Unit 5 (Invention and Innovation) Flashcards
Define invention and innovation (2)
INVENTION
discover a principle –> technical advance in a field –> new product
INNOVATION
making an invention useful and economically successful
List the drivers for invention (5)
desire to:
-express creativity
-improve pre-existing tech
-explore/ experiment
-make money
-help others
Name the forms of intellectual property (4)
copyright, trademark, patent, trade dress/ design rights
Give examples of the kinds of IP copyright can protect
written, musical, dramatic, artistic
Give examples of the kinds of IP trademark can protect
words, logos, slogans
Give examples of the kinds of IP patents can protect
design innovations, new technology, new processes
Give examples of the kinds of IP trade dress/ design rights can protect
appearance of a product (shape, form, colour, style)
List the reasons for the shelving of technology (3)
high costs, poor technology, social incongruence
Distinguish between sustaining and disruptive innovation (2)
SUSTAINING
the continuous, iterative development of a product through its lifecycle (eg. iPhone, original to X)
DISRUPTIVE
a product that challenges existing companies to either ignore or embrace a technological change (eg. 3D printing)
Distinguish between architectural and modular innovation (2)
ARCHITECTURAL
how individual parts of the design are arranged and interact with each other
MODULAR
changing a single part of the design, while other parts remain unchanged
What is diffusion? Name the stages (5)
Diffusion is the rate at which a new product is accepted by a market.
innovators
early adopters
early majority
late majority
laggards
List the strategies for innovation (6)
Act of insight (sudden idea)
Adaptation/ technology transfer
Analogy
Chance (unexpected discoveries)
Technology push (solution looking for a problem)
Market pull (demand for innovation)
List a negative quality associated with being a lone inventor (1)
isolation, due to engrossment in ideas that imply change, and are resisted by others
Detail the purpose of a product champion (1)
to develop enthusiasm for a particular idea or invention within an organisation
Explain the role of the entrepreneur in product development (1)
to take an invention to market, often by financing the development, production and diffusion of the product into the marketplace