Case-Based Reasoning in Video Recording

Innovation refers to the first practical economic application of an invention, while diffusion refers to the adoption and use of an innovation by a significant number of potential users.

The focus is on what happens AFTER the introduction of the invention/innovation, particularly the competition between Betamax and VHS.

Scientific research can lead to inventions, which can then be developed into innovations through the process of turning them into practical and economic applications.

<p>The outcome is the adoption and use of an innovation by a significant number of potential users, leading to technical change and progress.</p> Signup and view all the answers

<p>An invention is a new idea or device, while an innovation is the first practical economic application of an invention.</p> Signup and view all the answers

<p>R&amp;D (Research and Development) is a planned activity of study, research, experiment, design, and test that can lead to new knowledge, inventions, and innovations.</p> Signup and view all the answers

<p>They can cause significant changes in the ways and models of living, working, producing, consuming, studying, communicating, and so on.</p> Signup and view all the answers

<p>The goal is to understand the importance of innovation for management and decision-making.</p> Signup and view all the answers