Explain the difference between invention and innovation

Assignment Help Operation Management

Reference no: EM132241421

Scenario:

You are an innovation consultant that the company has hired to evaluate the situation and present recommendations on how the company should move forward. This assignment is in two parts. You are to produce a business report to present to Mr Kumar to provide background information about innovation and the processes of innovation development.

The business report will address the following:

1. Explain the difference between invention and innovation and their significance in an organizational context.

Reference no: EM132241421

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