31sec snip

Naval cover image

Matt Ridley: How Innovation Works, Part 1

Naval

NOTE

Distinguishing Invention from Innovation

The distinction between invention and innovation lies in the prototype creation of a new device or social artifact as invention, while innovation involves turning the new device into something practical, affordable, and reliable. Innovation focuses on making the device desirable, driving down the price, and increasing its reliability and efficiency.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode