Importance of innovation pdf

innovation within companies and sectors. Factors other than competition can and do play a role. Nonetheless, our research clearly shows that wherever Abstract · Innovation is fundamental to economic growth and development. The ability to. create economic value by introducing new products to the market, Feature Article: Innovation: Why is it so Important? by the Canadian Dairy Commission. J a n u a r y 2This chapter begins by defining what economists mean by innovation. Economists have focused on two main types: product and process. A. PDF | Innovation is one of the most important concerns of each organization and its role in the development and coordination of the market is.