Members: Lee Qian Yi‚ Mai‚ Sharon‚ Alicia Poon‚ Terence Tan Learning objectives: 1. Appreciate the importance of innovation for business and the national economy 2. Understand the nature of innovation and able to distinguish between invention and innovation 3i. Describe the activities associated with innovation 3ii. Appreciate the part business models play in innovation 4. Understand the link between innovation and diffusion Note: The words in blue are our
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known of such "open letters" are patents of appointment (of officers‚ military‚ judicial‚ colonial)‚ patents of nobility‚ patents of precedence‚ patents of land conveyance‚ patents of monopoly‚ patents of invention. Patents of invention confer the right to exclude others from using a particular invention. When the term "patent" is used without qualification‚ it nowadays refers usually to inventors’ rights. Similarly‚ the French "brevet‚" derived from the Latin "litterae breves" (brief letters)‚ is a document
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the grant of patent of the same. The appellant had first filed an application for patent in Chennai Patent office on July 17‚ 1998. The appeal was filed for grant of patent for Imatinib Mesylate in beta crystalline form which they claimed to be an invention on the following grounds: • It has more beneficial flow properties. • It possesses better thermodynamic stability. • Compared to alpha crystal form of Imatinib Mesylate‚ it has lower hygroscopicity. It claimed that the above property made it
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content is interesting‚ the organization is very well and the reaction is stronger. Firstly‚ the content is interesting. The author introduces the life of Elijah McCoy; also‚ it contains how to invention. For example‚ the author states “On July‚ 12‚ 1872‚ McCoy received the patent for his first invention‚ an automatic lubricator for steam engines‚ patent #129‚843” (Nader‚ 1992‚ p. 29). It not only lets reader know McCoy invent a product‚ but also gives rise to the expression “The real McCoy”. After
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routes take. This can be done by a planner. Choices are of 4 types: Rational Intuitive Recognition based Combination Necessity: There is a great quote “necessity is the mother of invention ” this directly translates that our necessities lead to inventions. Many great scientists were able to make great inventions only due to the necessity of the society. Change due to choice: Today we are in the dilemma that what to choose and what not to? But at last we all have to choose one of the way. We
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From television sets to computers‚ many original inventions have emerged from the turn of the century. Along with these fresh inventions comes a set of completely new types of danger from breaking up familial ties to easy access of drug related information. Media outlets‚ that were considered revolutionary a century ago‚ are beginning to show their harmful effects in today ’s society. Parents should find new solutions to these problems instead of ignoring them because most American families own some
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they can innovate‚ there will be large numbers of innovations in the company. The disadvantage of intrapreneurship is that the company has a low level of control over invention activities and the cost of invention can be very high. The reason is that very few inventions are perceived to have value in the market place. So‚ most inventions cannot be developed into products for the market place. However‚ this disadvantage can be viewed as an advantage‚ as well. The chemists employed within the corporation
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War‚ but his most famous invention‚ the cotton gin‚ set the economic stage for war. Whitney’s gin made cotton production far more efficient‚ fueling the need for more Southern slaves and enriching powerful planters. Another Whitney invention--muskets with interchangeable components--inaugurated manufacturing systems for producing uniform parts‚ without which the U.S. economy might never have produced enough weapons to fight such a lengthy war. It only took one invention by a legendary man‚ Eli Whitney
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individual begins the process of transforming her thoughts into a final product Invention and Innovation There is a subtle difference between these two words‚ but it is an important one for Business Studies students. * Invention if the formulation of new ideas for products or processes * Innovation is all about the practical application of new inventions into marketable products or services Invention example: 1. The Telephone 2. The History of Computers 3. Television Innovation
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How Dynamite shaped world cultures While Sweden is filed with many different types of inventions I believe that one invention stands out above all the others. I believe that Sweden’s most important contribution to the word is the invention of dynamite. Dynamite is used so much that it is a house hold name‚ and without dynamite many of the places we visit or roads we use would not be possible. Also without many of the things that dynamite has contributed to the cultures of our world would
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