Innovation and Commercialisation - Xln
Added on 2020-10-23
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INNOVATION AND COMMERCIALISATION
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1.................................................................................................................................................1P2. ...............................................................................................................................................3TASK 2............................................................................................................................................4P3 ................................................................................................................................................4P4 ................................................................................................................................................6TASK 3............................................................................................................................................7P5.................................................................................................................................................7P6 ................................................................................................................................................8TASK 4............................................................................................................................................9P7.................................................................................................................................................9CONCLUSION ...............................................................................................................................9REFERENCES ...............................................................................................................................9
INTRODUCTIONInnovation is the factor which helps to utilize fresh and advance application in order toexecute various function of enterprises. (Abou-Ras, Kirchartz and Rau, 2016). These changeshelps to sustain a strong position in the marketplace. This helps to achieve aims and objectivesof company in stipulated time. There are various types of advance technology which helps toexecute different types of operations of company in effective way. Innovation plays a significantrole in order to inculcate with various challenges and issues which arises in the future. Xln issmall organisation which provide various types of telecommunication service to the in UK. Themanagement assumes to implement various new and innovative technology which helps toattain growth in business and able to attract large number of customer. The management of thecompany ascertain different types of leadership approaches which guide employee to performvarious work. Implementation of 4P's of innovation helps to accomplish various functions oforganisation in effective manner. TASK 1P1.There are different types of innovative and advance techniques which helps to performvarious types of activities of company in effective way. This leads to improve the quality of thedifferent products and company also able to produce new range of products and supply it intomarket. These new and advance technology which helps to accomplish different types ofproducts and service to the customer (Huang and et. al., 2012). This aid to achieve the aims andobjectives of organisation. New and advance technology helps to produce different types ofnew and innovative products as per the demand and desire of different customer present in themarketplace. This helps to attract large number of client. This helps to maximise level of profitof enterprises. Importance of innovation in respect of inventionInnovation is the procedure by which company able to implement different kind of newand innovative technology within organisation. This helps to gain the productivity of system ineffective manner. The management of company precede various types of effective theory whichhelps to inculcate with various risk which are responsible to reduce the performance of thecompany. By gaining different type of knowledge from various theory it give confident and1
attitude of different employee working in organisation. There are assorted type of instrument andtechniques which are used by the Xln company to provide effective services to the organisation( Schroll and Mild, 2011). Difference between innovation and invention is explain in tabular form: Basis Invention InnovationMeaning It is concerned with variousmethods and process whichare responsible to developnew range of products andservices. It concerned on to accomplishdifferent types f operationwhich are perform by theemployee working in theorganisation. This helps tomake changes in the shape ,size and colour of the newproducts as well as existingproducts. Work A person can able to developnew idea which helps toproduce new products fordifferent customer. This helps to implementdifferent types of changes inthe existing products as per thelatest techniques which areascertain by company.Essential skills A person have the capabilityinvent advance techniqueswhich helps to produce newrange of products this helps toattract large number ofcustomer which are present inthe marketplace. Innovative technology helps toincrease working efficiencyof organisation which helps toexpand business in effectivemanner. This helps to performvarious kind of purpose ofcompany in effective way. In present document it is assumed that company implement various types of new andadvance techniques which helps to utilize various types of new and advance techniuqes in orderto maximise the level of profit of organisation (Wu and Zhou, 2012). Due to implementation ofnew and advance technology which helps to increase the fruitfulness of organisation in short2
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