Innovation: Difference between revisions

or [[business model]]s that '''innovators''' make available to [[Market (economics)|market]]s, [[government]]s and [[society]].

Innovation is related to, but not the same as, [[invention]]:<ref>{{cite web | url = http://www.businessinsider.com/this-is-the-difference-between-invention-and-innovation-2012-4 | title = This Is The Difference Between 'Invention' And 'Innovation' | first = Kim | last = Bhasin | date = 2 April 2012 | work = Business Insider }}</ref> innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society,<ref>{{citation | url= https://www.forbes.com/sites/jacobmorgan/2015/09/10/whats-the-difference-between-invention-and-innovation/ | title= What's the Difference Between Invention and Innovation?|magazine= Forbes|date= 10 September 2015}}</ref> and not all innovations require a new invention.<ref>