The concept of innovation
The concept of innovation

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The concept of innovation

Conclusion

This course should have given you some idea of the issues surrounding the concept of innovation, in particular the key concepts of invention and innovation, and the negative as well as the positive effects that innovations can bring. Although the business functions have been recognised in passing, you should be able to see how the functioning of an organisation can be affected by innovation. Remember that although innovation can take place within any one function of the organisation, this can have an impact across the whole organisation.

We hope that you have found this an interesting and challenging course and that you now have a better understanding of the importance of innovation to organisations.

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