Invention and innovation: An introduction
Invention and innovation: An introduction

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Invention and innovation: An introduction

15 Part 2: 6 Key points of Part 2

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  • Individuals are motivated to invent by one or more factors: curiosity; constructive discontent about a product; a desire to help others; a desire to make money.

  • Organisations invent for a number of reasons: business strategy; the need to improve existing products and processes; new materials become available, as do technologies and manufacturing processes; government policy, legislation and regulations.

  • The process of invention involves the stages of: identification, exploration, incubation, act of insight, critical revision.

  • Inventive ideas often occur due to associative thinking, which brings together ideas, knowledge and techniques from different areas. Inventors also use adaptation, transfer, combination and analogy.

  • Chance often plays a significant role in invention.

  • Inventors often have the ability to focus on a problem to the exclusion of everything else, and are single-minded and determined, and have an optimism about finding a viable solution.

  • Innovation requires teamwork, the ability to persuade others, the patience to accept criticism, the flexibility to compromise and the open-mindedness to accept input from others.

  • The technology push model suggests the innovation process starts with an idea or a discovery. The market pull model suggests the stimulus for innovation comes from the needs of the market. The coupling model suggests interaction between innovators and the market.

  • Having the idea for an invention is often easy compared with transforming it into a marketable innovation.

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