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in·no·va·tion noun \ˌi-nə-ˈvā-shən\

: the act or process of introducing new ideas, devices, or methods

Innovation has nothing to do with how many R & D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R & D. It's not about money. It's about the people you have, how you're led, and how much you get it. - Steve Jobs