Housing development

Innovation is a process where new creation of an ideas are being developed in terms of more effective products, processes and technology 

From the houses built in the tudors period to houses built in the modern times, many aspects had changed due to the fact that better technology/factiles are being fitted into the new houses where it’s overall objective is to minimize cost. 

Benefits of the new eco houses

• Over twice the levels of insulation required under current regulations.
• Solar water heating.
• Water recycling for toilet flushing, washing machine and garden use
• High-performance timber framed windows positioned to maximise solar gain
• Full-house mechanical heat recovery and ventilation system
• Cellulose (recycled newspaper) roof insulation
• Low-energy light fittings

Although new eco houses are proven affective towards environmental issues such as postponing climate change and cost saving factors, this could only happen in the long term which rate of return would take up to 25 or more years to happen, so would it be better to purchase a cheap non-eco friendly house where you will be saving money in the short term or a house where overall beneficial in the long term. 

What Is innovation ??

Innovation is often described as introducing something new; it is useful only to the inventor unless it is offered to the public. Such invention can improve some products, process or services by turning creative ideas in to practice 

With innovation, organisations can gain a competitive advantage through the ideas they have and by producing a product that is innavative, this innovation will result in an added value to the organisation which consequently result in a competitive advantage. 
There are three different approaches that influence innovation: Continuous Innovation, Disruptive Innovation and Business Innovation; For continuous innovation, it is all about minor changes towards existing products or services, although this innovation process is frequently and often on-going, this is in order to be able to make better products via research and development. On the other hand disruptive innovation can be much more risky compare with continues innovation due to the fact that employees must embrace a radically different approach towards the product, this include introduction of new technologies, products or services so overall promote changes and gain advantage over the competition .

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