Spread across the organization. In finer terms, it is a novel scientific idea conceived through research and experimentation that turns into a tangible object.
It can be a new process of producing a product or may be an improvement upon a product or a new product. Inventions can be patented, as it provides security to the inventor, for intellectual property rights, and also identifies it as an actual invention. Further, different countries have different rules for obtaining the patent and the process is also costly.
To be patented, the invention must be novel, have value and non-obvious. In the purest sense, innovation can be described as a change that adds value to the products or services; that fulfills the needs of the customers. It is when something new and effective is introduced to the market, that fulfills the needs of the customers by delivering better products and services.
All the process that help in the generation of the new idea and translating it into the products demanded by the customers are covered under innovation. So, it can be said that innovation is not the same thing as invention, as these are two different concepts.
Both the activities requires huge capital investment in the research process. Further, the invention is when something new or novel to the world is discovered, while innovation is about introducing an effective way of using, producing or distributing something.
One important difference between invention and innovation is, an idea when proved workable, it is called as the invention. On the other hand, an innovation is when the idea not only be proved workable but also requires to be economically feasible and fulfill a specific need. Woooow, very detailed explanations, well illustrated. Though very similar, these two words have different meanings that need to be highlighted.
Creation is an artifact that has been brought into existence by someone. An invention is the creation of something in the mind. Artworks are always referred to as creations such as a painting or a drawing. There are people who are creative and despite seeing what everyone else sees think what no one else has thought before.
Or, that artist used oil on canvas to create this beautiful painting. Highly-rated answerer. As for inventing something, you either innovate on an existing idea or you give form to your own ideas by using your imagination, contrivance, and learning The one learning a language!
Learn about premium features. Tired of searching? Was the iPhone a great invention? We can dissect the iPhone into individual inventions and evolutionary consolidations of other gadget functions and features.
There are really no ground-breaking inventions from a technical perspective, in the first or second, or third generation iPhones. What about the iPad? In reality, one might argue that it is merely a giant iPhone with a few updated features.
Was the iPhone a great innovation? The iPhone created an ecosystem of media content, telecommunications, licensing, application development, and unified them all under one roof. The iPad, I would argue, pushed Apple and iTunes from music into video and more rich-content markets e. Very few inventions are, by themselves, successful innovations. Most innovations are evolutionary changes to existing processes, uses, or functions, which are made better by one or several contributing inventions.
All of these inventions existed well before the Kindle, iPad or GalaxyTab devices. Documenting, protecting, and leveraging inventions is a cornerstone of innovation. The patent process and legal systems around the world recognize the rights of an inventor and help them by establishing a system which allows them the opportunity to exploit their inventions for financial gain for a given period of time.
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