Innovation is not Invention: Innovation is sometimes confused with invention. Innovation is the successful exploitation of invention to solve a real-world problem. In other words, innovation is in the consumer’s eyes.
Many firms boast about the number of Patents they have but are silent about their business value. Guess what is United States Patent 5934226? Bird Diaper!
NEC has more than 70,000 Patents and IBM has more than 50,000! Invention is their patent scorecard and the resultant application is Innovation. The Rockwell example is well publicized. They found that October was their most innovative month of the year in terms of patent filings as employees could enjoy their vacation with their patent bonuses!
The justification that many patents may not be applied today but may be useful in future is debatable. For example look at Microsoft patent no 6,754,472 for ‘the method and apparatus for transmitting power and data using the human body.’ Wonder whether it will be ever used!
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1 comment:
Hi TK this is interesting.About the Microsoft Patent.Looks like they are upto something.I am a worried man :)
Kris
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