DEFINITION OF INNOVATION REVISITED: AN EMPIRICAL STUDY ON INDIAN INFORMATION TECHNOLOGY INDUSTRY

In spite of increased attention and resulting vibrancy within the field of innovation, earlier research has not yielded a widely accepted consensus regarding how to define innovation. Without a good working definition, we still lack good measures of innovation. One of the greatest obstacles in understanding innovation has been the lack of a meaningful measure. The present study is carried out to find a generic definition of innovation in Information Technology organisations. We also did a comparative study between innovative and less innovative organisations with respect to the way these organisations define innovation. Results showed that there are differences between these two groups of organisations with respect to the way these organisations define innovation. Finally, the implications of findings on these organisations are discussed.