Innovation. Invention. Improvement. Irrelevant.

For this journal entry, we would like you to focus on the “Four I’s” matrix that we introduced in the lecture. This matrix is a way of thinking about ideas and opportunities and categorising them according to how valuable they are, as well as how novel and innovative they are.

The matrix includes four distinct categories:

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  • Innovation (high novelty, high value)
  • Invention (high novelty, low value)
  • Improvement (low novelty, high value)
  • Irrelevant (low novelty, low value)

For this assessment task, we’d like you to create a document where you share one product to fit each category. You should include a picture or link for each product and provide a brief explanation as to what the product is and why you think it belongs in the category you have chosen.

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