Big Idea Case Study

Patent: A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.

A patent is a legal document giving inventors the property right to their own invention. A patent didn’t always mean the rights to an invention though. A patent used to mean a special privilege or favor. It also could be used to acquire more land or obtain rights to explore a new land. Presently the patent is used only for the rights to your invention. Virginia Alexandrea from The United States Patent and Trademark Office wrote the article “General Information Concerning Patents” where she described what Patent rights include.

→ high focus on sales/technical knowledge; high customer-centric outlook; flexibility in meeting needs of customer key to success; unique/comprehensive business structure (engineering, manufacturing, and distributing of various filtration products and systems

Invention is the result of a long study, research, and experimentation (Innovation, n.d.); Innovation is “the discovery and the execution of pioneering ideas that create value” (Greco, 2011), in other words, new application of known concepts. A practical example of invention is the alkaline battery that provided a light-weight, small, and portable power source; innovation applied this concept to anything possible from communication devises, mecanich and construction tools, and even toys. Technical workstream leaders understand that innovators are today’s competitors reducing times, and maximazing profits with new techniques; but inventors have the potential to reshape the landscape of today’s markets leaving dominant companies out of bussiness. Who remembers door-to-door salesmen or “dear John”

Basically the concept is that technical knowledge and new product development should not be shared with external parties, because the knowledge and ideas could be abused by business partners. Many product innovations in here often do not make it t the market, so the company needs to obtain as much ideas as possible.

This essay is going to analyze a case study based on lean thinking principles and techniques. It could divide in five significant parts. First, outline the definitions of a sequence of process and techniques, next introduce the categories of costs and benefits in establishing the cell, and also non-financial benefits which be taken into account, furthermore, critically discussed the stage should Deane sell his idea to the Joinery Manager and the workers, and additionally, evaluated four main differences of cell work in main Joinery Department, and illustrated the risks in Deane 's suggestion at final.

A recent article from BigThink, written by Philip Perry, discusses a group of researchers who have found the source of anxiety within the brain. Mazen Kheirbek, Ph.D, the head researcher of this study, stuck a miniature microscope in the brains of mice in order to find what he is now calling “anxiety cells”. Kheirbek put the mice in strenuous situations that would cause them to have anxiety, he then looked for the part of the brain that had the most activity; thus he was able to find the location of the cells. This new discovery is a big step in creating better medications for anxiety sufferers. Current anxiety medication prescribed by physicians are only partially effective at controlling anxiety; Kheirbek states that medication that can

For this reason, innovation very often comes from the “little-guy” or “a nobody”--the person or team working out of their garage with the vision to change their industry and and the high aptitude for

In chapter one, one main idea concept is firms. Firms can be small or large in scale and simply attempt to make maximize profits or make as much money as possible. Firms take inputs and combines them to add value to what they produce. Firms choose what to produce, how to produce it, where to produce it, the amount of what they produce, and the price to sell their product. A real world example of a firm can be as simple as selling cheap umbrellas on a rainy day. Because it is raining, people are more likely to buy an umbrella, regardless of the quality or price. One detail about a firms that stood out to me was the sentence about the chef who spent $30 on groceries and made an $80 meal. Firms want to spend the least amount of money as possible

Jim Collins and his research team of 20 compared and contrasted how many companies made the leap to greatness and how other companies didn’t. Based on bundles of evidence and a large quantity of data, he and his team uncovered how

     Our assignment is to create and promote an innovative product. In developing a new product, we started with an idea generation. This is a systematic search for new-product ideas. Companies go through many ideas before they come to find some good ones. We had to do the same thing. We thought of many ideas on our own. It was more of an internal idea source as opposed to going outside of our partnership for ideas. Our first idea was a restaurant with half of it an actual restaurant and the other half an automobile tuner shop. The next idea was a new energy drink that would be less costly and better tasting. Our next idea came up when we were sitting

A patent is an exclusive right granted for an invention, product or process that provides a new way of doing something, or that offers a new technical solution to a problem. An invention in general must fulfill certain criteria in order to be protected by a patent. For example, the Patents Act, 1970 in S. 2(1) (j) defines invention as a new product or process involving an inventive step and capable of industrial application. In other words, an invention in order to be patentable must show an element of novelty, must show “an inventive step”, and must be of practical use. Particularly, the Patents Act, 1970 defines “inventive step” as a feature of an invention that involves technical advance as compared to the existing knowledge or having economic significance or both and that makes the invention not obvious to a person skilled in the art. In other words, patent rights are not available for new advances that are merely obvious extensions or modifications of prior designs. Besides, the requirement of difference over prior art, there is a requirement to establish the extent of common general knowledge that exists while

The patent rights can be granted to these types of intellectual property as stated above. The patent right for an invention will last for a period of 15 years. Utility models or industrial design patents last for five years.

In the beginning lectures, I had no idea that brainstorming and conceptualizing an idea was part of an elaborate process to generate good product ideas. Great inspiration and a creative idea require deep thinking. I have learned that opportunity identification involves looking into the problems first rather than diving

1. Idea Generation: Idea generation is the actual development of ideas that can become products or services. Either competitors, employees, suppliers, or customers can be the generators of these ideas. Idea generation is the first step in the offered get development process and is often the least costly financially speaking.