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INVENTION vs. INNOVATION

TIJ1O1. INVENTION vs. INNOVATION. INVENTION vs. INNOVATION. INVENTION - creating new products that do not already exist INNOVATION – “is the process of improving and changing a technology that already exists”. INVENTION.

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INVENTION vs. INNOVATION

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  1. TIJ1O1 INVENTION vs. INNOVATION

  2. INVENTION vs. INNOVATION • INVENTION - creating new products that do not already exist • INNOVATION – “is the process of improving and changing a technology that already exists”

  3. INVENTION http://www.google.ca/search?hl=en&qscrl=1&rlz=1T4ADFA_enCA475CA475&q=example+of+invention&ion=1&bav=on.2,or.r_gc.r_pw.&bvm=bv.41867550,d.b2U&biw=1024&bih=630&wrapid=tlif135983540045310&um=1&ie=UTF-8&tbm=isch&source=og&sa=N&tab=wi&ei=CnENUd3JIMLQ2AX0l4CIDA#imgrc=ry9MdFXtlkEh9M%3A%3BrjaFzQwRt3ORmM%3Bhttp%253A%252F%252Fimg.ehowcdn.com%252Farticle-new%252Fehow%252Fimages%252Fa05%252Fqr%252Fl7%252Fdo-mass-produce-invention_-800x800.jpg%3Bhttp%253A%252F%252Fwww.ehow.com%252Fhow_6123175_do-mass-produce-invention_.html%3B400%3B300

  4. INNOVATION http://www.google.ca/search?hl=en&sugexp=les%3B&gs_rn=2&gs_ri=hp&cp=15&gs_id=8&xhr=t&q=example+of+innovation&qscrl=1&rlz=1T4ADFA_enCA475CA475&bav=on.2,or.r_gc.r_pw.&bvm=bv.41867550,d.b2U&ion=1&biw=1024&bih=630&wrapid=tljp1359835541171012&um=1&ie=UTF-8&tbm=isch&source=og&sa=N&tab=wi&ei=lnENUeiBH-fr2QW834GIDg#imgrc=F_0qEJAHuPQUHM%3A%3B-tvFaaBVmDIG1M%3Bhttp%253A%252F%252Fwww.ukbusiness-today.co.uk%252Fsites%252Fdefault%252Ffiles%252Fimagecache%252Flead_image_500%252Fnissan-leaf.png%3Bhttp%253A%252F%252Fwww.ukbusiness-today.co.uk%252Fnews%252Fdisruptive-innovation-will-help-companies-become-tomorrows-winners-guide%3B500%3B325

  5. Great Idea?...bring it to market! • Having an idea is one thing, but to make it successful is another… • Developing a prototype is key - one that works and is appealing to a target market. http://static.ddmcdn.com/gif/product-prototyping-process-1.jpg

  6. Shark Tank • During the episode, observe/analyse: • the prototypes (colour, package, size, materials) • What problem did each entrepreneur solve with his/her product? Was there a need for it? • Do you think the product will have long-term success? Why or why not?

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