Innovation and Its Application
Completion requirements
One definition of innovation is the process by which solutions are created for complex problems. Another perspective sees innovation as creating something entirely new that takes situations and people down a path not previously conceived. Read this section, which discusses innovation and several practical aspects of bringing new ideas to fruition, and demonstrates case studies of successful applications.
A number of financial metrics have been proposed and used over the years to evaluate the costs and benefits associated with information systems implementation. In this chapter, we will discuss two of them: Return on Investment and IS Budgeting.