A useful definition of Innovation

Visiting the BROKEN BULBS: Innovation blog, I disovered Gordon Graham had identified what is for me a useful definition for Innovation. Here it is:

Besides being the tool of the entrepreneur, innovation is defined here as:
"The profitable implementation of ideas." - Broken Bulbs (2005)

You seee, it's not just about having ideas. We can all have ideas. The real challenge, and the real rewarding part is seeing how we can change the world by bringing those ideas to fruition. I'm not clear on Gordon's definition of profitable. For me, this means something that makes a meaningful difference in the world, be in on an indivudual, business, community or societal level.

Check out the BROKEN BULBS: Innovation blog where you can find a longer definition on Innovation on the right-hand side of the page