The Difference Between Innovation And Invention
from the important-lessons... dept
For all the talk about protecting innovation, we've often pointed out that the patent system seems to do the exact opposite -- making it more difficult for those who are actually innovating, while giving money to those who haven't done anything at all. Last year, Michael Schrage wrote an interesting piece pointing out the very important differences between invention and innovation, where he noted that innovation is more important -- but the patent system is more about protecting invention. Basically, plenty of people or companies who "invented" an idea were never able to capitalize on the idea at all. It took others who actually innovated and built off that idea to make a product that actually had an impact on the world. Helping to prove that point are a bunch of example cases where the initial inventor of something wasn't the one to make it valuable. In a market driven economy, the real winner is the company that can make something valuable through innovation -- not the inventor who happens to come up with something that the market may or may not want.
Reader Comments (rss)
(Flattened / Threaded)
Invention vs Innovation by Abiodun on Jun 23rd, 2006 @ 11:18am
Creativity is seeing what everyone sees and thinking what no one else has thought before. Invention is transforming these new thoughts into tangible ideas. Innovation is introducing these ideas to the end-user. Innovation is channeling creativity (managing its application i.e. invention) so as to produce ideas/products that people can and wish to use (i.e. marketable).
For an invention, the focus is on novelty and this is a key criterion for patenting. In other words, it must be new to its field all over the world. Innovation on the other hand does not have to be new except in a specific situation. Thus, as long as a firm (for instance) is having something for the first time, it is innovative in their context irrespective of whether it is new to their industry, country or the world.
Characteristically, an invention is anything that is novel and potentially practically applicable; an innovation is essentially novel, practically applicable and introduced to the market. Thus innovation may be seen as equal to invention plus exploitation i.e. invention plus commercialization and/or application of new knowledge in production in a particular environment.
(reply to this comment) (link to this comment)
Inoovation, Invention and Creativity by Muhammad Kamran on Sep 13th, 2006 @ 10:33pm
hi i am student of Mba and i want to know about above mention topics. please mail me about these topics with relevant material.
(reply to this comment) (link to this comment)
Re: Invention vs Innovation by Sam on Jan 20th, 2007 @ 2:21am
Abiodun, i agree with most of what you have written apart from this part 'Invention is transforming these new thoughts into tangible ideas. Innovation is introducing these ideas to the end-user. '
this implies that invention is an early stage and innovation is the end stage, however I think that an invention and innovation both introduce a new product/idea etc to the end-user, not just innovation.
(reply to this comment) (link to this comment)
Inventions by Leong Him Woh on Feb 22nd, 2007 @ 5:50pm
I agreed with you. Inventions may not be marketable until it became innovations.
http://henryleong-innovations.blogspot.com/
(reply to this comment) (link to this comment)
INNOVATION Vs INVENTION by OJO OLADOKUN on Feb 23rd, 2007 @ 6:50am
HAVING READ THE CONTRIBUTIONS OF XXXXX XXXXXXXXX XX XXXXXXX XXXX X XX XXXXXXXXX XXXX XXX XXXX XXXX. XXXXXXXXXXX, X XXX
(reply to this comment) (link to this comment)
Inventions need Capital to become an Innovation by Tony Bright on May 12th, 2007 @ 11:46am
Most Inventions never become Innovations in the marketplace due to lack of funding. I have the solution to this common problem.
Free Consultation!
www.nopieinthesky.net
Thanks,
Tony
(reply to this comment) (link to this comment)
Understanding the difference between Innovation an by Ms. Howard on Jun 24th, 2007 @ 9:55am
I do understand what you are trying to say. In terms of the statements about Invention is transforming these new thoughts into tangible ideas and Innovation is introducing these ideas to the end-user. I believe that persons are misinterpreting what you are trying to say when what you really mean is that; an invention is more of a manufactured idea or product while an innovation is more of an idea that may or may not be a manufactured idea or product.
(reply to this comment) (link to this comment)
sssssssssssssssssssssssssss by sssssssssssssssssssssssss on Sep 25th, 2007 @ 7:30am
ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
(reply to this comment) (link to this comment)
HELP by Kassia on Oct 15th, 2007 @ 6:39am
is poutine a invetion or innovation ??
(reply to this comment) (link to this comment)
Re: Inoovation, Invention and Creativity by raj on Nov 26th, 2007 @ 11:00pm
innovatio is a concept
while invention is the result of the concept.
(reply to this comment) (link to this comment)
Re: by Ideabobber on Feb 11th, 2008 @ 8:34am
Yes, inventions are the end product of the process of innovating on a previous invention.
----------
Ideabobber.com - the place to float, vote and search for ideas
(http://www.ideabobber.com)
(reply to this comment) (link to this comment)
by alex lew on Mar 3rd, 2008 @ 4:13am
gergeiebngip'er g9rg5t349tg4u3gt34e tngf745t3489 7t dg2749 t 3g f713 4t g39ggb547g3hog9043yr443t3thiwef98ty3458t354g9t9dihf394ty34ting8th34t45pt3j[
g]456]845hy
5486y45
y 35454yt9-tgy54-yt54ytherrfh-8]132e4uuht34]9qt435
34259-43t v3h-9t3-4 f9ytm3-ty53tt 35y mt3f3
(reply to this comment) (link to this comment)
BA marketing london by sidra jillani on Mar 20th, 2008 @ 12:45pm
bad ideas 4 both
(reply to this comment) (link to this comment)
Add Your Comment