Attention to innovation has increased rapidly over the last fifty years, and it is no longer just a macroeconomic concept. It is also a concept seen within the company in achieving readiness and creating change in the competitive picture. The newest thing is to see innovation as a result of complementing personal competencies that can…
From idea hunting to purposefully cultivating and harvesting ideas We train people and organisations to improve their innovation capacity. An adaptive learning methodology is necessary since innovation contains many elements and is approached differently depending on the individual person’s situation and organizational affiliation. Our approach is based on edutech, gamification and growth-mindset thinking. Innovation –…
There is no clear definition of the concept of innovation, as Joseph Alois Schumpeter introduced in his book The Theory of Economics Development in 1912. The concept changes continuously in line with macroeconomic developments, but the definitions of the term still have ancestry after Schumpeter more than 100 years later. Compare Schumpeter’s observations on innovation…
The word innovation comes from the Latin word innovatio and means ‘renewal’ in English. The word was reintroduced in modern language in the late 1800s as a concept of economics. It became widespread when the Austrian-American economist Joseph A. Schumpeter published the book ‘The Theory of Economics Development’ in 1912. He used the term in…