation and spent a lot of energy working against it . For instance Goldwin Smith saw the spread of social innovations as an attack on money and banks . These social innovations were socialism , communism , nationalization , cooperative associations . Thus contrary to what many people believe , social innovation appeared much earlier than technological innovation . In the 1900s the concept Innovation did not become popular until after the second- world war . This is the point in time when people started to talk about technological product innovation and tie it to the idea of economic growth and competitive advantage . Joseph Schumpeter ( 1883–1950 ) is often credited for being the one who made the term popular and he contributed greatly to the study of innovation economics , In business and in economics , innovation can become a catalyst for growth . With rapid advancements in transportation and communications over the past few decades , the old - world concepts of factor endowments and comparative advantage which focused on an area 's unique inputs are outmoded for today 's global economy . Schumpeter argued that industries must incessantly revolutionize the economic structure from within , that is innovate with better or more effective processes and products , as well as market distribution , such as the connection from the craft shop to factory . He famously asserted that " creative destruction is the essential fact about capitalism . Entrepreneurs continuously look for better ways to satisfy their consumer base with improved quality , durability , service and price which come to fruition in innovation with advanced technologies and organizational strategies .