an innovative thought...
An important distinction is normally made between invention and innovation. Invention is the first occurrence of an idea for a new product or process, while innovation is the first attempt to carry it out into practice.
Fagerberg

making sense of innovation

July 4, 2007 – 12:06 pm

In a great interview with Scott Berkum, Guy Kawasaki discusses several prevalent misconceptions about innovation.

Innovation is not much different from entrepreneurship. Successful innovation and entrepreneurship require a combination of creativity, execution and timing. Innovation is complex and it’s about more than just new epiphanies and inventions. Think instead about the iPod or Starbucks experience.

[ creative idea + great timing + nearly flawless execution = successful innovation ]

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