Dyson Company's Business Operations and Activities
Added on 2020-11-12
8 Pages1959 Words473 Views
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Type of Innovation
Table of ContentsINTRODUCTION...........................................................................................................................3LO4..................................................................................................................................................3P7. Different tools that Dyson can use to develop, retain and protect knowledge as well asintellectual property................................................................................................................3M5 Present supported evidence-based evaluation of these different tools in the context of thewider business environment...................................................................................................5D1 Evaluate the nature of innovation and the context in which it is developed, providingevidence-based judgements on how Dyson can overcome challenges to develop successfulinnovations.............................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONInnovation a process to implementing an invention and ideas provide the best good andservices that would be helpful to attract customers. This idea is helpful for maintaining theeconomic cost, customer satisfaction etc. this new ideas is converted into a specific productlaunch in marketplace. Innovation is an essential part of every organization to implement a newidea for growth and development. Dyson is a product based company that designs ormanufactures different types of products such as cleaners, hair dryers, vacuum clear, blade-lessfans, etc. Innovation is very important for organization to expand their business in all over theworld. This is the best way to plan a new strategy and approach for generating a new product inmarketplace. The report will determine the different tools of Dyson that would develop a newproduct in marketplace.LO4P7. Different tools that Dyson can use to develop, retain and protect knowledge as well asintellectual propertyInnovation is the best technique to improve the quality of product in market place becausethey are basically using new strategies and approaches to implement a new idea for enhancingtheir business in other countries. Innovation is a long term plan to design an effective product thatwould be helpful for the customers (Barbero and et.al., 2014). For development, the humancreativity and intellectual property are very important for innovation to deal with this property.Dyson is a fast growing organization that always develop and launch a new product in market.Intellectual property plays an important role in business process to protect their ideas andinnovation by this law. They plan very successful concept, ideas and design helpful fororganizations to increase their positions in marketplace. There are different tools applicable todesign a new product and item for development as discussed below:Patents- This is an important part of organization for making an effective design for thepurpose of selling. Innovation is the best technique that allow to the business forincreasing their brand values in marketplace (Cimperman and et.al., 2018). They offeredmany processes and products in the market to achieve the competitive advantagesThey have different type of patents applicable in development as follows:1. Design – This patent is basically used in different articles and manufacturing the design aneffective way. This patent is use Dyson on their new product to presented in very effective ways.
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