Article | REF: AG2231 V1

Innovation - Key concepts

Author: Pierre DEVALAN

Publication date: January 10, 2012, Review date: September 27, 2017

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ABSTRACT

Even though the term innovation has been around a long time, its meaning has been strongly enriched and transformed over the previous decades. A more managerial connotation has been added to its original economic orientation and has become a value generation process for companies. Integrated in peripheral activities such as research, invention and technology, innovation allows the transformation from the concept to product launching, procedure, method or service. Innovation management based upon specific key concept allowing the promotion and management of innovative projects has today become a fully recognized discipline.

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AUTHOR

  • Pierre DEVALAN: Expert in innovation project management and evaluation - Former Director of CETIM's R programs

 INTRODUCTION

The aim here is to place innovation in its historical context, so as to define it in its current sense as a process that generates value for the company, and to situate it in relation to peripheral activities such as invention, R&D, technology, technology transfer...

These peripheral activities are often lumped together with the innovation process, because we often confuse the company, i.e. the organization that will implement the innovation and benefit from the value generated (economic, environmental or societal), with inventors (or other organizations) peripheral to this innovation process, such as research centers, innovation support organizations and, more broadly, consulting providers.

These few explanations highlight a number of key concepts characteristic of innovation.

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