Read the summary and the most important questions on The Economics of Innovation An Introduction | 9781781007747 | G. M. P. Swann

• 3 chapter 3: basic concepts

• 3.1 main links in the linear model

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• What is the difference between innovation and invention

  Invention is about generation oc new ideas and innovation is the commercial application of invention

• What is the difference between innovation and techonological change

  Innovation is wider than only technical

• 3.2 different forms of innovation

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• Describe pure process innovation

  It simply changes the way in which a product is made, without changing the product itself

• Describe a pure product innovation

  It creates a new or improved product for sale without any change in the production process

• Describe innovative pricing

  It is a new way of charging for a product or service. It is commonly used by mobile Phone operators

• Describe incremental innovation

  It describes the steady stream of improvements to a particular product or process which do not change the character of that product in any fundamental way

• Describe architectual innovation

  It refers to a fundamental change in the way that certain components are pieced together to make a system while the basic components themselves little changed

• 3.3 protetecting invention

• What are two ways to protect your innovation

  Patent and keep it secret

• How can you protect intelectual property

  Compexity

• 3.4 two different theories of creativity

• What are the two theories of creativity

  Autonomy: in this state the creative mind neither knows or cares what her critics may say
  combinatorial theory: creativity calls for an ability to bring together habitually incompatible ideas and combine them in a way that gives deep new insights