The difference between Invention and Innovation
In the last years a lot of people have pointed out the difference between innovation and invention. They are of the opinion that “invention is turning money into ideas” and “innovation is turning ideas into money.” So basically, invention is coming up with new ideas and innovation is bringing a product to the market in a way that people appreciate.
Innovation is a lot more important than invention. Successfully bringing a product to market is what makes the world a better place — because it satisfies needs in the market and expands the economy. There were music players before the iPod, but Apple innovated the iPod into more of a “must have” device. There were cars before Ford, but he innovated to make it affordable for the average person.
What’s your opinion?
September 14th, 2007 at 9:46 am
naw,naw,naw… Qt: -Innovation is a lot more important than invention. – Dont agree!cos without inventions, innovations wouldn’t be possible. It’s like…umm.. birth and growing up – that whole process of learning, becoming, changing surface as well as inside – physical and psychic parts – but the core – the base – stays the same. same story with a product. neither would be possible without the other – same base but the body is growing. …adapting to certain needs and circumstances. sooo… =) id say invention and innovation are on the same level. it’s life – that’s what our society is about, what we’re about…in a way… invent and innovate urself steadily..hell…confusing
September 25th, 2007 at 7:29 am
[...] Und wie in ihrem Firmenblog unterscheidet die Firma richtiger Weise auch zwischen den Begriffen Idee/Erfindung und Innovation. Denn es bringt nichts, wenn die Beste Idee gefunden wurde und diese nicht zu einer echten [...]