Since joining PARC, a Xerox company approaching its 10-year anniversary as a business for open innovation with multiple clients, I have been focused on the following question: just what will happen to invention and innovation in this second economy?
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Kelly started out as a chemist, giving her a unique non-traditional-lawyer perspective of invention and innovation.
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Earlier this year I outlined a vision to improve drinking water protection by harnessing invention and innovation.
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This brings us back to William Baumol and his point about the difference between invention and innovation.
But over time, manufacturing jobs gave way to service-sector jobs because of invention and innovation on the factory floor.
He is a senior research associate of the Lemelson Center for the Study of Invention and Innovation at the National Museum of American History.
When it opened it housed the 1876 Centennial Exhibition: new to the world American invention, innovation, and entrepreneurship the iPads and MacBooks of their time.
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The invention-innovation debate will continue, but the middle position Intel is carving out could emerge with increasing frequency as a way to balance the objectives.
There is absolutely nothing at all in being an entrepreneur that requires either invention or innovation: it is about the organisation of the factors of production.
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He embodies invention and innovation in how he manages the business, including how he defines management itself (see Chapter 11 of Radical Management by Steve Denning).
With this understanding in mind, invention and innovation is possible.
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"Some of the great places of invention were the old industrial research labs, " says Arthur Molella, director of the Smithsonian's Lemelson Center for the Study of Invention and Innovation.
But that is about invention and innovation.
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But invention is not innovation.
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This is the part of the process that is reliant on innovation and invention.
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The most profitable and predictable public companies are not hoping to set new trends through innovation or invention.
But the simple fact is that warfare, not venture capital, is the greatest underwriter of technological innovation and invention.
One benefit of our competitive nature is that we can turn the will-to-win into a drive for greater innovation and invention.
No surprise that, for every new venture that manages to turn an invention into a profitable innovation, hundreds of others fall by the wayside.
His huge 1981 tax cuts largely survived and helped set off a boom of innovation, invention and job creation that is still with us today.
As William of Ockham would suggest, the most useful answer is probably the simplest: We are confused because we are conflating innovation, invention and initiative.
Apple relies far more on innovation than invention: the high-resolution retina screen, miniature drives, voice recognition and other technologies in their products were invented by someone else.
The genius of what Apple did was not invention, but adjacent innovation, in effect, combining the best innovations of others to create a completely new and singular experience.
Innovation and invention can jumpstart economies, but only when accessible. 3D printing, personal manufacturing (as the MakerGear interview points to) is only the beginning of a new revolution.
The invention of movable type, an innovation of colossal impact, led to a proliferation of books and the dissemination of knowledge.
So, we swing away at the invention mole and happily report that innovation is just around the corner, because we are for sure!
The reason Microsoft keeps buying all these other companies is that even with 90, 000 employees it is singularly incapable of one iota of innovation, much less invention.
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Invention is about insight, while innovation is about impact.
In The Open Innovation Marketplace Bingham and Spradlin emphasise that we have to move to a future of on-demand innovation, on-the-spot invention, through open communities of science.
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