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Is Innovation the Most Abused Word In Business?

dcblogs writes "Most of what is called innovation today is mere distraction, according to a paper by economist Robert Gordon, written for the National Bureau of Economic Research. Real innovations involve things like the combustion engine or air conditioning, not the smartphone. The paper includes thought experiments to help you gain more respect for genuine innovations such as indoor plumbing. The Financial Times has posted the complete 25-page paper.(pdf)"

3 of 287 comments (clear)

  1. It is abused but I think this sets too high a bar. by HungryHobo · · Score: 5, Insightful

    An innovation can be as small as a neat new way of handling some user interaction which nobody has done before or a heuristic which solves a hard problem but at the same time people from buisness or management backgrounds or courses do set an insanely low bar for what they consider "innovation".

    If you were to believe buisness grads then "innovation" includes their "ideas" along the lines of "a website like *only better*" or "that thing which everyone is already doing but which I think is my neat new idea"

  2. Re:It is abused but I think this sets too high a b by Stormthirst · · Score: 5, Insightful

    I agree - there's a difference between innovation and incremental improvements.

  3. Re:It is abused but I think this sets too high a b by Patch86 · · Score: 5, Insightful

    "Vehicles that can fly" is a pretty huge incremental step from "Vehicles that can't fly". It's a big leap like that which we tend to call "innovation". Little steps aren't innovation- even though they're often even more useful. The Wright Brother innovated when they managed to put together the first working aeroplane- but it wasn't all that useful. When someone took their plane and made minor incremental improvements to speed, durability, capacity, etc. they weren't innovating, but they did create something truly valuable. When Boeing made the Jumbo Jet it wasn't an "innovation" (it's just a bigger version of what they already built)- but it was damned clever and useful.