Seminar paper from the year 2010 in the subject Communications - Multimedia, Internet, New Technologies, grade: 1,7, University of Applied Sciences Munster, course: Strategic Management, language: English, abstract: "Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth" states Peter F. Drucker. Innovation is the introduction of new things, ideas or ways of doing something according to the Oxford Advanced Learner's Dictionary. But if we go deeply into its meaning, innovating is not only creating something new but rather...