One question on the agenda at Last Monday’s Moxie Session asked if the word innovation means anything.
The discussion was about the state of innovation in New Zealand, so this wasn’t a simple matter of semantics. The consensus around the table was that it does mean something.
One memorable quote:
Innovation doesn’t equal invention
Sadly I didn’t record who said that. The idea is a good jumping off point. If it isn’t invention, what is it?
The answer, and I’m paraphrasing here, is innovation goes beyond just having a good idea, it is as much about implementing the idea. Innovators need to package their good ideas in ways that make them practical for others to use, this also means getting the product to market.