Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.
Social innovations are new social practices that aim to meet social needs in a better way than the existing solutions, resulting from - for example - working conditions, education, community development or health. These ideas are created with the goal of extending and strengthening civil society. Social innovation includes the social processes of innovation, such as open source methods and techniques and also the innovations which have a social purpose—like activism, crowdfunding, time-based currency, telehealth, cohousing, virtual volunteering, microcredit, or distance learning. There are many definitions of social innovation, however, they usually include the broad criteria about social objectives, social interaction between actors or actor diversity, social outputs, and innovativeness. Different definitions include different combinations and different number of these criteria. Transformative social innovation not only introduces new approaches to seemingly intractable problems, but is successful in changing the social institutions that created the problem in the first place.
Collaborative innovation is a process in which multiple players contribute towards creating new products with customers and suppliers.
Science and technology in Flanders, being the Flemish Community and more specifically the northern region of Belgium (Europe), is well developed with the presence of several universities and research institutes. These are strongly spread over all Flemish cities, from Kortrijk and Bruges in the Western side, over Ghent as a major university center alongside Antwerp, Brussels and Leuven to Hasselt and Diepenbeek in the Eastern side.
The Ministry of Science and Technology is the central government ministry which coordinates science and technology activities in the country. The office is located in Xicheng District, Beijing. The ministry is responsible for formulating guidelines and related policies for science and technology in China development and promoting basic and special research on science and technology. The Ministry develop human resources, including introducing foreign intellectual planning and organising international scientific and technological cooperation and talent exchanges and strengthening China's innovation capabilities in the field of international scientific research.
Innovation economics is new, and growing field of economic theory and applied/experimental economics that emphasizes innovation and entrepreneurship. It comprises both the application of any type of innovations, especially technological, but not only, into economic use. In classical economics this is the application of customer new technology into economic use; but also it could refer to the field of innovation and experimental economics that refers the new economic science developments that may be considered innovative. In his 1942 book Capitalism, Socialism and Democracy, economist Joseph Schumpeter introduced the notion of an innovation economy. He argued that evolving institutions, entrepreneurs and technological changes were at the heart of economic growth. However, it is only in recent years that "innovation economy," grounded in Schumpeter's ideas, has become a mainstream concept".
Sustainopreneurship is an idea that emerged from the earlier concepts of social entrepreneurship and ecopreneurship, via sustainability entrepreneurship. The concept aims to use creative business organization in order to solve problems related to sustainability. With social and environmental sustainability as a strategic objective and purpose, sustainopreneurship aims to respect the boundaries set in order to maintain the life support systems in the process. In other words, it is a "business with a cause" – where ideally the world problems are turned into business opportunities by deploying sustainability innovations.
Innovation management is a combination of the management of innovation processes, and change management. It refers to product, business process, marketing and organizational innovation. Innovation management is the subject of ISO 56000 series standards being developed by ISO TC 279.
Sustainia, formerly the Copenhagen Climate Council, is a global collaboration between international business and science founded by Erik Rasmussen founder of the leading independent think tank in Scandinavia, Monday Morning, based in Copenhagen. The councilors of the Copenhagen Climate Council have come together to create global awareness of the importance of the UN Climate Summit (COP15) in Copenhagen, December 2009, and to ensure technical and public support and assistance to global decision makers when agreeing on a new climate treaty to replace the Kyoto Protocol from 1997.
Georg von Krogh is a Norwegian organizational theorist and Professor at the Swiss Federal Institute of Technology in Zurich and holds the Chair of Strategic Management and Innovation. He also serves on Strategy Commission at ETH Zurich.
SKEMA Business School is a French business school, devoted to higher education and research. It has the legal status of a non-profit association under the French "1901 law". It was founded in 2009 as a result of the merger between the Ecole Supérieure de Commerce (ESC), Lille and CERAM Business School, Sophia Antipolis. The Lille school was founded in 1892 and CERAM in 1963. It offers programmes such as a BBA in Global Management, Master of Science, EMBA, doctoral equivalences and executive education programs in France, Brazil, China, and the US.
In his "A New Beginning" speech on June 4, 2009, at Cairo University in Cairo, Egypt, President of the United States Barack Obama announced, "I will host a Summit on Entrepreneurship this year to identify how we can deepen ties between business leaders, foundations and social entrepreneurs in the United States and Muslim communities around the world". The Presidential Summit on Entrepreneurship, held in Washington, D.C., on Monday April 26, and Tuesday, April 27, 2010, at the Ronald Reagan Building, followed through on President Obama's commitment by highlighting the importance of social and economic entrepreneurship, and strengthening mutually-beneficial relationships with entrepreneurs in Muslim-majority countries and Muslim communities around the world. At the second summit in Istanbul, Turkey, Vice President Joe Biden announced that the Presidential Summit would become the marquee event that kicks off Global Entrepreneurship Week each year, with the 2013 host being the United Arab Emirates.
Paul Kim is currently a Korean-American Chief Technology Officer and Associate Dean at the Stanford Graduate School of Education and has held this position since 2001.
Christian Guellerin is the Executive Director of L'École de design Nantes Atlantique, an institution of higher education in design, and Honorary President of Cumulus, the International Association of Schools of Art, Design & Media. He is also President of France Design Éducation and Honorary Consul of the Republic of Estonia for the West of France since 2009. Appointed Knight of the National Order of Merit in November 2016.
Otto Lin was born Chui Chau Lin (林垂宙) in Shantou, Guangdong, China, in 1938. He came to Hong Kong as a refugee and went to Taiwan in 1953 where education at K-12 level was free. He attended National Taiwan University and received a BS in chemical engineering in 1960. After serving in ROTC, he was admitted to University of Illinois at Champaign-Urbana for post-graduate studies. Later he transferred to Columbia University in the City of New York, received the Ph.D. degree in 1967 in chemistry. His doctoral research was on the relationship of macromolecular conformation and hydrodynamic properties of DNA.
Sangeet Paul Choudary is a business executive, advisor, and best-selling author. He is best known for his work on platform economics and network effects. He is the co-author of the international best-selling book Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You.
Elias G. Carayannis is a Greek-American economist who is presently a full Professor of Science, Technology, Innovation and Entrepreneurship at the George Washington University School of Business in Washington, D.C.