I particularly like the following definition for ingenuity from Philip McKinney, as outlined his weblog:
"Ingenuity is the power of creative imagination; the quality of being cleverly inventive or resourceful...
Ingenuity is the key ingredient to creating innovation.
Ingenuity is the smallest element of innovation... the spark that starts it off.
Innovation is the outcome of applying the ingenuity of individuals."
I fully concur. It's the result of human ingenuity that allows us to enjoy all the modern conveniences that we see around us today.
As a matter of fact, the following observation from economist & entrepreneur Paul Zane Pilzer, also author of the classic, 'Unlimited Wealth: The Theory & Practice of Economic Alchemy', sums up my sentiment best:
“I realized [that] we were always running out of some resource, but the actual resource we were running out of wasn’t a resource until human ingenuity invented it, and we’re always inventing new resources.”
When he was once posed with the question "Is the Earth being depleted of natural resources?", his response was a swift:
"Nope... That’s because there is plenty of the ultimate natural resource: human ingenuity."
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