ABSTRACT
It is interesting to begin with Webster Dictionary’s meaning of innovation, which is as follows:
Innovation, n. • The introduction of something new • A new idea, method, or device
Notice that it does not use adjectives such as “better,” “superior,” “improved,” “more cost-effective,” and “higher quality” to qualify as an innovation. In our vocabulary, however, we are not interested in innovation for the sake of novelty or even originality of concept but for the sake of some other positive technoeconomic attributes.
