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Innovation is a disciplined method for imagining the future by examining the joint simultaneous impact of several uncertainties.
 
Innovation attempts to identify patterns and clusters.
 
Innovation is particularly good when examining revolutionary change.
 
Compensate for underprediction (most common error by institutions) and overprediction (most common error by futurists).
 
Looks to plot a middle ground by using incremental expansion of trends (momentum) and possible states of a highly uncertain factor (interest rates).
 
                                     
  Copyright 2008 Technology Transfer Center
USC Viterbi School of Engineering