Many individuals in the United States and around the world are known as inventors, but what exactly does this term mean? An individual can become an inventor by coming up with an idea that has not been used before and then taking the initiative to make it happen. There are many examples of this happening in the world today. For example, a company by the name of Google came up with the idea of combining search engines and a social network. Other individuals who are credited with inventions include Walt Disney, Thomas Edison, and Elvis Presley.
Before an invention can be said to be invented, there are a few things that must occur for it to actually take place. These things include a clear idea, a stage where this idea can be developed, and a determination by someone to make it a reality. After these important steps have been taken, an invention can then be considered to have been born. There are three main classifications of inventions: natural, commercial, and technical. The term natural invention refers to those that happen to be made from things found in nature like an apple tree.
A commercial invention on the other hand takes place when the invention results in some kind of commerce or service. One example of a commercial invention is the light bulb. A technological invention takes the form of computer chips, radio waves, or any other form of technology that makes an item, such as a computer, work. One other thing that needs to be mentioned about inventors is that they need to identify their invention. This is known as patentability. The legal requirement for patenting an invention is called the first step in establishing the legitimacy of the invention.
Innovation Ideas come from many different places and individuals with innovative ideas are usually quite scarce. One of the great things about the Internet is that you can get ideas from everywhere, including from folks that may not be household names to people with zero start-up capital. The challenge is to sift through all these innovators and determine the quality and/or quantity of the innovation they bring to the marketplace. For innovation ideas to be profitable they need to be marketable, so it is important to determine what type of marketplace you want to be part of. Not every idea can or should be part of a particular market sector.
What Is Innovation? Many businesses often struggle to come up with new ideas because they are attempting to apply current methods to solve problems in complex or unfamiliar environments. The key is determining what problem your company or organization are solving and then using knowledge from diverse fields to create a solution. The best way to determine if an innovation idea is good for your industry is to look at your competitors and determine if they are using any unique strategies that can help your business to compete or succeed. After you have identified what problems your company needs solved, you can then build on the innovation ideas by digging deeper into those problems, developing a “road map” to their achievement and determining whether it makes sense to take a chance and launch an innovation project by launching the most viable products or services in the realm of your industry.
What Is Innovation and How Do You Apply Them To Your Organization? Innovation is actually defined by Wikipedia as an innovative product or process, often new but well researched and designed to a high degree to enable it to perform as promised. The definition is not specific enough to define a product as innovating, so we must refine it in order to make it meaningful for our purposes. In other words, innovation should be viewed as a process instead of a product or service that quickly solve a specific business problem, as was done in the example given above where the invention was to refactoring a previously successful business model into something new and improved. In addition, we must also understand that innovation is much more than simply finding a way to fix the problems that are being highlighted by current strategies, as noted above, but must embrace being a proactive enterprise that works toward constantly improving or even inventing the future.