1. Putting Innovation into Perspective

This chapter delves into the multifaceted concept of innovation, exploring its definitions, key elements, models, processes, and types. It begins by examining various definitions of innovation and identifying six key elements that characterize the term: novelty, means, action, context, form, and outcome. The chapter then explores the foundational aspects of the innovation concept, such as its models, processes, and types. It traces the evolution of innovation models from the 1950s to the present, highlighting the transformations that have occurred over time. The chapter also examines the innovation process, revealing that it is not a singular 'eureka moment' event but rather a structured, continuous process. Furthermore, it identifies various types of innovation, which can be categorized based on form, continuity, driver, and value. The chapter concludes by providing a more coherent and comprehensive understanding of the complex concept of innovation, enabling academics, professionals, and policymakers to better appreciate its nuances and contribute to the development of more effective strategies and practices.