Innovation I have here described my view of what innovation is and who it is impacted and how in turn it impacts the Globe in larger scle.

1. Innovation
Innovation is the driving force behind
every economy. This can be seen, when we take a look
at the developed economies. The initially capitalize and
then monetize on the Innovation that has happened.
This very model is what has brought riches
and prosperity to developed countries and now with
time the developing nations are also following suite.
Innovation is not something that can
simply be introduced within an ecosystem. There is a
dimension of culture that is associated with Innovation.

2. Here, in this essay I would like to present
my views with-respect-to this very statement.
There is this, is one cultural-aspect, which
is very prominent in U.S.A., which is that we see the
children moving out of their homes at about 16-to-18
years of age.
This practise has become culture in America.
A person go out facing the realities of the World all by
himself without a wall to fall back on, really plays a very
major role in shaping the mind of the person.
Innovation demands certain traits in an
Individual like independent thinking, risk-taking attitude,

3. being self-sufficient to a very high degree, a close
understanding of the market, self-motivation and many
more.
The traits are within all of us at most
times, it is experiences in Life, which bring out
awareness of these traits, within an individuals own
mind.
This is an extremely important event
in a individual’s life and as we can see this had a lot to
do with the culture of the place.
Therefore, I would like to conclude
by saying that Innovation and culture go hand-in-hand
and if one wants to see progress within an economy,
culture is one aspect one has too look into.