Innovation

can occur without resources and a supportive infrastructure.

One

of the importance of innovation is to make your products to be unique in order

to gain competitive advantage.

Organizations

that invest heavily in Research and Development will have a better innovative

design and product.

Processes

can possibly be innovated by simplifying the processes.

Organizational

culture does not affect innovation effort in organization.

Innovation is about introducing something new or

doing something in a new way.

The

commercial use of an invention is called an innovation.

One

of the myths associated with innovation is that it begins with understanding

the customers.

A

workable concept involves all efforts aimed at creating new ideas and getting

them to work.

Invention

is unnecessary for an organization’s growth and to distinguish itself from

competitors.