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- W201445944 abstract "This paper explores the concepts of invention and innovation as mechanisms which play a vital role in achieving a firm's strategic objectives. Too often the terms invention and innovation are used interchangeably. However, a definition for each is provided that clearly shows their distinguishing characteristics. Included is a comparison of the environments that support invention and innovation. Similarities, such as the fact that neither is highly compatible with sustaining operations, are described and discussed. Key differences inherent in the fact that invention is an event and innovation is a process are also discussed. This paper includes a statement of the impacts of innovation and invention on organizational competitiveness. Also included are guidelines for considering innovation and invention as distinct strategic alternatives in the strategic planning process. 1 ref., 1 fig." @default.
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- W201445944 modified "2023-09-26" @default.
- W201445944 title "Invention and innovation: Alternative mechanisms for enhancing organizational competitiveness" @default.
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