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Chapter 2. Formulating the Idea > Management of Innovation

Management of Innovation

The existence of prior art can be a good problem to have. Inventors must openly disclose any prior art they are aware of when they submit inventions. Having prior inventions in areas that are close to your ideas is a good for reasons of endorsement and validation of your idea, but (as we previously mentioned) inventors must now be able to strengthen their idea beyond the prior art. Find ways that your idea is truly unique from the prior art and explain this in writing. State the identification of the prior art; the differences your idea expresses from that of the prior art. This will be extremely helpful towards validating your idea.

Ensure there is a problem you are trying to solve with your idea and that it is the problem you started out trying to solve. Make sure that your solution has significance towards resolving the problem you have identified. At this juncture, you can (in some ways) determine the high/low-value aspects of the new idea and maybe even speculate on the value as it might pertain to justifying a business reason for the idea. A high-value idea would be one that applies to many, and many would be interested in your solution. Sometimes, high-value ideas have associated with them more increased legal expenses, and in fact, sometimes budgets for defending these ideas are set aside, early-on in corporations.


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