Invention and innovation
Invention is the formulation of new ideas for products and processes.
Innovation is all about the practical application of new inventions into marketable products or services.
Most of us have visions of mad inventors who come up with ideas, with no practical use. Like everything else in business studies, we are interested in activities that actually help the firm meet its objectives, such as growth, profitability, increased market share or stability - so it is innovation, rather than invention, that really counts.
- Patent is a A government authority to an individual or organization conferring a right or title, esp. the sole right to make, use, or sell some.
- Copyright is the exclusive legal right, given to an originator or an assigner to print, publish, perform, film, or record literary, artistic.
- Trademark is a symbol, word, or words legally registered or established by use as representing a company or product.
Here are some links showing you some articles representing patent, trademark and copyright....
Hi Emilie
ReplyDeleteGood information researched here. To improve you could have commented on the article researched and discussed the laws effect. Why do we need them? Why can they be a bad thing?