Innovation Isn’t About Ideas

The difference between innovation, invention and entrepreneurs

Innovation, invention, and entrepreneurship are often used interchangeably, but they have distinct differences that need to be understood. Innovations can be created by anyone, anywhere, and can take many forms, including new products, business models, and customer experiences. Larger companies need the most help with innovation, while entrepreneurs are focused on execution.

Successful Innovation Labs Have These Four Things in Common

Digital technology is changing the innovation game

Innovation must become a constant and rapid learning approach, with testing to learn as the new innovation mantra.Innovation processes need to be redesigned to be more dynamic, iterative and fluid in response to emerging opportunities to keep pace with digital transformation.