Which is more important invention or innovation?
The same when seen from a company’s perspective, Invention is the creation of a new product or service that has the potential to generate revenue, while innovation is the modification of the existing products or services for delivering a better customer satisfaction and hence deriving greater benefits.Click to see full answer. Thereof, which is better…
The same when seen from a company’s perspective, Invention is the creation of a new product or service that has the potential to generate revenue, while innovation is the modification of the existing products or services for delivering a better customer satisfaction and hence deriving greater benefits.Click to see full answer. Thereof, which is better innovation or invention? INVENTION VS. In its purest sense, “invention“ can be defined as the creation of a product or introduction of a process for the first time. “Innovation,” on the other hand, occurs if someone improves on or makes a significant contribution to an existing product, process or service.Secondly, what is the difference between invention? By definition, it has to be something entirely new, so an invention is something that has never been done before. To invent something is to discover a new thing. But the essential difference is that inventors create something completely original. This could, for example, be a technical idea or a scientific process. Subsequently, one may also ask, why is invention important? A patent legally protects the intellectual property rights of the inventor and legally recognizes that a claimed invention is actually an invention. Invention is also an important component of artistic and design creativity. Inventions often extend the boundaries of human knowledge, experience or capability.Is the cell phone an invention or innovation?The smartphone, however evolutionary it may seem when compared to the world’s first mobile phone invented by Dr. Martin Cooper, can be classified as a new invention in and of itself. The world’s first smartphone is the IBM Simon Personal Communicator released in 1992.
