Innovations are often created by chance, but their creation can be facilitated
Education and innovation
Innovation is more than just the result of research and development. Innovation is the successful exploitation of new ideas, transforming them into economic value. It is about developing and inventing new technologies, services, business models and operational methods.
Innovations are often created by chance and cannot be predicted or controlled.
Innovations can nevertheless be promoted through systematic operations. Their creation can be enhanced by, for example, investing in R&D operations, networking, utilising IT technologies and expertise-intensive corporate services, developing organisations and employees, and focusing on design.
However, success in an ever-changing business environment is dependent on the highest level of expertise. This encompasses the broad-based skills offered by vocational and university education, as well as class-leading research and development. The foundation for all of this is a solid basic education.