Encyclopedia of Early Modern History Online

Get access

Innovation
(3,748 words)

1. Concept

Innovation may be defined as a voluntary break with habits by the use of new processes or objects. Underlying it is a considered procedure that, being the result of an idea put into practice, also harbors a certain risk in regard to efficiency. Originally an English expression defined as follows by Joseph A. Schumpeter: “Innovation is a process by which new products and techniques are introduced into the economic system,” the word was borrowed into German as Innovation, and in the 1960s it b…

Cite this page
Reith, Reinhold and Mahlerwein, Gunter, “Innovation”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 20 August 2019 <http://dx.doi.org/10.1163/2352-0272_emho_COM_021440>
First published online: 2015
First print edition: 20190124



▲   Back to top   ▲