Innovation Concept

To describe the concept of innovation we have to definitions:

The first one states that innovation is the act of bring an impact in a society that can bring a positive change for it. This is mainly accomplish by inventing something to solve a problem of great concern or a change in the structure of the society into a more positive one.

On the other hand, innovation is also decribed as any invention that can generate inmense amounts of profit, seeing it from the business perspective.

Personally, I believe that the first concept is more appropriated when defining innovation, as making accessible a new piece of technology or service for the public that can bring a positive impact, means more to me as a memeber of society than the ability to make profit.