Innovation and Its Impact

The video tutorial begins by defining innovation, tracing its roots to the Latin words 'In' and 'Novare', meaning to make something new. It then offers a working definition of innovation as creating value from ideas, which can be commercial or social. The tutorial provides the motorcar as an example, explaining how it revolutionized transportation and opened up new possibilities.

What is the primary focus of innovation according to the video?

• Creating new technology

• Generating value from ideas

• Inventing new products

• Improving existing systems

Which of the following is an example of commercial innovation mentioned in the video?

• The smartphone

• The internet

• The light bulb

• The airplane

Who is often mistakenly credited with inventing the motorcar?

• Henry Ford

• Nikola Tesla

• Karl Benz

• Thomas Edison

What was a key technological advancement that helped transition from horses to cars?

• Nuclear engines

• Steam engines

• Electric engines

• Internal combustion engines

What kind of possibilities did the development of the motorcar open up?

• Only commercial possibilities

• Only social possibilities

• Only technical possibilities

• Social, technical, and commercial possibilities