What Are The Different Source Of Innovation?

Innovation is fundamental for growth and development, and it improves people's living conditions. Peter F. Drucker, a management guru, proposes seven sources of innovation in his book ''Innovation and Entrepreneurship'': unexpected, incongruity, necessity, demographics, market structure change, changing perception, and new knowledge. Unexpected innovations can happen by chance, while incongruities can be the source of innovative solutions to familiar issues. Necessity, the mother of creation, can also prompt innovation. Demographics, market structure changes, changing perception, and new knowledge can all lead to innovative ideas. MIT ID Innovation offers courses that can help individuals develop an innovative mentality that will allow them to become leaders in innovation.