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Innovation and Commercialisation

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Added on  2023-01-13

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This presentation discusses the importance of commercialization and the new product development process, with a focus on Samsung. It explores the commercialization funnel, stages of new product development, and the business case of the organization. The presentation concludes with the significance of innovation and commercialization in driving sales and growth.

Innovation and Commercialisation

   Added on 2023-01-13

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Innovation and
commercialisation
Innovation and Commercialisation_1
Table of Content
Introduction
Importance of commercialization and new product development process
Business case of the company
References
Innovation and Commercialisation_2
INTRODUCTION
Innovation refers to something new or
change in the existing product, field or idea.
Commercialization is an activity of bringing
new and modified goods and services in the
market. Samsung is the world largest
electronic company founded in 1938 . It
discussed the different types, process and
range of protecting ideas,business case.
Innovation and Commercialisation_3
Importance of commercial funnel
Commercialisation funnel
It is a marketing activities that includes the journey of a consumer when it goes through
making any kind of purchase. In context of Samsung, manager use this model to guide their
marketing efforts in the stages of sales funnel.It is an important for the company to attract
more customers and differentiate it from others competitors.
Innovation and Commercialisation_4

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