Most of the greatest progress in human history has been driven by innovation. The use of fire and tools witnessed the beginning of human civilisation; the use of steam power brought us into the industrial age; the technology of electric power transmission and transformation gave our economic and cultural evolution another boost; the birth of information technology marked the dawn of the information era and is still revitalizing our day to day life.

As has been pointed out by many, the speed of innovation is exponentially increasing. As innovation can substantially improve what already exists, its importance has long since been recognised. The ability to innovate is regarded as one of the most important qualities for individuals, organisations ...

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