Innovation

According to Wikipedia, innovation may

“… refer to both radical and incremental changes in thinking, in things, in processes or in services. In many fields, something new must be substantially different to be innovative, not an insignificant change. In economics the change must increase value, customer value, or producer value. The goal of innovation is positive change, to make someone or something better. Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.”

Indeed innovation is important enough to the Australian economy for a Government Department to have been created to focus on the topic, namely The Department of Innovation, Industry, Science and Research which aims to encourage the sustainable growth of Australian industry by developing a national innovation system to share knowledge creation, cutting edge science and research, international competitiveness and greater productivity.

Konica Minolta has set out in the first event of the Life in Colour program to assess Australian organisations’ opinion and commitment to innovation and its perceived impact upon productivity and also, where appropriate, profitability.

Through a national research study, Innovation: Mind the Gap surmises that Australian organisations are all talk and limited action when it comes to innovation and the full results are available in a free report which can be downloaded from this website.