Differentiate Innovation and Invention.

4 years ago
Principle of Management

Innovation means the use of creative ideas. It is not only relevant to high-tech enterprises but also crucial for old-line, traditional companies, which may not service without the infusion of innovation.

Ex: A new product or a service.

Invention means really finding new things that are not already available. It is mostly applicable in the field of science. Ex: Invention of radio.

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Susmita Sah
Susmita Sah
Jan 13, 2022
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