Innovation

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Questions and Answers

According to ISO TC 279, innovation is defined as

  • The introduction of new goods or services
  • The redistribution of value
  • The practical implementation of ideas (correct)
  • The improvement in offering goods or services

What is a common element in the definitions of innovation?

  • Focus on newness
  • Focus on improvement
  • Focus on spread of ideas or technologies
  • All of the above (correct)

How is innovation different from invention?

  • Innovation involves the practical implementation of an invention (correct)
  • Invention is more apt to involve the practical implementation of an innovation
  • Innovation requires a new invention
  • Invention and innovation are the same

What are some examples of how innovation often takes place?

<p>All of the above (D)</p> Signup and view all the answers

How does technical innovation often manifest itself?

<p>Through the engineering process (B)</p> Signup and view all the answers

Which of the following best defines innovation?

<p>The focus on newness, improvement, and spread of ideas or technologies (B)</p> Signup and view all the answers

What is the relationship between innovation and invention?

<p>Innovation is more apt to involve the practical implementation of an invention (B)</p> Signup and view all the answers

According to ISO TC 279, how is innovation defined?

<p>A new or changed entity realizing or redistributing value (D)</p> Signup and view all the answers

What is a common element in the definitions of innovation?

<p>Focus on newness, improvement, and spread of ideas or technologies (A)</p> Signup and view all the answers

How does technical innovation often manifest itself?

<p>Through the engineering process (B)</p> Signup and view all the answers

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Study Notes

Innovation Definition

  • According to ISO TC 279, innovation is defined as the implementation of a new or significantly improved product, process, or method.

Common Elements of Innovation

  • A common element in the definitions of innovation is the implementation of something new or significantly improved.

Innovation vs. Invention

  • Innovation is different from invention in that innovation involves the implementation of a new or improved product, process, or method, whereas invention is the creation of a new idea or product.

Examples of Innovation

  • Innovation often takes place through the development of new products, services, or business models.
  • Innovation can also occur through the improvement of existing products, services, or processes.

Technical Innovation

  • Technical innovation often manifests itself through the development of new technologies, systems, or tools.

Innovation Definition

  • Innovation can be best defined as the implementation of a new or significantly improved product, process, or method.

Innovation and Invention Relationship

  • There is a close relationship between innovation and invention, as innovation often builds upon inventions to create new or improved products, services, or processes.

Technical Innovation Manifestation

  • Technical innovation often manifests itself through the development of new technologies, systems, or tools.

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