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There are hundreds of books on innovation that describe the process, tools and environments that foster creativity.   This presentation speaks about innovation in industrial companies. Industrial companies do significant innovation but the innovation tends to be more evolutionary than revolutionary.

The presentation presents the sources of innovation and the probability of success for different types of innovation. The requirement for different types of personalities for successful innovation is presented. The presentation concludes with a review of areas where electric utilities are seeing significant technology and business model change.