In my post, What is Creativity? What is Innovation? I defined the terms and discussed the differences between creativity and innovation. I was reminded of these differences in a recent post I saw from VijayKrKhurana that discusses invention and innovation which I would like to share with you. I think they are well-organize and well-written.
In his presentation, he describes invention as the creation part of the innovation process. Like creativity, invention must be:
- a process (new step) or product (new thing)
Often, invention is part of the Research & Development organization but it can take place anywhere by anyone within the organization. Invention starts with an individual and often grows to include others, becoming social creativity or collaborative creativity.
Innovation is the process of bringing the invention into the marketplace, specifically for commercial use. Innovation is always a social activity.
Check out the link to the slides!