Innovation: Strategy for Growth and Development.
In: Nigerian Institute of Industrial Engineers, 22 April 2010, Ibadan, Nigeria.
The discipline of innovation has been defined by Peter Drucker as the means by which the entrepreneur either creates new wealth producing resource or endows existing resource with enhanced potential for creating wealth.
This paper examines the discipline of innovation from various perspective – corporate, personal, inter-personal, behavioural and scientific. After examining the sources of innovation and showing that ideation and innovation are not synonymous, it discusses a pragmatic approach that encourages growth and development especially in a developing economy
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