Zeit

Zeit (English: Time) is the third album by the German electronic music group Tangerine Dream. A double LP, it was released in August 1972, being the first release featuring Peter Baumann, who joined then-current members Christopher Franke and Edgar Froese. Zeit is subtitled Largo in Four Movements.

Overview

The style of this album is slower and more atmospheric than their previous albums. Florian Fricke from the Munich-based group Popol Vuh, playing Moog synthesizer, and four cellists appear on the first track. The album cover depicts a solar eclipse.

As explained by Paul Russell for the 2002 reissue, "Zeit, which means 'time', was based on the philosophy that time was in fact motionless and only existed in our own minds." And concluding, "Without doubt Zeit is a Krautrock master work still capable of surprises without having to shock. The album which took the band to the edge of international recognition, still sounds timeless 30 years on."

Music critics often refer to Zeit as being one of the first (or perhaps the first) examples of dark ambient music.

Innovation

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.

Inter-disciplinary views

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.