Framing the conceptual meaning and fundamental principles of innovation

Research output: Chapter in Book/Report/Conference proceedingChapter

4 Scopus citations


This opening chapter sets the context for the following chapters by first providing a working definition of innovation. This definition distinguishes innovation from invention based on the fundamental principles of novelty and value creation. Importantly, value is introduced in the context of diverse impact rather than in the limited context of monetary worth. Furthermore, innovation is initially framed according to various forms, which include product and processes, and various degrees of impact, which range from radical disruption to incremental change. By distinguishing innovation from invention and outlining the diversity of innovative principles, this chapter provides a platform from which to explore innovation beyond the conventional focus on market-based practices within the scientific and technological domains.

Original languageEnglish (US)
Title of host publicationA Cross-Disciplinary Primer on the Meaning and Principles of Innovation
EditorsMatthew Mars, Sherry Hoskinson
Number of pages12
StatePublished - 2013

Publication series

NameAdvances in the Study of Entrepreneurship, Innovation, and Economic Growth
ISSN (Print)1048-4736

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance
  • Management of Technology and Innovation


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