Innovation is the introduction of new ideas, goods, services, and practices which are intended to be useful (though a number of unsuccessful innovations can be found throughout history)....
Innovation is a particularly sticky problem because it so often remains undefined. We treat it as a monolith, as if every innovation is the same and one approach fits all. ...
Basic Research: This is the type of work done at universities and some R&D labs. There isn’t a clearly defined outcome. The point is to discover more about how things work. Some say that basic research isn’t innovation, because it does not necessarily result in...