1. What is innovation and what we can teach to students about innovation
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2. CREATIVITY
Creativity is a mental and social process involving the generation of new ideas or concepts or new associations of the creative mind between existing ideas or concepts
Creativity is the ability to think up and design new inventions, produce works of art, solve problems in new ways, or develop an idea based on an original, novel, or unconventional approach
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3. Leonardo da Vinci is well known for his creative works.
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4. INNOVATION DEFINITION I
Innovation a new or variant product, idea, process or way of thinking
Innovation the introduction of new ideas or methods
Innovation refers to a new way of doing something
Innovation is a new idea, method or device
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5. INNOVATION DEFINITION II
Innovation is creativity with a job to do
Innovation is people creating value by implementing new ideas
Innovation is anything that provides a new perceived benefit to a customer or employee
Innovation the act of introducing something new
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6. INNOVATION DEFINITION III
The three stages in the process of innovation: invention, translation and commercialization.
Invention, converting an idea into a new process or product. Innovation, extending the utilization of a product or process.
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7. INNOVATION DEFINITION IV
Change that creates a new dimension of performance (Peter Drucker)
The introduction of new goods (…), new methods of production (…), the opening of new markets (…), the conquest of new sources of supply  (…) and the carrying out of a new organization of any industry (Joseph Schumpeter)
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8. CREATIVITY AND INNOVATION
Creativity is thinking up new things. Innovation is doing new things (Theodore Levitt)
Creativity is typically used to refer to the act of producing new ideas, approaches or actions, while innovation is the process of both generating and applying such creative ideas in some specific context
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9. THE ROLE OF TECHNOLOGICAL CYCLES IN ECONOMY
The role of technological cycles in economic and social development manifests it in a way that, on one hand, the mass of productive capital grows and also its technological level increases, but, on the other hand, because of better education and skills, the qualification level of labour force and management increases – as a result, the return of both production factors increases
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10. TECHNOLOGICAL CYCLES (WAVES)
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11. LONG WAVES AND CRISIS
One of the causes of world crisis is the downward phase of the long technological cycles
Crisis, especially the positive moment of depression - may be regarded as generator, creating new innovations, preparing the basis for a new long wave.
Exactly in a depression phase the economy is structurally ready for transition to new base innovations. In this phase, the base innovation clusters become created.
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12. SUSTAINABLE DEVELOPMENT
Sustainable development is a pattern of resource use that aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for future generations.
The term was used by the Brundtland Commission which coined what has become the most often-quoted definition of sustainable development as development that "meets the needs of the present without compromising the ability of future generations to meet their own needs."
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13. CREATIVITY AND INNOVATION ARE OFTEN KEY TO THE SUCCESS OF A BUSINESS
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