Innovation with a Small Business Context

INNOVATION WITH A SMALL
BUSINESS CONTEXT

Please put a good table of contents this is a photo and put number pages
Table of Contents
..........................................................................................................................................................3
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
P1. Innovation and its importance for organisation compare with invention.............................4
(no citation , you relied too much on generic information, your work should aligned to
chosen organisation.....................................................................................................................4
P2. Organisational vision, leadership, culture and teamwork can shape innovation and
commercialisation.......................................................................................................................5
P3.4 P's of innovation .................................................................................................................6
P4. Developments in frugal innovation.......................................................................................7
P5. The importance of the commercial funnel and the application of New Product
Development (NPD) processing for commercialization of innovation. .....................................9
P6. Build an Innovation Business Case for an organisation, including ways to access funding.
...................................................................................................................................................10
The business case for innovation..............................................................................................10
P7. The different tools that organisations can use to develop, retain and protect knowledge and
intellectual property..................................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
The innovation and inventions means the introduction of new product in the market. The
product which is introduced in the market can be completely a new product or the product can be
an existing product which is renovated according to the needs and preferences of the customers.
Every company wants their products and services to rule the market, but the customer
preferences and the market strategies changes very frequently which can make the product old
and useless for its customers. In this, the companies do a market survey in which the current
situations of the market in context of customer’s needs are evaluated. Report will highlight
innovation and its importance for organization. (Wang, 2017)
You were required to provide some basic information about your chosen organsation
MAIN BODY
P1. Innovation and its importance for organisation compare with invention
(no citation , you relied too much on generic information, your work should aligned to
chosen organisation
INNOVATION INVENTIONS
Innovation is a value addition of a device,
product line or ideology through altering the
basis of delivering the higher value to
consumer & services in persistently for
innovating environment. It requires extensive
research and study and complex process.
Invention is an introduction of device, new
product line or ideology which is based on
experimentation and study. Where Chilly Ltd.
can get inventions registered by its own name
through virtue of a patent.(Thakur, 2018)
Chilly Ltd. needs to produce innovative
services. A fast innovation firm like Chilly can
have an edge in term of growth. Even smaller
scale companies like Chilly Ltd. can grow
through bounds and leaps.
Inventions can be defining as the development
of new products and selling them in market.
Then the society can't reap the profit of a such
theories.
Innovation attract talent. In Chilly Ltd. if the
talented people work, then they provide a
greater opportunity for the firm to success.
Invention can only be developed when Chilly
Ltd. have the innovative and creative aspects.
In this they also need to have better