Innovation
* Many innovations are traditions that live on today.
* Most innovation contributes to productivity growth.
* affects our economy quite directly by affecting productivity.
* are revolutionary implementations of inventions
  - the new products, technologies, or processes themselves once they have been adopted
* can also mean changes in methods of work, and in social organisation
  - appear in all sectors of activity , whether traditional, or high-tech
  - be a means of achieving competitive advantage within a company
  - consist of development of a new type of product
  - include incremental changes or improvements in a technology
  - thrive when a complete process is in place and individuals are motivated
* come when a person gets a new idea and makes it happen.
* continuous cycle
* contributes to growth
* driving force for change in a market economy.
* dynamic process related to achieving or improving competitive advantage.
* embraces scientific research and development and technology.
* equals genetic mutation, and competition equals natural selection.
* factor in success.
* form of change.
* happens on demand, especially if there is public investment in research.
* includes sections.
* is about convergent thinking
  - scientists and business working together
  - taking risks and managing change
  - thinking and acting in new and different ways
* is also a crucial part of management decision making
  - about having an innovative idea and knowing how to put it into practice
  - important as it is essential to capturing and keeping markets
  - the key to protecting the environment
  - an idea, practice, or product that is perceived as new by an individual or group
* is an important source of economic expansion and productivity
  - improved economic performance
  - anything new or novel about a firm's operation or product
  - applied creativity
* is born of innovation
  - marketplaces and competition
* is both a journey, or process, and a destination, or outcome of that process
  - the root and the goal of engineering
  - change that creates a new dimension of performance
  - complex, because different forms and different technologies often have to be combined
  - created where technology, people and the market meet - in networks
  - different from creativity
* is driven by how technology tools are applied
  - the sharing of great ideas
  - fostered by creativity
  - found when abundance is exploited and scarcity is conserved
* is important in all walks of life
  - natural resources management
  - to organizational success in the marketplace
  - increasingly something done across companies, rather than simply by one company
  - individual work
  - inherent in problem-solving
* is key in our ability to compete around the world
  - to successful competition in the global knowledge-based economy
  - nourished by both the social and physical environments in the workplace
  - now a word often associated with the dried fruits industry
  - one of the most important processes for human development
  - part of the action of every gear pushing economic growth
  - resourcefulness, the ability to look at a task and find new ways to perform it
  - said to be the lifeblood of a modern economy
* is the act of getting ready to serve tomorrow's customers
  - answer to changing standards and regulations
  - application of creative new ideas, the implementation of inventions
  - commercialisation of inventions
  - driver for economic change
* is the foundation of higher living standards
  - the world's most successful corporations
  - implementation of new methods and new technologies
  - introduction of an invention into a use that has economic value
  - key that unlocks the door to knowledge-based growth and job creation
* is the key to knowledge, growth and success
  - success in high-technology markets
* is the lifeblood of information technology
  - the knowledge-based economy
  - vibrant market economies
  - most evolved stage in the development of knowledge management
  - name of the game when it comes to nutraceuticals
  - natural domain of cities
  - primary source of increased productivity
* is the process of contributing order to chaos
  - developing better solutions and methods of conducting business
  - discovering a better way to do things
  - making sure that the other development processes continue and improve
  - modifying an existing product or system to improve it
  - result of risk
  - successful commercial introduction of new technology
  - task of breaking the rules and being rewarded, over and over again
  - way of the future
  - therefore what provides the return on the investment in knowledge generation
  - what allows companies to survive and thrive
* key factor in firms' competitiveness.
* local phenomenon.
* matter of survival for organizations.
* maximises value for business through opening new opportunities and creating wealth.
* means contemplating the past, changing some traditions and presenting a new phenomenon
  - that people are working together
* often springs from cultural diversity, comparison and exchange.
* plays a crucial role in boosting productivity.
* refers to the development of new products or processes.
* relates directly to the well being of the individuals being served.
* requires a culture that always believes there better way of doing things.
* response to changing conditions.
* saves life.
* social process.
* stems from people and their ability to see a better future.
* subjective process for designers because it's about fulfilling our clients' dreams.
* system of processes.
* team sport.
* tends to increase, as does creativity and organizational adaptability.
+ Epcot, Future World: Disney - Orlando :: 1982 establishments
  * Past Spaceship Earth are many rides and attractions about technology. Innovations is two buildings full of games and shows that use new inventions for making life easier.