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Term | Definition |
---|---|
Business plan | a document that defines a business's objectives and strategies which usually includes a business summary, market research, and plan for execution |
Creativity | the use of imagination or original ideas or an individual's ability to create |
Engineering design process | a series of steps that engineers or innovators can apply to develop a solution to a problem |
Entrepreneur | one who owns there own business |
Innovation | the introduction of something new |
Invention | something that has been produced for the first time through the use of imagination or of ingenious thinking and experiment the ability to create something new or the act of new process, product, or service |
Market research | this research helps to identify the value of the product that is being offered |
Patent | a writing securing for a term of years the right to exclude others from making, using, or selling an invention |
Prototype | a first full-scale and usually functional form of a new design of an invention |
Phase | a distinguishable part in a course, development, or cycle |
Project evaluation | an assessment of as if the goals of the project were accomplished |
Project schedule | a listing of the project's timelines, activities, and deliverables |
(RFP) | a legal document that is used to request proposals for a contract or service |