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ANNOUNCEMENT: As of August 2024, Project Lethe is no longer updating this site. Feel free to continue to use it! Thank you, from the Lethe Admin Team!
The purpose of ‘Research and Development’ is to provide continual advancement and to launch new products to satisfy customers in a profitable way.
The purpose of ‘Research and Development’ is to provide continual advancement and to launch new products to satisfy customers in a profitable way.
Research:
Refers to investigating the unknown → new products and processes
Development:
Uses research findings to create products that might be commercialised
Improving existing processes or products
Innovation: The process of commercially pioneering new ideas and creations in the production process
For example:
Discovery of new production processes
Successful exploitation of creative ideas
Introduction of new products
Entering new markets
Adaptive Creativity vs Innovation Creativity
Creativity: A vital prerequisite to innovation. The process of generating new ideas.
Adaptive Creativity: A category of incremental innovation that adjusts or develops something that already exists
Innovative Creativity: Involves creating something new
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