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Frugal Innovation Development in Context of Company 7 D1.8 TASK 38 P7

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Added on  2020-06-04

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Tools can be used to protect intellectual property 11 D2.12 CONCLUSION 13 REFERENCES 14 INTRODUCTION Innovation refers to creating new ideas, procedure and methods which take place in an organisation. Every firm wants to make their product best and for this they are bringing new things in their products so that more customers can get attracted to it. It help firm to make better products and attract more customers because product are produce according to customer preferences.

Frugal Innovation Development in Context of Company 7 D1.8 TASK 38 P7

   Added on 2020-06-04

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INNOVATION ANDCOMMERCIALISATION
Frugal Innovation Development in Context of Company 7 D1.8 TASK 38 P7_1
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 .....................................................................................................................................1P1. Concept of innovation and its importance in comparison of invention ..........................1P2. Impact of organisational vision, mission, cultural and leadership on shaping theinnovation ..............................................................................................................................3TASK 2 .........................................................................................................................................4P3. Innovation 4P's and uses of funnel innovation.................................................................4P4. Frugal innovation development in context for company.................................................7D1...........................................................................................................................................8TASK 3 ..........................................................................................................................................8P5. Commercial funnel importance and NPD application.....................................................8P6. Business case of innovation.............................................................................................9TASK 4 .........................................................................................................................................11P7. Tools can be used to protect intellectual property.........................................................11D2.........................................................................................................................................12CONCLUSION .........................................................................................................................13REFERENCES ............................................................................................................................14
Frugal Innovation Development in Context of Company 7 D1.8 TASK 38 P7_2
Frugal Innovation Development in Context of Company 7 D1.8 TASK 38 P7_3
INTRODUCTION Innovation refers to creating new ideas, procedure and methods which take place in anorganisation. Innovation is very important concept now a days. Every firm wants to make theirproduct best and for this they are bringing new things in their products so that more customerscan get attracted to it. When this innovation can implied in business that is calledcommercialisation (Adner and Kapoor, 2010). Innovation can take place in terms of productfeatures, production methods and other. By innovation both customers and employees getbenefit. The company which is taken into consideration for this particular report is EE. Its is smallbusiness enterprise in UK. The company provide network services in UK. It provide mobile andinternet services to customers. The company is largest 4G provider in United kingdom. In this report the difference between innovation and invention is mention. The impact ofvision, mission and culture on shaping innovation in an organisation. The innovation 4P's beendiscuss in this assignment (Brown and Wyatt, 2010). Concept of frugal innovation andimportance of commercial funnel has been given in this project. The business can has beendevelop and the various tools by which intellectual property can be protected has been describein this project. TASK 1 P1. Concept of innovation and its importance in comparison of invention Innovation refers to creating something new so that business problems can be solved ineasy manner. It help firm to make better products and attract more customers because product areproduce according to customer preferences. By this new procedures and methods can beintroduce in an organisation. EE limited is a company those who provide network services bywhich customer can communicate with each other. It largest internet providing network by whichcustomer can access to any information very easily. This enterprise bring new ideas so that theycan make their business more better. They are successfully satisfying customers needs andwants. As like apple and virgin those who innovate their products in regular manner. Apple isproducing iPods and they are coming up with new designs, features every years by which theyoffer something unique to its loyal customers. 1
Frugal Innovation Development in Context of Company 7 D1.8 TASK 38 P7_4

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