The document discusses various aspects of innovation including: 1) It notes that businesses selling low-carbon goods and services now generate more revenue than aerospace and defense combined. Innovation requires bringing together different fields and encouraging "managed conflict." 2) True innovation creates new value using existing knowledge and is often associated with entrepreneurship. The process of innovation is dynamic and involves acquiring and processing knowledge. 3) Managing innovation involves handling change across many dimensions. Innovation results from systematic patience and investment of time and resources. Networks and communities also facilitate the spread of innovations globally.