The Difference Between Invention and Innovation Is

question 41

Multiple Choice

The difference between invention and innovation is

• A)Invention requires an inventor, innovation requires no individual person
• B)You must innovate before you invent
• C)Invention is the development of new knowledge, innovation is the commercialization of it
• D)An inventor is guaranteed a payment, an innovator is not

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Definitions:

Tactical Planning

The process of developing detailed, near-term strategies to achieve specific goals or objectives.

Time Management

The process of organizing and planning how to divide one's time between specific activities to increase effectiveness, efficiency, or productivity.

Forecasting

The process of making predictions about future events or trends based on current and historical data analysis.

Planning And Controlling

Involves setting objectives, establishing strategies to achieve those objectives, and then guiding the organization in the execution of these plans while monitoring progress and making adjustments as needed.