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What is the innovation ?

What is the innovation ?. Joseph Schumpeter ‘s definition of economic innovation. Source: Schumpeter, J. (1934). The Theory of Economic Development. Harvard University Press, Boston. Definition of innovation. Everett M. Rogers, 1995

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What is the innovation ?

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  1. Whatis the innovation?

  2. Joseph Schumpeter ‘s definition of economic innovation Source: Schumpeter, J. (1934). The Theory of Economic Development. Harvard University Press, Boston.

  3. Definition of innovation Everett M. Rogers, 1995 "Innovation is an idea, practice, or object that is perceived as new by an individual or other unit of adoption." Michael A. West; James L. Farr, 1990 "Innovation is the sequence of activities by which a new element is introduced into a social unit, with the intention of benefiting the unit, some part of it, or the wider society. The element need not to be entirely novel or unfamiliar to members of the unit, but it must involve some discernible change or challenge of the status quo." M. Porter “Companies achieve competitive advantage through acts of innovation. They approach innovation in its broadest sense, including both new technologies and new ways of doing things.”

  4. IDEA MARKET Definition of innovation INNOVATION = INVENTION + COMMERCIALIZATION Innovationis the use of new knowledge to offered a new product or service that customers want (Afuah). Bruce D. Merrifield, "Forces of Change Affecting High Technology Industries." "The three stages in the process of innovation: invention, translation and commercialization."

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