Strategic Solutions for Delamere Dairy Drinks: Importance of Commercial and Innovation Funnel
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Added on 2023/06/17
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This presentation discusses the challenges faced by Delamere Dairy Drinks and how to apply commercial and innovation funnel for strategic solutions. It also explores frugal innovation, required resources for innovation development, and tools to protect company intellectual property rights.
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DAIRY DRINKS
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TABLE OF CONTENT •INTRODUCTION OF COMPANY AND THEIR CHALLENGES •ANALYSIS AND APPLY THE IMPORTANCE OF USING COMMERCIAL AND INNOVATION FUNNEL FOR STRATEGIC SOLUTION OF PROBLEMS •MATCHING GOALS TO RESOURCES AND CAPABILITY •APPRAISE FRUGAL INNOVATION •APPLICATION OF COMMERCIAL FUNNEL FOR NEW IDEA •REQUIRED RESOURCES FOR INNOVATION DEVELOPMENT •EVALUATION OF TOOLS TO PROTECT COMPANY INTELLECTUAL PROPERTY RIGHTS OF NEW DRINK •REFERENCES •CONCLUSION •REFERENCES
INTRODUCTION OF COMPANY AND THEIR CHALLENGES •Delamere dairy industry is all about provides services in food processing. They mainly provide milk product in UK. •Also, they expand their business in international market. •Company has their own supermarket and their own brands of products.
ANALYSIS AND APPLY THE IMPORTANCE OF USING COMMERCIAL AND INNOVATION FUNNEL FOR STRATEGIC SOLUTION OF PROBLEMS Matching goals to resources and capability: •Application of innovation can highly influence business performance throughout the international market. •Its essential that company when produce product they should also develop and applies some innovative product.
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APPLICATION OF COMMERCIAL FUNNEL FOR NEW IDEA •Commercial funnel is all above technique which develops for the consideration or marketing activity that product cost, quality, services audience like or not. •Identification of market research company can easily develop innovative idea and develop new opportunities as well.
•Cost is one of the major important aspectbecausewithoutcost company not produce new product. •Ontheotherhandmilkand machines are also essential for this particular business. •Timely availability of goat milk for production of new product and engagement of new product which iscompulsoryfornewproduct expansion. REQUIRED RESOURCES FOR INNOVATION DEVELOPMENT
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EVALUATION OF TOOLS TO PROTECT COMPANY INTELLECTUAL PROPERTY RIGHTS OF NEW DRINK: •Patents, Trademark, Unique symbol: •It generates uniqueness and different product knowledge. Its essential that company consider this aspect because it is the only option which influences audience attraction. •Almost every organization those produce product they consider developing their individual product tread market.
REFERENCES •Roumani, F., and et.al., 2021. Loop-mediated isothermal amplification combined with immunomagnetic separation and propidium monoazide for the specific detection of viable Listeria monocytogenes in milk products, with an internal amplification control. Food Control. 125. p.107975. •Xia, F. and Wan, J. B., 2021. Chemical derivatization strategy for mass spectrometry‐based lipidomics. Mass Spectrometry Reviews. p.e21729.