http://blogs.harvardbusiness.org/cs/2009/06/are_you_an_inventor_or_an_entrepreneur.html This article raises some good questions. What do you think. Related Articles Contacting Companies – Cold Calling Step #12 Celebration The One Tip that Changed My Business Life’s a Pitch Thank you for reading. Comments are welcome and encouraged. Let me know what you think.

Plenty! When it comes to inventing and product development there are two different expressions of love. Consumers loving your product You loving your invention. Emotion plays a big part in consumer buying decisions and if you are not careful, emotions can get the best of you in the product development process. An idea ≠ invention, [...]

 The goal of innovation should be to create sustainable competitive advantage—not just create inventions with little or no market value. In order to compete, the product of service being offered must provide value to the consumer, be differentiated from competitors’ offerings, and be protected from imitation. Frequently employees and managers involved with product development are [...]

Engineers often joke that if one could not make the grades majoring in engineering, they changed their major to business or marketing. Whether you are an engineer or not, the role of business is essential to innovation and creating sustainable competitive advantage. The ultimate goal of a business venture is to create a profit and [...]

A friend asked me “is now a good time to be a product developer with the economy in a recession”. I answered “Yes, now is a great time”. Here’s why. As large companies reduce spending and staffing in R&D, there are fewer people to come up with new ideas. The people working in these companies [...]

The Invention Addict 12 Step Program to Invent—Going from Inspiration to Innovation. This is a series of posts on the 12 steps how to invent a product. A DIY class for Inventors. The eighth step is CONFIRMATION– Before you get too far along, you need to get confirmation or validation that you idea has merit. [...]

The Invention Addict 12 Step Program to Invent—Going from Inspiration to Innovation. This is a series of posts on the 12 steps how to invent a product. A DIY class for Inventors. The ninth step is COMMUNICATION– I mentioned this in my last two posts. There are three elements to consider: Who are you going [...]

I’m not exactly sure how this happened but I came across TWO awesome blogs that have become my new favorites. Why my favorites? First is the content. If I find a blog that stays on my RSS list, it has to have content that is relevent, fresh and actionable. I’m not just a warm and [...]

The Invention Addict 12 Step Program to Invent—Going from Inspiration to Innovation. This is a series of posts on the 12 steps how to invent a product. A DIY class for Inventors. The tenth step is CONVERSATION– We are getting close. You did your homework and now you have the interest of a potential licensee. [...]

The Invention Addict 12 Step Program to Invent—Going from Inspiration to Innovation. This is a series of posts on the 12 steps how to invent a product. A DIY class for Inventors.  The tenth step is NEGOTIATION– We are getting close. You did your homework and now you have the interest of a potential licensee. [...]