Final answer:
Participants are instructed to design a new product, explain its purpose, seek feedback, and improve their design based on that feedback. This method reflects the scientific approach to product development and underscores the importance of collaboration and clear documentation.
Step-by-step explanation:
In the chart for inventing or improving a product, participants are instructed to first envision the future by designing and drawing a picture of a new product. They must then explain what need or purpose the new design is fulfilling. Following this, it is important for participants to seek out feedback from others, which they can use to redesign their product. This iterative process is indicative of the scientific method used in business and product development, and emphasizes the collaboration among peers for refining ideas. Additionally, understanding that inventors often receive only a portion of the economic benefits, acknowledges the shared value created through innovation. Therefore, proper recording and presentation of the work, following set layouts, is crucial for clarity and replicability.