Article: Innovation by Design

Innovation by Design

The author has stressed the importance of innovation in today's world. According to the author the four inputs to innovation are Resources, Processes, Infrastructure and Culture. The author has defined innovation as 'invention plus implementation/commercialization'. The innovation begins with a raw idea which is developed into a concept which yield some type of invention and which is finely implemented and commercialized.

The author has emphasized the importance of innovation in words of Peter F. Drucker, "Every organizationnot just businessneeds one core competence innovation". According to the author an innovative organization is governed by four major considerations, ...

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