GD Topic - Innovation Vs Invention: What does the world need?
Candidates taking the MBA entrance exam must prepare for the Group Discussion round.“Innovation and Invention” are two different, yet important concepts for human progress, which face a lot of debate as to what shapes the modern world better. Learn about innovation and invention, and their importance on this page.
Innovation v/s Invention
GD Topic - Innovation Vs Invention: Group Discussion is an important step in the MBA admission process. The GD round tests candidates on their communication skills, critical thinking, and leadership skills. Top business schools like IIMs, XLRI Jamshedpur, and SPJIMR shortlist students for the GD/PI round based on their scores in the MBA entrance exam. To secure a seat at your desired business school in the target MBA course, students must perform well in both the entrance exam and the GD round. Check out this page to know about innovation and invention for your group discussion topic.
Check Out: Top B-Schools in India
- Innovation Vs Invention
- What is Innovation?
- What is Invention?
- Top Group Discussion (GD) Topics for MBA GD/PI
Innovation Vs Invention
“Innovation distinguishes between a leader and a follower.” This statement by Steve Jobs shows the transformative power of innovation. However, our history shows how inventions changed human civilization. From wheel to aeroplane, TV to space programmes, innovation and invention have equally participated in the growth and development of the world. While invention means creating something new from scratch, innovation means improving what already exists to make it more accessible and practical.
Although both invention and innovation are important to humanity, people always debate over which is more important. Check out the space below to learn about the meaning of both and the need of the world today.
What is Innovation?
Innovation means improving and modifying the existing product or service. The improvement is done by applying the existing technologies or processes. Innovation basically enhances the usage, efficiency, and accessibility of a product or service.
For instance,
- Communication: The innovation from telephones to mobile phones was done by Motorola. It allowed people to communicate around the world easily.
- E-commerce Platforms: Amazon innovated the retail experience and changed consumer habits by enhancing the online shopping experience with logistics.
- Transportation: The innovation of electric vehicles by Tesla paved the way for the automotive industry towards sustainability.
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What is Invention?
Invention means to create something new that did not exist before. With invention, scientific discoveries and technological advancements are made.
For instance,
- Communication: The invention of the telephone by Alexander Graham Bell gave rise to global communication networks.
- Vaccines: Edward Jenner’s invention of the smallpox vaccine saved millions of lives by creating the foundation for immunology.
- Printing Press: The invention of the printing press by Johannes Gutenberg helped publishers in the mass production of books. It made information more accessible to the people.
Innovation or Invention: Which One is Important?
Innovation and Invention are both are equally important for a country's success and development. Invention creates new possibilities. It helps improve the present and address the unknown challenges. For example, the invention of the airplane by the Wright Brothers was a revolutionary step in transportation. Innovation makes inventions convenient and accessible. For example, when commercial aviation brought development in airplanes. It transformed global travel and trade and made it easy for people to access air transportation.
Innovation or Invention: What Does the World Need?
If we consider today's fast-paced world, innovation seems to be the answer to the question. It is because, with innovation, we can get quick and efficient solutions to our problems. However, if we consider the long-term growth of the nation, invention is better. This shows that keeping focus on one and ignoring the other is not the solution. Thus, a country must make a balance between innovation and invention. A proper balance between both can help a country attain sustainable development.
Also Read: Union Budget 2024: Are the New Income Tax Slabs a Win for the Middle Class?
Top Group Discussion (GD) Topics for MBA GD/PI
Candidates preparing for the Group Discussion Rounds for admissions in MBA at B-schools can check out the below GD topics:
- Importance of Statue of Unity
- Citizenship Amendment Act - What and Why
- Making Aadhaar mandatory is not a good idea- for or against
- Implications of CAA-NCR
- Cashless Economy – Is India ready for it?
- All you need to know about Right To Information
- How can we control banking frauds to reduce NPAs?
- Statue of Unity - Symbol of Pride or Wastage of Public Money?
- Rural vs Urban India
- Environment and us
- Self Motivation
- First impression is the last impression
- Funding Democracy: Are Electoral Bonds a Boon or Bane?
- Bharatiya Nyaya Sanhita (BNS): Reforming Criminal Law for Better or Worse?
- PM Internship Scheme: How Effective is it in Enhancing Youth Employability?
- Crime Against Women in India: Who Bears the Responsibility?
- Job Reservation in Private Sector: A Boon or a Barrier?
- India’s Historic Performance at the Paris Paralympics 2024
- UCPMP 2024: Strengthening Ethical Standards in Pharmaceutical Marketing
- Global Food and Hunger Crisis: India Ranks 105 at Global Hunger Index 2024
- Making India a Semiconductor Powerhouse: The SEMICON India Programme