What is the difference between invention and innovation?
What is the difference between invention and innovation?
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Expert Solution
Answer:
In its most perfect sense, innovation can be characterized as
the formation of an item or presentation of a procedure out of the
blue.
Development, then again, happens in the event that somebody
enhances or makes a noteworthy commitment to a current item,
process or administration.
Think about the chip. Somebody developed the microchip.
Yet, without anyone else's input, the microchip was just
another piece on the circuit board.
It's what was finished with that piece — the a huge number of
items, procedures and administrations that developed from the
creation of the microchip — that required advancement.
What is the difference between an invention and an innovation?
Explain why inventions may not become commercially viable and why
innovations are adopted. Explain the likely future of innovations.
That is, have we run out of commercial ideas, or is the bank of
ideas ever-increasing?
1.What is the difference between process innovation and
product innovation. What is innovating process' important? Give and
example of process innovation - try and find a company that has
recently improved a process or procedure.
What is the difference between a Eulerian Path and Circuit? What
is the difference between a Hamiltonian Path and Circuit? Is the
image below Eulerian or Hamiltonian, Path or Circuit? How did you
determine your answer?
What is the difference between a refrigerator and a heat pump?
What is the difference between a refrigerator and an air
conditioner? Define the coefficient of performance of a
refrigerator in words. Can it be greater than unity? Check the
specification of refrigerator or air-conditioner at your home. See
if you can obtain COP of the machine. A heat pump that is used to
heat a house has a COP of 2.5. That is, the heat pump delivers 2.5
kWh...
What are the similarities and differences between discovery
driven innovation and needs driven innovation? How successful would
a discovery driven innovation be in the health care setting versus
a needs driven health innovation?
Tanner (2012) stated that “no idea is too crazy or too wild”.
What is meant by that statement? Explain how you have seen this
implemented during a brainstorming session.
Do you agree that an organization that is not capable of
innovation is doomed to decline and become...