Archive for November 1st, 2006

Schumpeter, Innovation and “schöpferische Zerstörung”

Schumpeter

… while looking up sites on innovation, I started with “the source”. And came across some Wikipedia entries.

What I think is important is the distinction between invention und innovation. Invention is concerned with coming up with ideas, building prototypes, etc. Innovation is about implementation and realisation.

As researchers we are mainly concerned with invention, i.e., coming up with ideas and building prototypes.

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