Difference Between Invention And Innovation
The main dissimilarities or difference between invention and innovation can be pointed out as follows:
1. Introduction
Invention: The act of creating something unique and new product, concept, technology etc.
Innovation: The act of adding value or modernization of existing technology, products, device, process etc.
2. Refers To
Invention: Introduction of new or novel product
Innovation: A change that improves the quality and value of products
3. Can Be Expressed As
Invention: Innovation - Exploitation
Innovation: Invention + Exploitation
4. Skills
Invention: It requires scientific and technological skills to invent new product
Innovation: It requires technical skills, marketing skills, and adequate financial resources for innovation
5. Born From
Invention: New Idea
Innovation: Need and desire for improvement
6. Related To
Invention: It is related to a single product, process, method, product etc.
Innovation: It is related to several products and processes.
Also Read:
Also Read:
7. Originality
Invention: Yes
Innovation: No
8. Examples
Invention: Invention of telephone, TV, camera etc
Innovation: Innovation of LED TV, DSLR camera, iPad etc.
Invention Vs Innovation (Comparison Chart)
I hope this post is helpful to understand the difference between invention and innovation and to make comparison between them.
Invention Vs Innovation (Comparison Chart)
Basis For Difference
|
Invention
|
Innovation
|
Introduction
|
Creation of new concept, item, technology etc.
|
|
Refers To
|
Introduction of new product or technology
|
Change in the value of product or technology
|
It Is
|
Innovation - Exploitation
|
Invention + Exploitation
|
Required Skills
|
Scientific skill
|
Technical and marketing skills
|
Born From
|
New Idea
|
Need and desire
|
Related To
|
Single process, product or method
|
Various products and process
|
Originality
|
Yes
|
No
|
Examples
|
Invention of camera, radio, TV etc.
|
Innovation of LED TV, Scientific calculator etc.
|
I hope this post is helpful to understand the difference between invention and innovation and to make comparison between them.
