Unit 5 (Invention and Innovation) Flashcards

1
Q

Define invention and innovation (2)

A

INVENTION
discover a principle –> technical advance in a field –> new product

INNOVATION
making an invention useful and economically successful

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2
Q

List the drivers for invention (5)

A

desire to:

-express creativity
-improve pre-existing tech
-explore/ experiment
-make money
-help others

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3
Q

Name the forms of intellectual property (4)

A

copyright, trademark, patent, trade dress/ design rights

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4
Q

Give examples of the kinds of IP copyright can protect

A

written, musical, dramatic, artistic

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5
Q

Give examples of the kinds of IP trademark can protect

A

words, logos, slogans

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6
Q

Give examples of the kinds of IP patents can protect

A

design innovations, new technology, new processes

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7
Q

Give examples of the kinds of IP trade dress/ design rights can protect

A

appearance of a product (shape, form, colour, style)

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8
Q

List the reasons for the shelving of technology (3)

A

high costs, poor technology, social incongruence

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9
Q

Distinguish between sustaining and disruptive innovation (2)

A

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)

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10
Q

Distinguish between architectural and modular innovation (2)

A

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

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11
Q

What is diffusion? Name the stages (5)

A

Diffusion is the rate at which a new product is accepted by a market.

innovators
early adopters
early majority
late majority
laggards

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12
Q

List the strategies for innovation (6)

A

Act of insight (sudden idea)

Adaptation/ technology transfer

Analogy

Chance (unexpected discoveries)

Technology push (solution looking for a problem)

Market pull (demand for innovation)

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13
Q

List a negative quality associated with being a lone inventor (1)

A

isolation, due to engrossment in ideas that imply change, and are resisted by others

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14
Q

Detail the purpose of a product champion (1)

A

to develop enthusiasm for a particular idea or invention within an organisation

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15
Q

Explain the role of the entrepreneur in product development (1)

A

to take an invention to market, often by financing the development, production and diffusion of the product into the marketplace

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16
Q

List the stages of the product life cycle (4)

A

introduction, growth, maturity, decline

17
Q

Name the types of product obsolescence (4)

A

planned (to ensure a continuing market)

technological (something more advanced replaces it)

functional (no longer works due to wear and tear, repairs/ replacements no longer available)

style (changing trends can make an older product no longer desirable)

18
Q

List Roger’s characteristics of innovation (5)

A

relative advantage (a product that is more efficient, affordable, etc)

compatibility (with social norms/ beliefs of target market)

complexity (or simplicity, of UI)

observability (market visibility)

trialability (ability to test out before investing time/ money)