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Innovation and Commercialisation in EE limited : Report

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Added on  2020-07-22

Innovation and Commercialisation in EE limited : Report

   Added on 2020-07-22

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INNOVATION ANDCOMMERCIALISATION
Innovation and Commercialisation in EE limited : Report_1
Table of ContentsINTRODUCTION...........................................................................................................................1P1 Explain Innovation and invention .........................................................................................1P2 Organisational vision, leadership, culture, teamwork and innovation ..................................2M1...............................................................................................................................................4D1................................................................................................................................................4TASK 2............................................................................................................................................4P3 Innovation 4P's and their use.................................................................................................4P4 Frugal development and its importance.................................................................................6M2...............................................................................................................................................7M3...............................................................................................................................................7TASK 3............................................................................................................................................7P5 Commercial funnel and its importance..................................................................................7P6 Innovation business case........................................................................................................8D2................................................................................................................................................8TASK 4............................................................................................................................................9P7 Tools that an organisation use to retain knowledge...............................................................9M5...............................................................................................................................................9CONCLUSION................................................................................................................................9
Innovation and Commercialisation in EE limited : Report_2
Innovation and Commercialisation in EE limited : Report_3
INTRODUCTIONInnovation is a process through which an organisation produces something new with theavailable resources which is equipped with giving more advantageous and enhanced outcomes toadministration. Change may be brought in technique, commodity, procedure or arrangement ofpresent framework which is superior to the current one. Invention than is totally an alternate ideawhich comes about into presentation of completely another direction or service (Aarikka-Stenroos and Sandberg, 2012). EE limited is one of the biggest organisation in portable workingof Britain that has given the most recent innovation facilities to its customers. Given study is setup keeping in mind the end goal to comprehend the significance of changes in the concernedenterprise and in what manner it varies from invention will likewise be talked about in depth.Thereafter, different ideas identified with this concept like frugal alterations, 4ps of same andadvancement funnel, are given which improve understanding of user about how this concept canbe actualize in the current operations of an enterprise and developments can be experienced.TASK 1P1 Explain Innovation and invention Innovation is a diverse concept as it has various applications in the day to day operationsof an enterprise. It is a successful technique which assist management in exploring better ideaswhich can bring development and expansion in the various operations performed at the workplace. By applying to the innovative techniques the refereed organisation can increase itsrevenues, get better access to larger market share etc. Innovation can be done in different wayslike in case when alteration is done in the preset working procedures than it is refereed as atechnological innovation (Wonglimpiyarat, 2010). Apart from this alteration can also be broughtin the present supply or business models to observe change in the productive. It is generally seenthat the concept of innovation is considered as same as of invention which is not true. In case ifboth of them are same than invention should not bring much change in the present cost ofproduction to company as when invention is done higher financial resource need to be investedwhich ultimately increases total cost. By adopting the innovative technique EE limited canprovide better services to its customers which will further raise the customer satisfaction level1
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