Innovation & Change - Essay Example

On the other hand, it is wrong to say that Wright brothers discovered aeroplane or Charles Babbage discovered computer. These things were not existed in the world earlier and these scientists were able to make entirely new things with the help of existing resources. An invention is a private property till the inventor decides to make it public. Since innovation is an entirely new thing, it may bring change. For example, when computer was innovated, it brought revolutionary changes in the human life.

This paper briefly analyses the importance of innovation and subsequent changes in the human life. “Any time you change the world, you create risks” (FREUDENHEIM). As mentioned earlier, innovation often results in huge changes in the world which may change the activities of the natural world. For example, the introduction of automobiles brought many revolutionary changes in the world. Many people considered the invention of automobiles as one of the greatest innovations of all time; however, currently we are aware of the environmental problems caused by the automobiles.

In other words, even though innovations often change the human life it is not necessary that these changes may affect the human life positively alone. The Industrial Revolution is a story of great inventions. In fact it is difficult for the business or industrial people to stay in the market with conventional products alone. Innovations change the human life drastically and the business people should adapt themselves to these changes in order to stay in the market. For example when Apple, introduced the innovative touch screen mobile phone (iphone) in to the market, Nokia and other competitors also started to introduce similar products in the market.

This is because of the fact that iphone has changed the traditional concepts about mobile phones among the consumers. “Radical innovation is crucial