Which it has: simply put there has been a world of innovation in point-of-sale technology and concepts that seems to have swept by Apple, of all companies.
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PayPal expects to continue its strong global growth momentum and leadership through online merchant expansion and share of checkout, by driving payments innovation at point-of-sale retail for large, medium and small businesses, and by engaging consumers online and offline with payments products and experiences that offer choice, flexibility, simplicity and security.
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Only one man, though, seriously tried to systematize innovation to the point where it could be taught: The Soviet patent examiner Genrich Altshuller came up with TRIZ, the Russian acronym for Theory of Inventive Problem Solving.
At some point disruptive innovation transformed all these industries, making their products and services affordable and accessible, so that people with less training could competently provide them.
Property rights only come into play when we decide whether to invent and assign them when we try to build a system that maximises the innovation which is the point of the system.
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And much as Facebook derives its power from being the world's virtual nexus of socialization, America can and must solidify its innovation strength by becoming the world's front porch for innovation, the gathering point for the global conversation.
In The Elastic Enterprise, Nick Vitalari and I made much of this point, that innovation today requires complex portfolio management.
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The point is that Innovation is changing and the old incremental vs disruptive debate needs to die a quick death.
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Perhaps we are at a point in time when innovation in business will win.
As my colleague Clifton Yin and I have written recently, U.S. clean energy innovation policy is at an inflection point.
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Given the increasing average age of populations in the developed world, healthcare innovation and spreading prosperity, signs point to continued exponential growth of global healthcare consumption.
The point of course is that innovation is the primary rocket fuel of economic growth.
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It's earned through innovation and discipline, the traits experts point to when explaining the meteoric rise of Wal-Mart from country store to controversial retailing behemoth.
These findings point up the extent to which innovation has become a life-and-death matter for corporations.
The point is that not every radical innovation is an immediate slam dunk.
PowerbyProxi's solution looks pretty similar to renditions we've seen from Fulton Innovation, but it's quick to point out the differences.
This brings us back to William Baumol and his point about the difference between invention and innovation.
The innovation process at Google is messy, to the point where it is derided by many as unfocused and too costly.
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They also point out that the costs of open innovation, in management distraction or lost intellectual-property rights, are not nearly as well studied as its putative benefits.
They value innovation, for sure, but only up to a limited point in certain areas.
If an innovation is not relevant to the client, what is its point?
At that point, novelty becomes recognized as unavoidable and morphs into innovation.
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The President told me how it was small enterprises doing this innovation on their own until the country as a whole reached a tipping point.
From my vantage point, Sal Khan lit the match igniting the current blaze of innovation.
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Peter Kaye, Vice President of Marketing at Honest Tea, made that point immediately, but just as quickly made clear how creativity and innovation from the get-go allowed Honest Tea to gain an edge in its category.
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Cantor will point out that the United States should remain a leading force in scientific innovation.
The airline's seatback entertainment consoles offer a broader variety of TV, movies and music than most, but the real innovation is that they also allow passengers to order food and drink at almost any point during a flight.
"Collage is the most important innovation in art since perspective was discovered in the fourteenth century, " he proclaims at one point.
Reich makes the point that everyone has a role to play in solving major issues, and driving greater innovation.
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