The joy of doing new things or what is the difference between invention and innovation (sometimes called (“discovery and invention”). Let’s take a closer look at this topic.
Innovation as a term is quoted in many diverse situations and workgroups. Another related term is Invention. While the dictionary meanings may be related, there also exist some differences between the two.
What is an invention? The invention is a larger set and innovation is generally a subset of the invention. When you invent something, you generally do it from scratch, while you may innovate on an existing process or product to improve its functionality. Here’s a quick example of innovation: just take this Google Ads case study course to learn more.
Also, the invention applies more to scientific areas and research disciplines. Innovation can apply to something as diverse as a switch hit or a doosra in cricket.
What You Should Target as a Product Manager: Invention or Innovation
I believe product invention (or innovative invention) is a fortuitous event and requires large Research and Development Teams. Even with big teams, the Invention of a new product is not generally guaranteed.
A few examples of product inventions would be a Personal Computer, a Mobile, an Alarm Clock, a Spreadsheet software, Bluetooth speakers, and e-commerce.
Product Innovation is a fortuitous event as well and may require smaller Research and Development Teams to start with although it should not be generalized.
A few examples of product inventions would be Google Search Engine, iPhone, Uber’s App, Amazon’s online platform, Facebook, etc.
Let us understand why the mobile phone was an invention.
It did what had never been done before: people communicating with each other using handheld devices and without the need to be stationary or attached to one location.