“What is an innovation? Very often, managers view any product, service, technology, or process that is new or different as an innovation. But this definition is limited. In order for something to qualify as a true innovation, it must meet three basic criteria in tandem: It must engage a creative process, it must be distinctive, and it must yield a measurable impact.”
Editor’s Note: a useful, and perhaps more interesting, companion piece to this article is “Connectivity Reinvents the Rules of Innovation”
also of potential interest is “Disruption in a Networked World: Will Clifford on Patterns of Structural Succession”
both can be found in “Perspectives on Business Innovation Issue 8: Connected Innovation”
Eric L. Chen, Kathryn K. Ho
Source: CGE&Y Center for Business Innovation (CBI)
Subjects: Innovation, Management
