Invention vs Innovation – 5 Worst Dragon’s Den Ideas Ever
Entrepreneurs often confuse ideas, inventions, and innovations. Ideas are valuable but worthless until implemented, while inventions are ideas that have been made real to some extent. Innovations, on the other hand, directly address customers' challenges in a valuable way. Entrepreneurs who fail to differentiate between these categories create bad inventions with no market, overestimate the market, and ignore feedback. Such inventions do not translate into sustainable innovations.