3rd class..Novelty, Creativity, Innovation and Invention

Novelty..
(derived from Latin word novus for "new") 
The novelty effect, in the context of human performance, is the tendency for performance to initially improve when new technology is instituted, not because of any actual improvement in learning or achievement, but in response to increased interest in the new technology. The novelty effect, in context of psychology, is the tendency for an individual to have the strongest stress response the first time that individual is faced with a potentially threatening experience. Over time, as the novelty wears off, the stress response decreases.


why novelty is important?

• You are unlikely to be able to obtain any worthwhile intellectual property rights for an idea that is not novel. In most cases this means that your idea will have little or no commercial value. 
• An idea that is not novel cannot legally belong to you. If someone else owns the rights to it, you risk having legal action taken against you if you try to exploit it without their permission. Nor can you claim the idea as yours even if it has no legal owner (for example, if it is an old idea).

But even if an idea is novel, novelty on its own may not mean much. For an invention to have good commercial potential, it needs to be a significant improvement on prior art.

Whether or not an invention has a significant improvement depends on many factors. Some improvements may be small in technology terms but have high commercial value.

INNOVATION :)

Innovation is a new way of doing something or "new stuff that is made useful".

It is important to be clear as to what innovation is not. Innovation is NOT invention, even if invention is the mother of necessity. These two words are sometimes used interchangeably, but although connected they are not the same. An innovation is the extension of an invention.

 "Real" Innovation is accomplished consistently and systematically, given the true  process for delivering solutions.

Innovation has nothing to do with how many R&D dollars you have... It's not about money. It's about the people you have, how you're led, and how much you get it. :)

INVENTION .. :)

Inventions are easy to define but can be difficult to recognize. An invention is "the discovery or creation of a new material, a new process, a new use for an existing material, or any improvements of any of these."