Innovation, a concept that has been rigorously debated, dissected, and defined by scholars over the years, remains a cornerstone in the academic and business realms. Its significance, underscored by myriad interpretations, showcases the multifaceted nature of the term. This exposition aims to delve deep into the scholarly interpretations proffered by some of the most distinguished academicians, illustrating the rich backdrop of perspectives surrounding the concept of innovation. It is positioned at the “Potential Level” as part of the House of Operations Management framework.