“Innovation is the creation of the new or the re-arranging of the old in a new way.” –Michael Vance

Michael Vance's quote defines innovation as either creating something entirely new or reorganizing existing ideas in a novel way. It highlights that innovation encompasses both inventing new things and creatively improving or reconfiguring what already exists to add value or solve problems.

It suggests that innovation isn't only about inventing something entirely new; it can also involve taking existing ideas, products, or methods and reorganizing them in a novel way to create added value or solve problems more effectively. This perspective broadens the concept of innovation to include both ground-breaking inventions and creative improvements to what already exists, emphasizing that both are vital for progress and advancement.

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