Well-being, wellbeing,welfare or wellness is a general term for the condition of an individual or group, for example their social, economic, psychological, spiritual or medical state; a high level of well-being means in some sense the individual or group's experience is positive, while low well-being is associated with negative happenings.
Although there has not been a clear definition established for well-being, it can be defined as “...a special case of attitude”. This definition serves two purposes of well-being: developing and testing a [systematic] theory for the structure of [interrelationships] among varieties of well-being, and integration of well-being theory with the ongoing cumulative theory development in the fields of attitude of related research”. One’s well-being develops through assessments of their environment and emotions and then developing an interpretation of their own personal self. There are two different types of well-being: cognitive and affective.. Social well-being is mentioned in Canadian law.
Wellbeing was a British well-being and lifestyle channel broadcast under the joint venture of Granada TV and the Boots Pharmacy chain. The channel was launched on 14 March 2001 and closed on 31 December 2001 after nine months of run time. It was replaced by ITV Select, on ITV Digital, on 26 January 2002.
Innovation is a new idea, or more-effective device or process. Innovation can be viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. This is accomplished through more-effective products, processes, services, technologies, or business models that are readily available to markets, governments and society. The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society.
While a novel device is often described as an innovation, in economics, management science, and other fields of practice and analysis, innovation is generally considered to be the result of a process that brings together various novel ideas in a way that they have an impact on society.
Business and economics
In business and economics, innovation can be a catalyst to growth. With rapid advancements in transportation and communications over the past few decades, the old world concepts of factor endowments and comparative advantage which focused on an area’s unique inputs are outmoded for today’s global economy. Economist Joseph Schumpeter, who contributed greatly to the study of innovation economics, argued that industries must incessantly revolutionize the economic structure from within, that is innovate with better or more effective processes and products, as well as market distribution, such as the connection from the craft shop to factory. He famously asserted that “creative destruction is the essential fact about capitalism”. In addition, entrepreneurs continuously look for better ways to satisfy their consumer base with improved quality, durability, service, and price which come to fruition in innovation with advanced technologies and organizational strategies.
In time series analysis (or forecasting) — as conducted in statistics, signal processing, and many other fields — the innovation is the difference between the observed value of a variable at time t and the optimal forecast of that value based on information available prior to time t. If the forecasting method is working correctly successive innovations are uncorrelated with each other, i.e., constitute a white noise time series. Thus it can be said that the innovation time series is obtained from the measurement time series by a process of 'whitening', or removing the predictable component. The use of the term innovation in the sense described here is due to Hendrik Bode and Claude Shannon (1950) in their discussion of the Wiener filter problem, although the notion was already implicit in the work of Kolmogorov.
Innovation is a subscription-based magazine, compiling recent developments in the area of research in Singapore and globally. The format and style is designed to be accessible to an "educated layperson", and also includes relevant fields such as patenting. The magazine is jointly published by the National University of Singapore and World Scientific.
To date, local Singaporean companies such as the Defence, Science and Technology Agency (DSTA) and academia have been featured in the magazine.
Key Editorial Columns
Aside from the cover story, each magazine generally has the following columns:
Features - Includes recent global developments in research. The latest publication includes an article on battery alternatives by Peter Harrop.
In Brief - News and innovations from all disciplines
Industry Updates - A compilation of important industry developments
Viewpoint - Personal opinions regarding recent issues, by leaders in corporations
Spotlight - Profiling of personalities in the international research and business community