the trait to innovate lesson 9 slide 9a. what does that mean? termdefinition innovationan...
TRANSCRIPT
The Trait to Innovate
Lesson 9
Slide 9A
What Does That Mean?
Term Definition
innovation an improvement on or a significant contribution to an existing product, process or service which creates value.
invention the creation of a product or introduction of a process for the first time.
Slide 9B
What Does That Mean?
Term Definition
associational thinking
drawing connections between questions, problems, or ideas from unrelated fields.
collaboration joint effort of multiple individuals or work groups to accomplish a task or project.
Slide 9C
What Does That Mean?
Slide 9D
Term Definition research and development
R&D; scientific and technological research and experiments made for the purpose of developing a new product, process, or service.
ReminderSlide 9E
Remember to visit http://c21student.com/flashcards/
to access the online flashcards!
Lesson 6 Objectives
Relate innovation to economic growth and prosperity.
Analyze the traits of an innovator.
Explore whether they have the traits of an innovator.
Create a plan to develop associational thinking skills.
Slide 9F
Slide 9G
VS.
Slide 9H
Innovation is design or
other changes applied to
existing products to improve
or advance them
Invention is creation of
product or process for the
first time
It’s All About
Innovation
Slide 9I
Traits of an Innovator Alert to
opportunity
Educated
Persistent
Accepting of uncertainty
Passionate
Associational thinker
Has vision
Cautious
Collaborator
Knows market
Slide 9J
The Big PictureSlide 9K
It’s all about innovation. When a society stops being innovative, commerce suffers, the economy stagnates, jobs are lost, businesses close, and people suffer. Innovators improve on or make significant contributions to an existing product or service which creates value in the product or service. They are well-educated, insightful, and persistent team players who have a passion for, and a strong belief in their mission. A good education and the ability to think associatively are traits of an innovator. Being 21st century financially literate means understanding and appreciating the value of innovation and innovative thinking to growth and prosperity.
Ponder and Predict
Americans are very innovative. In fact, most of the innovations that drove 20th century commerce originated in the U.S. with companies like IBM, Westinghouse, and General Electric leading the way. As the tech industry grows and commerce expands globally, the U.S. remains a top innovator. However, according to Bloomberg, a popular business and financial analysis site, two countries now outrank the U.S. in innovation. Which ones?
Slide 9L