Invention is not Innovation

I think that the word innovation is so overused that it's all but meaningless. And that what meaning is attributed to it is often misplaced. It is necessary to draw the distinction between (here I'd like to apply some definitions I found by  http://www.torrentbasket.com torrent search ) invention (as 'the creation of a new idea or process'), innovation (as 'arranging the economic requirements for implementing an innovation'), and diffusion ('adoption and imitation'). The interesting thing of-course is that whilst it is innovation that brings new things into the world, it is often imitation that spreads them. Invention is of course equally if not more important. But let’s take it one step at a time!