Innovation Activity

Activity Time:

60 Minutes

Are your students able to take a product and apply their own entrepreneurial talents to make it even better? You’ll find out. Once an existing item is introduced, students will need to practice creativity, creative destruction, consumerism, and – if you choose – collaboration to introduce a new, better product.

Key Topics

Demographics
Empathy
Geographics
Psychographics

Relevant Principles

Freedom
Opportunity
Passion
Sound Judgment

Real-World Concepts

Creative Destruction
Innovation
Market Signals
Property Rights
Trial and Error (Failure)

Materials Needed

Large Sheets of Paper
Markers or Colored Pencils
Sample Item (Physical or Picture)
(Prototype Materials – Cardboard, Glue, etc.)
(Empowered Currency or Bonds)

Students, individually or in small groups, will become “Research and Development” (R&D) experts to improve on the product they are given. They’ll need to consider their customer, be creative and imaginative, and factor in the real-world challenges of trial and error to create something that is better than when they started.