In current times, innovation has gained tremendous interest as a strategic tool for business. For many industries innovation in business includes either digital or bio-tech. However, across most industries innovation covers both finance, and labor, and is a crucial towards achieving overall performance, although there is currently no formal innovation strategy. In this book, the topic of innovation in the corporate environment is taken into consideration and is placed into the category of a technology lifecycle version to better understand the innovation process. This book explores some commonplace versions of innovation, techniques for innovation, and evaluates genericized business methodologies of technology, providing a listing of possible study areas. Growing international demand for innovation in business activities, is intended to grow and provide international financial competitiveness, inclusively as an impact of cognizance regarding the results of economic growth on intake of resources and environment, which calls for layout of new styles of manufacturing and consumption. This book critiques the contributions of technology in modern day society and business.