Definition: a new method, idea, product. The act of innovating.

Quotes on Innovation.

Innovation is the specific instrument of entrepreneurship… the act that endows resources with a new capacity to create wealth.
- Peter Drucker

Without innovation there is no growth. We must innovate and change the way we do things in order to create wealth. If we do things they way we have always done it, we will get what we always got, and then lose some still.

Innovation is hard to schedule.
- Dan Fylstra

There are in fact tools, methods, and systems for innovation. Innovation is not a one-off event.

Innovation has nothing to do with how many R&D dollars you have…It’s not about money. It’s about the people you have, how you’re led, and how much you get it.
-Steve Jobs

Innovation is not about the R&D budget, it’s not about the number of patents. It’s about culture. About building a possibility driven organisation.

Innovation is not invention, such as Edison inventing the light bulb. Innovation is about the ‘process skills’ of making something happen. It’s about solving problems. The light bulb once invented needed to get to the market. That was the innovation.

Building innovation into a company culture requires focus, it is systematic, and repeatable. It is the way we do things here.