How Exactly Do You Define ‘Innovation’?

February 20, 2023

In this short video, Scott Anthony of Dartmouth College and Fiona Murray of MIT lay out clear definitions of the word “innovation.”

“The definition that we use for innovation is very simple: something different that creates value,” says Scott Anthony, Clinical Professor, Tuck School of Business, Dartmouth College

“The definition that we’ve been using at MIT… is that innovation is the process of taking ideas from inception to impact,” says Fiona Murray, Associate Dean of Innovation and Inclusion, MIT Sloan School of Management

This is the second video in our series on “Defining Your Terms.”