Drucker, an American management consultant, professor and writer, states that innovation is the process of finding a new resource or endowing an existing resource with a new capacity to produce wealth, defining the word innovation as “a change that creates a new dimension of performance” (Peter Drucker, 1991). In Innovation and Entrepreneurship, he says that innovation is the specific tool of entrepreneurs and the means by which they exploit change as an opportunity for a different business or a different service; innovation is capable of being presented as a discipline and it can be learned and practiced.( Peter Drucker , Innovation and Entrepreneurship , p.34) Innovation can also be defined as the application of new ideas to the products, processes, or other aspects of the activities of a firm that lead to increased value (Christine Greenlagh, Innovation, Intelectual Property and Economic Growth, p.23). David Gann, professor of technology and innovation management at Imperial College in London, stated that innovation is a “successful implementation of new ideas – or in a business context, successful commercial exploitation of new