Innovation can be defined simply as a ‘new idea, device or method’.

The term ‘Innovation’ can be defined as something original and more effective and, as a consequence, new, that ‘breaks into’ the market or Society.

In business and economics, Innovation can be a catalyst to growth. There are several sources of Innovation

It can occur as a result of a focus effort by a range of different agents, by chance, or as a result of a major system failure.

The causes of failure can vary considerably. Some causes will be external to the organization and outside its influence of control.

Others will be internal and ultimately within the control of the organization.

Internal causes can be divided into causes associated with the cultural infrastructure and causes associated with the Innovation process itself.

Common causes of failure within the Innovation process in most organizations can be distilled into five types:

Poor goal definition, Poor alignment of actions to goals, Poor participation in teams, Poor monitoring of results, Poor communication and access to information.