It depends - I would suggest that innovation is demand-driven, with evidence of a super-multiplier, not a derivative of supply, manifested by many neo-schumpeterian models.
To innovate, you not only need a big idea, you also need people to create it and people to buy into it. Stories fuel innovation. They are used to help people buy into new ideas or align with a shared vision. Stories have long held the power to take listeners on a journey that changes how they think, feel or act.
Continuous innovation is not easy and if you keep using the same method you will experience diminishing results. Try innovating how you innovate by employing some of these ideas from Paul Sloane.See
Motivate, acknowledge, and reward innovation by employees is the best way to improve innovation. People only can give innovative idea and actualize it.
Creativity is the mental and social process of generating ideas, concepts, and associations; innovation is the successful exploitation of that. The article at http://www.adb.org/publications/harnessing-creativity-and-innovation-workplace characterizes essential components of effective innovation systems. (It also reproduces a questionnaire to assess a workplace’s friendliness to creativity and innovation.)
Dear @Michael, this article is about Powering Innovation with Patent Intelligence!
"Innovation is a team sport involving many players acting together to develop better solutions and products to address unmet needs whilst maximizing returns for the organization.
Starting with an unmet need, the role of R&D is to investigate potential solutions to address that need cost-effectively and ultimately profitably. Therefore, R&D strategy is (or at least should be) intrinsically linked to business strategy.
Patent data is a rich source of both technical and commercial intelligence for informing R&D and business strategy. Yet scientists and engineers often overlook this important source of information which could result in their patent not getting granted, therefore causing R&D budget to be wasted. The EPO estimates that up to 30% of all expenditure in R&D is wasted on redeveloping existing inventions..."