A pain point is a problem that a business seeks to address with its goods and/or services. With summer coming into full swing, Jimmy realized that he could address the pain point of thirst by opening a lemonade stand.
- Inside Innovation: Tackling the World's Most Pressing ProblemsIn a KWHS article on innovation, Jamie Lee Solimano, a finalist in the 2013 Intel Science Talent Search for high school students, defined innovation like this: “To shift society or have an impact, you have to introduce something novel.” While invention is indeed one aspect of innovation, it is also so much more. In this first part of a four-part audio podcast for educators on innovation and the art of problem-solving, Saikat Chaudhuri, executive director of the Mack Institute of Innovation Management at the Wharton School; and Rob Shelton, global innovation strategy lead at PwC, discuss innovation basics and how it is related to critical thinking and problem-solving.
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