Change is one of the one few definate facts of life, with out change many things would become obsolite. Peter F. Drucker describes innovation as the specific instrumrnt of entrepreneurship, he calls it the act that endows resources with new capacity to create wealth. Inovation is key to our everyday lives webseters defines it as change that creates a new dimension of performance. According to Business week; today, innovation is about much more than new products. It is about reinventing business processes and building entirely new markets that meet untapped customer needs. Most important, as the Internet and globalization widen the pool of new ideas, it's about selecting and executing the right ideas and bringing them to market in record time.