Innovation is so much more than new product development. It’s also not restricted to Science and Technology, and can apply to any ares within your business. That’s because Innovation is about gaining benefit by doings something different.
One of the best definitions of Innovation we’ve seen is a simple mathematical equation:
Innovation = New Idea + Exploitation
Any person in any business can innovate. In fact, the more people you have thinking creatively, the more innovative you will become – across your entire operation.
Here are a few thoughts to help you better understand how powerful innovation can be: