Business Quote by Lewis M. Branscomb
“Technological innovation is the successful implementation (in commerce or management) of a technical idea new to the institution creating it.”
About This Quote
Source Book: The Management of Technological Innovation, Lewis M. Branscomb, 1975
Innovation means turning a novel technical idea into a usable product or process within a business or organization.
In simple terms: Turning new ideas into practical solutions.
Key Takeaway
Focus on implementation, not just invention.
Themes
innovation
implementation
business
technology
change
Mood
optimistic
pragmatic
analytical
Type
definition
strategic
When to use this quote
- product development
- process improvement
- market entry
- strategic planning
Key Concepts
Diffusion of innovation
commercialization
organizational adoption
Questions to Reflect On
- How do you test a new idea before scaling?
- What barriers hinder adoption?
A Different Perspective
Success depends on market fit and execution, not just novelty.
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