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Unit 1 Ip for Advanced Enterpreneurship

In: Business and Management

Submitted By suburbanmomma
Words 852
Pages 4
Abstract
Innovation can be defined as, “something new or different introduced” or, “introduction of new things or methods” (Innovation, 2013). Innovation; however, can mean various things to various individuals. For individuals in the business scene, innovation can be seen as transforming a financial worth for consumers, opportunity that can lead to employment, or improving something that is already in existence. One must keep in mind that if innovation didn’t exist, businesses would fall apart.

Viagra and Innovation
There have been several instances where businesses and individuals have purposely wanted to create innovative products. There have also been several instances when businesses and individuals try to make one specific product, and accidentally create something way different. This is an example of innovation.
There are a lot of innovative products that have been brought to the market over the past few decades. Some examples are: digital cameras, the Internet, and MP3 players. The product that I have chosen that in my opinion was an accidental innovative product as well as a miracle product for several men in Viagra. I believe that this product was discovered accidentally because Viagra was actually intended for treating high blood pressure, and it was discovered to help treat men that had E.D. It enabled men to have more control of their sex lives with the aid of a small blue pill. If this is not considered innovation, then what is?
When the primary clinical trial took place, Viagra did not actually help high blood pressure as intended; however, it gave men penile erections instead. When the second clinical trial took place, it was decided that Viagra would be used to treat E.D. After becoming patented in 1996, Viagra was brought to the United States, where it was approved by the USFDA in March of 1998 (Parnham,...

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