Innovation and Commercialisation INTRODUCTION .3 MAIN BODY 3 LO1 3 Innovation and determine its importance to organisations in comparison with invention 3 How organisational vision, leadership, culture and teamwork can shape innovation and commercialisation4 Different sources of innovation, and how organisations can foster and develop an environment and culture of innovation.5 LO2 6 4Ps of innovation and use of the innovation funnel to examine and shape innovative ideas6 Innovation funnel and its application to M&S 7 Developments in frugal