Innovation in the modern sense is about coming up with solutions to defined or not defined problems that can create a new world. Breakthrough innovations might try to solve in a whole new way, well-defined problems. Business innovation might start by finding solutions to well-defined problems by continuously improving on them.
Innovation is at the center of the debate in many endeavors. From business to medicine, and politics. In any of those fields, you will listen to the interviewed experts emphasizing how “innovation” led to the evolution of the field.
As you will learn, innovation became an integral part of today’s public dialogue, and it acquired a positive meaning only in modern times. Indeed, during the past innovation wasn’t coupled with evolution or betterment of things.
Today when we think of innovation we usually refer to technological (or more precisely IT) innovation. However, that is only one facet of a concept that can have multiple meanings and applications.