[PDF] A Review of Technology Innovations for Pumped Storage Hydropower

What is product innovation?

• In this book we focus on innovation inthe organizational context, and although product innovation is an impor-tant part of this, it is still only a part. We can say that innovation relates toproducts, processes, and services. Product innovation is about making beneficial changes to physicalproducts. Examples include

What is value in-Novation?

• Cropley et al. say that they prefer the use of the term “value in-novation” to more accurately describe the linked process involving creativity and innovation as it is more explicit and reflective of that operative environ-ment. They see the linked process between creativity and innovation as one whereby a duality of approach is employed.

What is social innovation?

• Through the application by a two dimensional typology of social innovation they had identified innovation being applied to new services and improvements to existing services. The re-search concludes that innovation can be identified with the creation of a new product or service or an improvement of an existing product or service. 1. Introduction

What are the characteristics of innovation?

• Observability The last characteristic of innovations is observability. Rogers (2003) defined observability as “the degree to which the results of an innovation are visible to others” (p. 16). Role modeling (or peer observation) is the key motivational factor in the adoption and diffusion of technology (Parisot, 1997).