Igniting Innovation: Tips, Sparks and Ideas for Acting on Innovation

What is the Definition of Innovation?

Posted by Corie Roudebush Spialek on Oct 20, 2015 10:00:00 AM


Innovation is a word that is thrown around a lot these days, but what I find is that the definition of  innovation is different to everyone.

According to Mr. Webster - Innovation is:definition of innovation
1. The introduction of something new
2. A new idea, method or device

Okay, so we can all agree that innovation is something new, but new in what way?  A new flavor of chip or soda?  Or is it something deeper an entirely new way to listen to music? Is it a new system for invoicing your clients?

When working with a client one of the first things we do is define innovation.  Innovation to us is any idea that is Meaningfully Unique.  Meaningful to three: you (the inventor),  the customer (either external or internal) and the company. Unique meaning new to the world something that has never been done before.  Now, take it even further.  Meaningfully Unique ideas often sell for a premium, create a virtual monopoly and in most cases are patentable.

What does innovation mean to you?

Topics: innovation



Corie Roudebush Spialek

Written by Corie Roudebush Spialek

Corie is the Director of Operations at the Eureka! Ranch and the Innovation Engineering Institute. For over 12 years she has spent her days, many nights and some weekends running logistics for all things Eureka! and Innovation Engineering. She is a DePauw University graduate who spends her free time at the pool or on the lake with her husband and three kids.

Welcome to the first blog from the Eureka! Ranch and Innovation Engineering Institute team.  Here you will find a diverse group of innovators dedicated to changing the world by transforming innovation from a random gamble to a reliable system that delivers increased innovation speed and decreased risk.

 



So, many exciting things are going on at Eureka! Ranch and with Innovation Engineering don't miss out on anything:

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