Members: Lee Qian Yi‚ Mai‚ Sharon‚ Alicia Poon‚ Terence Tan Learning objectives: 1. Appreciate the importance of innovation for business and the national economy 2. Understand the nature of innovation and able to distinguish between invention and innovation 3i. Describe the activities associated with innovation 3ii. Appreciate the part business models play in innovation 4. Understand the link between innovation and diffusion Note: The words in blue are our
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known of such "open letters" are patents of appointment (of officers‚ military‚ judicial‚ colonial)‚ patents of nobility‚ patents of precedence‚ patents of land conveyance‚ patents of monopoly‚ patents of invention. Patents of invention confer the right to exclude others from using a particular invention. When the term "patent" is used without qualification‚ it nowadays refers usually to inventors’ rights. Similarly‚ the French "brevet‚" derived from the Latin "litterae breves" (brief letters)‚ is a document
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From television sets to computers‚ many original inventions have emerged from the turn of the century. Along with these fresh inventions comes a set of completely new types of danger from breaking up familial ties to easy access of drug related information. Media outlets‚ that were considered revolutionary a century ago‚ are beginning to show their harmful effects in today ’s society. Parents should find new solutions to these problems instead of ignoring them because most American families own some
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brilliant inventions did. He was also world class innovator whose stellar‚ positive attitude set example for many individuals to come. Growing up in a lower-middle class status didn’t distract Edison from his goals in the slightest – the innovator dreamed of becoming a successful inventor. He dreamed of having his own laboratory‚ “a place where corporate politics wouldn’t intervene with his futuristic visions” (Miller-Caldicott‚ 2011). While Edison is generally known for his inventions‚ his strides
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they can innovate‚ there will be large numbers of innovations in the company. The disadvantage of intrapreneurship is that the company has a low level of control over invention activities and the cost of invention can be very high. The reason is that very few inventions are perceived to have value in the market place. So‚ most inventions cannot be developed into products for the market place. However‚ this disadvantage can be viewed as an advantage‚ as well. The chemists employed within the corporation
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Stage-Gate Process 1. What is Stage gate Process Stage gate process is a R&D process which is about managing successful development of new product. It covers whole process from discovering idea to launching new product. 2. What is stage? What stages are included in the product development process? The Stages are the process which important action occurs. In each stage‚ the project team that established for launching new product go through key activities to gather information needed
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its mind on inventions. From Europe‚ all the way to china‚ people’s lives were to never be the same again. Many inventions made things easier. For instance‚ the invention of the compass made it easier for marines and travelers to set on to their traveling journeys without worries of getting lost. People were very creative and there was almost a general decision on making sure that the latest inventions were easier to use than the previous inventions. With many amazing new inventions came- in my opinion
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individual begins the process of transforming her thoughts into a final product Invention and Innovation There is a subtle difference between these two words‚ but it is an important one for Business Studies students. * Invention if the formulation of new ideas for products or processes * Innovation is all about the practical application of new inventions into marketable products or services Invention example: 1. The Telephone 2. The History of Computers 3. Television Innovation
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War‚ but his most famous invention‚ the cotton gin‚ set the economic stage for war. Whitney’s gin made cotton production far more efficient‚ fueling the need for more Southern slaves and enriching powerful planters. Another Whitney invention--muskets with interchangeable components--inaugurated manufacturing systems for producing uniform parts‚ without which the U.S. economy might never have produced enough weapons to fight such a lengthy war. It only took one invention by a legendary man‚ Eli Whitney
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Has Changed the World Technology has changed the world in a lot of ways. The world hasn’t always been the fanciest place. Technology became a man’s best friend when it came into effect. Technology has been the world’s most best‚ used and best invention to ever keep the world moving. Technology has also showed people ways of becoming smarter and having ways of doing things faster in the world. Technology has changed the way we track money‚ do business and much more. It is becoming a huge aspect
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