Innovation is about ideas. Ideas are readily available, but good ideas need to be cultivated.
Knowledge is creative.
Knowledge creation involves a complex combination of activities such as sensing, thinking, idea exploration, discovery, experience, conceptual framing, experiment, data and information gathering, story telling, reflection, analysis, interpretation, imagination, intuition and conjecture.
Innovation is everywhere.
Invention, the popular 20th-century term for powerful technological advances such as telephones, cars and airplanes, reflected the mechanistic worldview of its time. Now, even the patent office, traditionally focused on machinery and gadgets, is changing to accommodate a more fluid and flexible mindset about change.
Knowledge economy to idea age.
The knowledge economy emerged during the Organization Age of the 20th Century. Business became complex, aspiring to organized structures, utilizing overseeing administrations and division of labor. Increasingly proprietary industries funded their own research and development.