"Innovation" is one of the most oft-cited buzzwords in both academia and the business world, but its usage isn't consistent. It can mean that an organization regularly produces new ideas or unique products; that its internal policies and practices are significantly different from the competition; or simply that members are encouraged to think creatively and pursue disruptive ideas.
This might sound like a semantic problem. But the confusion means that innovation is hard to measure - and that can be a huge roadblock to economic and technological development. Since World War II, universities around the world have been relied on to convert public funding into knowledge and products that help drive the global economy. So how can potential partners, investors, faculty and students know if an institution is really transforming science and technology and impacting the global economy?
Leading the Reuters Top 100 is Stanford University. Located