Innovation & Commercialisation Analysis
VerifiedAdded on 2021/02/18
|20
|6285
|21
AI Summary
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
INNOVATION AND
COMMERCIALISATION
COMMERCIALISATION
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: Comparison between invention and innovation and its importance to organisation.......1
P2 The way in which organisational vision, leadership, culture and teamwork can shape
innovation and commercialisation..........................................................................................2
M1 Different sources of innovation used by Sainsbury.........................................................4
D1 Analysis of the way in which innovation is developed, embedded and measured in the
organisation............................................................................................................................4
TASK 2............................................................................................................................................5
P3 4Ps of innovation and the use of innovation funnel to examine and shape ideas.............5
P4 Developments in frugal innovation and examples of its uses...........................................7
M2 Analysis and application of innovation funnel in an organisational context...................8
M3 Evaluation of the role of frugal innovation in an organisational context........................8
TASK 3............................................................................................................................................9
P5. Importance of the commercial funnel and the application of new product development
(NPD) processing for commercialisation of innovation.........................................................9
P6. An innovation business case for Sainsburys..................................................................10
M4 A detailed Innovation Business Case which includes how to measure its overall
effectiveness using appropriate techniques available to test, iterate and improve...............12
TASK 4..........................................................................................................................................12
P7 The different tools that organisations can use to develop, retain and protect knowledge and
intellectual property..............................................................................................................12
M5.Evaluation of different tools in the context of the wider business environment...........13
D2 The nature of innovation and the context in which it is developed...............................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: Comparison between invention and innovation and its importance to organisation.......1
P2 The way in which organisational vision, leadership, culture and teamwork can shape
innovation and commercialisation..........................................................................................2
M1 Different sources of innovation used by Sainsbury.........................................................4
D1 Analysis of the way in which innovation is developed, embedded and measured in the
organisation............................................................................................................................4
TASK 2............................................................................................................................................5
P3 4Ps of innovation and the use of innovation funnel to examine and shape ideas.............5
P4 Developments in frugal innovation and examples of its uses...........................................7
M2 Analysis and application of innovation funnel in an organisational context...................8
M3 Evaluation of the role of frugal innovation in an organisational context........................8
TASK 3............................................................................................................................................9
P5. Importance of the commercial funnel and the application of new product development
(NPD) processing for commercialisation of innovation.........................................................9
P6. An innovation business case for Sainsburys..................................................................10
M4 A detailed Innovation Business Case which includes how to measure its overall
effectiveness using appropriate techniques available to test, iterate and improve...............12
TASK 4..........................................................................................................................................12
P7 The different tools that organisations can use to develop, retain and protect knowledge and
intellectual property..............................................................................................................12
M5.Evaluation of different tools in the context of the wider business environment...........13
D2 The nature of innovation and the context in which it is developed...............................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
INTRODUCTION
Commercialisation is the process in which a new product is introduced in the market by
using marketing and promotions. Innovation is the process of creating a unique featured product
or services which can fulfil the needs of market and people. Innovation and commercialisation is
very essential for the organisation in increasing the productivity and performance in the market.
The chosen firm in this report is Sainsbury which is a groceries store based in the UK. This
report will explain the difference between invention and innovation along with the value and
importance of innovation to organisations (Ahn and. et. al., 2015). Further, this report will
discuss the different forms of innovation and the four directions of change an organisation can
take and explanation of 4Ps of innovation. This report will also discuss the approaches that the
Innovation Manager can take to process innovative ideas along with the steps the Innovation
Manager should go through to derive a new and innovative product.
TASK 1
P1: Comparison between invention and innovation and its importance to organisation
Overview of the organisation: Sainsbury's is the second largest chain of supermarkets in
the United Kingdom, with 16.9% share of the supermarket sector. It is founded by John James
Sainsbury with a shop in the year 1869 and based in London. This organisation operates with
1415 shops and employee approx 190,000 employees in different branches of the company.
Innovation: It is a process of transforming idea into products and services so that
potential customer can satisfy their needs and demands by using it. Main aim of using innovation
is to modify the existing products so that it would become easier for customers to use it and live
their life smoothly (Ahn and. et. al., 2017). But on the other hand, invention refers to creation of
new products and services in the market. Both factors are essential for an organisation as they
assist companies to gain competitive advantage over others. For instance, if Sainsbury's has
launched their new product which is not produced by any of the other competitors then it would
provide temporary competitive advantage because then the company will be able to compete in
the business world which is a positive sign of company's growth.
In terms of process innovation, it assist organisation to reduce their cost. For instance, if
Sainsbury's is able to improve their process of manufacturing products then it would
automatically reduce cost of product which ends up at enhancing profitability of company to a
1
Commercialisation is the process in which a new product is introduced in the market by
using marketing and promotions. Innovation is the process of creating a unique featured product
or services which can fulfil the needs of market and people. Innovation and commercialisation is
very essential for the organisation in increasing the productivity and performance in the market.
The chosen firm in this report is Sainsbury which is a groceries store based in the UK. This
report will explain the difference between invention and innovation along with the value and
importance of innovation to organisations (Ahn and. et. al., 2015). Further, this report will
discuss the different forms of innovation and the four directions of change an organisation can
take and explanation of 4Ps of innovation. This report will also discuss the approaches that the
Innovation Manager can take to process innovative ideas along with the steps the Innovation
Manager should go through to derive a new and innovative product.
TASK 1
P1: Comparison between invention and innovation and its importance to organisation
Overview of the organisation: Sainsbury's is the second largest chain of supermarkets in
the United Kingdom, with 16.9% share of the supermarket sector. It is founded by John James
Sainsbury with a shop in the year 1869 and based in London. This organisation operates with
1415 shops and employee approx 190,000 employees in different branches of the company.
Innovation: It is a process of transforming idea into products and services so that
potential customer can satisfy their needs and demands by using it. Main aim of using innovation
is to modify the existing products so that it would become easier for customers to use it and live
their life smoothly (Ahn and. et. al., 2017). But on the other hand, invention refers to creation of
new products and services in the market. Both factors are essential for an organisation as they
assist companies to gain competitive advantage over others. For instance, if Sainsbury's has
launched their new product which is not produced by any of the other competitors then it would
provide temporary competitive advantage because then the company will be able to compete in
the business world which is a positive sign of company's growth.
In terms of process innovation, it assist organisation to reduce their cost. For instance, if
Sainsbury's is able to improve their process of manufacturing products then it would
automatically reduce cost of product which ends up at enhancing profitability of company to a
1
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
certain level. Beside this, it also assist company to increase their brand awareness in the market
as innovation and invention attracts high number of customers from every brand which is
directly linked with the brand equity of the company (Azarmi, 2016).
Invention: It is termed as the process of creating a new idea which have not yet been
introduced by any other individual or organisation, is termed as invention. The invention process
involves an overall engineering and product development process. It is an improvement in the
existing range of the products served in a particular sector.
As innovation is the process of introducing a range of product in the market that helps to
earn competitive advantage to Sainsbury. Innovation of introducing artificial intelligence in
business will help in becoming highly competitive and cost effective in the long run for business
organisation. Where as Invention is the concept that is introduced a new product or series for the
first time in the world. The process of invention is not simple as high level of research and
development is required with futuristic mind to think for new inventions.
Benefits of new innovation to Sainsbury in comparison to Invention-
Businesses that are operated in the supermarkets are facing high competition and to
maintain good performance of sales and profits innovations needs to be done on a regular
basis. Innovation of introducing artificial intelligence to serve large consumer base with
minimum cost in long run (Chun, Chung and Bang, 2015).
Innovation is the process that needs to be taken on regular basis to compete with
competition in most effective manner and when invention is done to deal with
competition it will be effective but it takes time and it is very expensive.
P2 The way in which organisational vision, leadership, culture and teamwork can shape
innovation and commercialisation
Business environment is continuously changing in the UK and to maintain good position
in the business Sainsbuty needs to make innovations on a regular basis. Innovation helps in
making changes in their current products so that changing expectations of the consumers can be
met in the most effective manner. While implementing innovation of artificial intelligence
executives of Sainsbury needs to focus on certain points that will help to shape innovation and
commercialisation (Cunningham, 2013). These are described as follows-
Vision: It is a vivid mental image of business that needs to be achieved at some point of
time in future, these are based on goals and aspirations of business organisation. As increased
2
as innovation and invention attracts high number of customers from every brand which is
directly linked with the brand equity of the company (Azarmi, 2016).
Invention: It is termed as the process of creating a new idea which have not yet been
introduced by any other individual or organisation, is termed as invention. The invention process
involves an overall engineering and product development process. It is an improvement in the
existing range of the products served in a particular sector.
As innovation is the process of introducing a range of product in the market that helps to
earn competitive advantage to Sainsbury. Innovation of introducing artificial intelligence in
business will help in becoming highly competitive and cost effective in the long run for business
organisation. Where as Invention is the concept that is introduced a new product or series for the
first time in the world. The process of invention is not simple as high level of research and
development is required with futuristic mind to think for new inventions.
Benefits of new innovation to Sainsbury in comparison to Invention-
Businesses that are operated in the supermarkets are facing high competition and to
maintain good performance of sales and profits innovations needs to be done on a regular
basis. Innovation of introducing artificial intelligence to serve large consumer base with
minimum cost in long run (Chun, Chung and Bang, 2015).
Innovation is the process that needs to be taken on regular basis to compete with
competition in most effective manner and when invention is done to deal with
competition it will be effective but it takes time and it is very expensive.
P2 The way in which organisational vision, leadership, culture and teamwork can shape
innovation and commercialisation
Business environment is continuously changing in the UK and to maintain good position
in the business Sainsbuty needs to make innovations on a regular basis. Innovation helps in
making changes in their current products so that changing expectations of the consumers can be
met in the most effective manner. While implementing innovation of artificial intelligence
executives of Sainsbury needs to focus on certain points that will help to shape innovation and
commercialisation (Cunningham, 2013). These are described as follows-
Vision: It is a vivid mental image of business that needs to be achieved at some point of
time in future, these are based on goals and aspirations of business organisation. As increased
2
competition leads Sainsbury to introduce some innovation that will help business to achieve its
goals. As future is more of high technology and serving consumers with artificial intelligence
will be cost effective and chances of any mistake can be minimised. As vision of the organisation
is to provide best shopping experience to its consumers and introducing Robots to serve them
will be a different concept that will attract large number of consumer group. When service is
provided with artificial intelligence then more quality services can be provided and that will help
in gaining competitive advantage for businesses. Therefore, vision is an aspirational description
of what an organisation plan to accomplish in the mid and long term goals and objectives.
Leadership: Leaders in the organisation plays major role while implementing any
innovation. As all the subordinates of the Sainsbury are motivated through leaders who work
dedicatedly for achieving all the business objects. Innovation leads to implementing something
new to business that helps in managing business operations effectively. As employees of the
business may resist in accepting changes that takes place through innovation. Leaders make it
possible that changes can be implemented as planned (Hemphill, 2014). Leadership is the ability
of the individual to influence the people in the organisation so that they work in accordance to
fulfil the goals and objectives.
Culture: In Sainsburry hierarchy organisational culture is followed that gives business a
structure which is well formulated by keeping all the business objectives in mind. This helps in
designing a plan to implement the innovation that is going to be introduced in the business at
each level in most productive manner. Organisation culture is concerned with the environment
and surroundings which will enhance and motivate the individual to work with full zeal and
confidence such that business objectives can be attained.
Teamwork: Providing services that helps in gaining satisfied consumers can be achieved
through effective teamwork that helps in achieving planned objectives. When new innovation of
artificial intelligence is launched in the business is supported by team work then business of
Sainsbury will give tough competition to all its competitors.
All the managers of innovative team needs to take care of all the above elements as this
will help in implementing innovation in far better manner (Kutvonen and. et. al., 2014).
M1 Different sources of innovation used by Sainsbury
PETER DUCKER MODEL
3
goals. As future is more of high technology and serving consumers with artificial intelligence
will be cost effective and chances of any mistake can be minimised. As vision of the organisation
is to provide best shopping experience to its consumers and introducing Robots to serve them
will be a different concept that will attract large number of consumer group. When service is
provided with artificial intelligence then more quality services can be provided and that will help
in gaining competitive advantage for businesses. Therefore, vision is an aspirational description
of what an organisation plan to accomplish in the mid and long term goals and objectives.
Leadership: Leaders in the organisation plays major role while implementing any
innovation. As all the subordinates of the Sainsbury are motivated through leaders who work
dedicatedly for achieving all the business objects. Innovation leads to implementing something
new to business that helps in managing business operations effectively. As employees of the
business may resist in accepting changes that takes place through innovation. Leaders make it
possible that changes can be implemented as planned (Hemphill, 2014). Leadership is the ability
of the individual to influence the people in the organisation so that they work in accordance to
fulfil the goals and objectives.
Culture: In Sainsburry hierarchy organisational culture is followed that gives business a
structure which is well formulated by keeping all the business objectives in mind. This helps in
designing a plan to implement the innovation that is going to be introduced in the business at
each level in most productive manner. Organisation culture is concerned with the environment
and surroundings which will enhance and motivate the individual to work with full zeal and
confidence such that business objectives can be attained.
Teamwork: Providing services that helps in gaining satisfied consumers can be achieved
through effective teamwork that helps in achieving planned objectives. When new innovation of
artificial intelligence is launched in the business is supported by team work then business of
Sainsbury will give tough competition to all its competitors.
All the managers of innovative team needs to take care of all the above elements as this
will help in implementing innovation in far better manner (Kutvonen and. et. al., 2014).
M1 Different sources of innovation used by Sainsbury
PETER DUCKER MODEL
3
Introducing a innovative product and serving consumers in new manner is one of the
most important tool that helps to deal with competition. As retail market is becoming more and
more competitive and managers of Sainsbury needs to use different sources of innovation that
are described as follows-
The Incongruity: Organisations perform different functions that are performed to
achieve business objectives. Their is difference between what is and what should be done. By
introducing artificial intelligence in stores for providing multiple services will help in achieving
business objects and providing services to consumers that should be provided to be competitive
will help in becoming more competitive (Maritz and Donovan, 2015).
The unexpected:
the market place is one of most important area to look various opportunities and to grab
large no. of consumers marketers constantly research about market. In case of Sainsbury they
constantly observe taste and preferences of their consumers.
Process need:
In process needs includes evaluate factors that work as an weak points of an organisation
and creating or redesign them. In that task oriented solution should be cover under it.
Industry and market structure change:
Industry and market conditions continuously changes and some products shrinks in that
aspect one of their example is deregulation. In case of Sainsbury some kind of circumstances
come in market and deal in positive way.
Demographics:
organisation have to constantly observe the changes that occurs in their industry such as
in population, income level and capital of human and age ranges in positive way so that major
changes should be occurred.
New knowledge:
With the advent of advancement in technology organisation have to adopt them so that
they can welcome the opportunities and widen their market.
Changes in perception, meaning and mood: Over the period of time perception of
people change. Sainsbury provides services to the public at large and while providing services it
is seen that after some period of time due to change in technology consumers preference
4
most important tool that helps to deal with competition. As retail market is becoming more and
more competitive and managers of Sainsbury needs to use different sources of innovation that
are described as follows-
The Incongruity: Organisations perform different functions that are performed to
achieve business objectives. Their is difference between what is and what should be done. By
introducing artificial intelligence in stores for providing multiple services will help in achieving
business objects and providing services to consumers that should be provided to be competitive
will help in becoming more competitive (Maritz and Donovan, 2015).
The unexpected:
the market place is one of most important area to look various opportunities and to grab
large no. of consumers marketers constantly research about market. In case of Sainsbury they
constantly observe taste and preferences of their consumers.
Process need:
In process needs includes evaluate factors that work as an weak points of an organisation
and creating or redesign them. In that task oriented solution should be cover under it.
Industry and market structure change:
Industry and market conditions continuously changes and some products shrinks in that
aspect one of their example is deregulation. In case of Sainsbury some kind of circumstances
come in market and deal in positive way.
Demographics:
organisation have to constantly observe the changes that occurs in their industry such as
in population, income level and capital of human and age ranges in positive way so that major
changes should be occurred.
New knowledge:
With the advent of advancement in technology organisation have to adopt them so that
they can welcome the opportunities and widen their market.
Changes in perception, meaning and mood: Over the period of time perception of
people change. Sainsbury provides services to the public at large and while providing services it
is seen that after some period of time due to change in technology consumers preference
4
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
changes. This change needs modification in the process of providing various services. It is seen
that innovation needs to be made on continuous basis to get satisfied consumers.
To develop environment of innovation all the employees in the business needs to
understand importance of innovation and take all the possible steps that will help in applying all
the innovative ideas in most productive manner.
D1 Analysis of the way in which innovation is developed, embedded and measured in the
organisation
Innovation is not an easy task that can be implemented with some decision. When
innovation of artificial intelligence is implemented in Sainsbury organisation then before its
implementation various analysis is required (Mazzarol, 2013). As implementing technology in
the business is very costly and together with this acceptance of this form of innovation by
consumers needs to be analysed. Executive in the top level management of business have full
vision regarding future market conditions, competitors reactions and objectives of business in
long run. When needs and preference of consumers keep on changing then innovation to satisfy
them is introduced which helps in enhancing sales and maximising profits in long run.
TASK 2
P3 4Ps of innovation and the use of innovation funnel to examine and shape ideas
The innovation mix and 4 Ps of innovation model was developed by John Bessant and
Joe Tidd. This process of innovation mix can improve concept of business which helps in
achieving business objects. The innovation mix of paradigm, product, position and process is not
same with market mix (Mohannak and Samtani, 2014). This mix helps to understand current
business position and by considering future aims how innovation should be implemented to
perform effectively. Four innovation mix are described as follows-
5
that innovation needs to be made on continuous basis to get satisfied consumers.
To develop environment of innovation all the employees in the business needs to
understand importance of innovation and take all the possible steps that will help in applying all
the innovative ideas in most productive manner.
D1 Analysis of the way in which innovation is developed, embedded and measured in the
organisation
Innovation is not an easy task that can be implemented with some decision. When
innovation of artificial intelligence is implemented in Sainsbury organisation then before its
implementation various analysis is required (Mazzarol, 2013). As implementing technology in
the business is very costly and together with this acceptance of this form of innovation by
consumers needs to be analysed. Executive in the top level management of business have full
vision regarding future market conditions, competitors reactions and objectives of business in
long run. When needs and preference of consumers keep on changing then innovation to satisfy
them is introduced which helps in enhancing sales and maximising profits in long run.
TASK 2
P3 4Ps of innovation and the use of innovation funnel to examine and shape ideas
The innovation mix and 4 Ps of innovation model was developed by John Bessant and
Joe Tidd. This process of innovation mix can improve concept of business which helps in
achieving business objects. The innovation mix of paradigm, product, position and process is not
same with market mix (Mohannak and Samtani, 2014). This mix helps to understand current
business position and by considering future aims how innovation should be implemented to
perform effectively. Four innovation mix are described as follows-
5
(Source: 4 Ps of Innovation, 2019)
Paradigm: In that context innovation should be used to improve the way of doing
business and the changes should be radical in changes but all changes are not positive. In that
scenario identification is very much potential to reach at desirable goals and objectives. As per
this innovation is used to improve the way in which business is performed (Mazzarol, 2013) .
The change could be radical and it should always be kept in mind that all the changes can not
bring positive results for business. All the results and implications will be analysed in mind of
executives who take decision for implementing innovation in Sainsbury organisation
Product: This tool of innovation mix helps in guiding business organisation regarding
what changes needs to be made in the services offered by Sainsbury. Innovation leads to
improvement in the quality of service offered by business organisation. In this tool of product
6
Illustration 1: 4 Ps of Innovation, 2019
Paradigm: In that context innovation should be used to improve the way of doing
business and the changes should be radical in changes but all changes are not positive. In that
scenario identification is very much potential to reach at desirable goals and objectives. As per
this innovation is used to improve the way in which business is performed (Mazzarol, 2013) .
The change could be radical and it should always be kept in mind that all the changes can not
bring positive results for business. All the results and implications will be analysed in mind of
executives who take decision for implementing innovation in Sainsbury organisation
Product: This tool of innovation mix helps in guiding business organisation regarding
what changes needs to be made in the services offered by Sainsbury. Innovation leads to
improvement in the quality of service offered by business organisation. In this tool of product
6
Illustration 1: 4 Ps of Innovation, 2019
various suggestions can be made to business organisation that will make quality of service better
and leads to incremental change.
Process: This does not only include the preparation process of the service provided by
Sainsbury. All the process that is required to implement an innovation is included in this business
process. These steps includes hiring people, training, workflow and supplying of all the required
resources that will help in implementing innovation.
Position: A new method through which services are provided is implemented by
Sainsbury in innovation. Implementing innovation is not enough as a new method of introducing
this innovation to general public is also required in the business. Position innovation guides
business organisations to make required modifications in the method of marketing and
promotions for new products (Pellikka and Malinen, 2014). Therefore, the innovated product or
service can be positioned with the help of various promotional tools like advertisements in news
paper, radio, posters, hoardings, social media, etc.
Innovation funnel: In the process of development of new product an innovation funnel
is a common model used by business organisations to evaluate ideas and conceptualize products.
This can be used by Sainsbury to implement the process of serving consumers with artificial
intelligence. Various steps of this model are described as follows-
Illustration 2: Innovation funnel, 2016
(source: Innovation funnel, 2016)
Investigation: In this step a research is conducted by Sainsbury that will help in
identifying changes in taste and preference of consumers. This step helps to guide to
make changes required to be made so compete effectively.
7
and leads to incremental change.
Process: This does not only include the preparation process of the service provided by
Sainsbury. All the process that is required to implement an innovation is included in this business
process. These steps includes hiring people, training, workflow and supplying of all the required
resources that will help in implementing innovation.
Position: A new method through which services are provided is implemented by
Sainsbury in innovation. Implementing innovation is not enough as a new method of introducing
this innovation to general public is also required in the business. Position innovation guides
business organisations to make required modifications in the method of marketing and
promotions for new products (Pellikka and Malinen, 2014). Therefore, the innovated product or
service can be positioned with the help of various promotional tools like advertisements in news
paper, radio, posters, hoardings, social media, etc.
Innovation funnel: In the process of development of new product an innovation funnel
is a common model used by business organisations to evaluate ideas and conceptualize products.
This can be used by Sainsbury to implement the process of serving consumers with artificial
intelligence. Various steps of this model are described as follows-
Illustration 2: Innovation funnel, 2016
(source: Innovation funnel, 2016)
Investigation: In this step a research is conducted by Sainsbury that will help in
identifying changes in taste and preference of consumers. This step helps to guide to
make changes required to be made so compete effectively.
7
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Development: When appropriate information is collected in the previous step regarding
changes that needed to be made so that buyers of the product and service are willing to
make orders for the services offered by Sainsbury organisation.
Shipping products: This is the last step of the innovation funnel that involves supply of
the product in the market for sale.
P4 Developments in frugal innovation and examples of its uses
Frugal innovation or frugal engineering is the process of reducing the complexity and
cost of a goods and its production. This method of innovation helps in removing non-essential
features of a durable good. This innovation to the product helps in improving sale of the products
in developing countries. When a product is introduced with high amount of specification then it
is seen that in some countries demand for the product with less specification and more durability
is high. Frugal innovation helps in introducing products as per consumers requirements.
Through minimising the use of resources in development, production and delivery or by
levering them in new ways, frugal innovation results in dramatically lower-cost products and
services. Successful frugal innovations are not only low cost but outperform the alternative and
can made available at large scale (Pollitzer and Schraudner, 2015). For example- Sainsbury is
implementing a new method in providing services to consumers this innovation leads to
reduction of some unessential features of service that will make services offered by company
more attractive to targeted consumers. Their are six principles of Frugal innovation that are
described as follows-
Engage and Iterate: As per this principal businesses rather then using insular research
and development departments that rely on giving education about consumers needs
enhances chances of consumer satisfaction. For this consumers behaviour in the natural
environment is observed and then relevant product is considered to be developed as per
consumers requirement.
Flex your assets: New tools such as robotics and 3D printers and new approaches such
as social manufacturing can help operations and supply chain managers “flex” their
production, logistics and service assets to satisfy consumers in better and cheap manner.
Create sustainable solutions: Research and development and manufacturing managers
helps in developing sustaining solutions that help both businesses and the environment in
which components and materials are repeatedly recycled (Robertson, 2014).
8
changes that needed to be made so that buyers of the product and service are willing to
make orders for the services offered by Sainsbury organisation.
Shipping products: This is the last step of the innovation funnel that involves supply of
the product in the market for sale.
P4 Developments in frugal innovation and examples of its uses
Frugal innovation or frugal engineering is the process of reducing the complexity and
cost of a goods and its production. This method of innovation helps in removing non-essential
features of a durable good. This innovation to the product helps in improving sale of the products
in developing countries. When a product is introduced with high amount of specification then it
is seen that in some countries demand for the product with less specification and more durability
is high. Frugal innovation helps in introducing products as per consumers requirements.
Through minimising the use of resources in development, production and delivery or by
levering them in new ways, frugal innovation results in dramatically lower-cost products and
services. Successful frugal innovations are not only low cost but outperform the alternative and
can made available at large scale (Pollitzer and Schraudner, 2015). For example- Sainsbury is
implementing a new method in providing services to consumers this innovation leads to
reduction of some unessential features of service that will make services offered by company
more attractive to targeted consumers. Their are six principles of Frugal innovation that are
described as follows-
Engage and Iterate: As per this principal businesses rather then using insular research
and development departments that rely on giving education about consumers needs
enhances chances of consumer satisfaction. For this consumers behaviour in the natural
environment is observed and then relevant product is considered to be developed as per
consumers requirement.
Flex your assets: New tools such as robotics and 3D printers and new approaches such
as social manufacturing can help operations and supply chain managers “flex” their
production, logistics and service assets to satisfy consumers in better and cheap manner.
Create sustainable solutions: Research and development and manufacturing managers
helps in developing sustaining solutions that help both businesses and the environment in
which components and materials are repeatedly recycled (Robertson, 2014).
8
Shape customers behaviour: Business organisations can influence consumers into
behaving differently and feeling richer while consuming less.
Co-create value with prosumers: Research and development in the business whether
taken by an individual and group of persons must add the feature that is highly demanded
by the large number of consumer group.
Make innovative friends: Products and services that are innovated through frugal
innovations reflects ,ore efficiency by collaborating with diverse external partners then by
working alone.
Frugal innovation plays important role in implementing new method of providing
services to consumers. As artificial intelligence will be an innovation that is introduced by
Sainsbury and this will help in removing unessential process that is used previously for providing
various services in business (Sonne, 2012).
M2 Analysis and application of innovation funnel in an organisational context
Innovation funnel is the combination of three different stages that starts with
investigations regarding needs and demand for innovation (Trimi and Berbegal-Mirabent, 2012).
After this development takes place, in this step what is identified in the first process of
investigation is developed for implementing. All these steps are used by Sainsbury while making
an innovation for introducing an artificial intelligence in the method of service providing. First of
all market research is conducted that will help in identifying requirement and then method is
developed for providing service with new technology for getting better results.
M3 Evaluation of the role of frugal innovation in an organisational context
Frugal innovation method is beneficial for Sainsbury organisation as it helps in
simplifying the process of development and also cost of production is minimised with this
method of innovation. When services rendered by Sainsbury is through artificial intelligence
then it will help in reducing cost of employees and total cost will be reduced for business. As low
cost will help in providing products to consumers at low cost that will attract large number of
consumer group (Theyel, 2013).
9
behaving differently and feeling richer while consuming less.
Co-create value with prosumers: Research and development in the business whether
taken by an individual and group of persons must add the feature that is highly demanded
by the large number of consumer group.
Make innovative friends: Products and services that are innovated through frugal
innovations reflects ,ore efficiency by collaborating with diverse external partners then by
working alone.
Frugal innovation plays important role in implementing new method of providing
services to consumers. As artificial intelligence will be an innovation that is introduced by
Sainsbury and this will help in removing unessential process that is used previously for providing
various services in business (Sonne, 2012).
M2 Analysis and application of innovation funnel in an organisational context
Innovation funnel is the combination of three different stages that starts with
investigations regarding needs and demand for innovation (Trimi and Berbegal-Mirabent, 2012).
After this development takes place, in this step what is identified in the first process of
investigation is developed for implementing. All these steps are used by Sainsbury while making
an innovation for introducing an artificial intelligence in the method of service providing. First of
all market research is conducted that will help in identifying requirement and then method is
developed for providing service with new technology for getting better results.
M3 Evaluation of the role of frugal innovation in an organisational context
Frugal innovation method is beneficial for Sainsbury organisation as it helps in
simplifying the process of development and also cost of production is minimised with this
method of innovation. When services rendered by Sainsbury is through artificial intelligence
then it will help in reducing cost of employees and total cost will be reduced for business. As low
cost will help in providing products to consumers at low cost that will attract large number of
consumer group (Theyel, 2013).
9
TASK 3
P5. Importance of the commercial funnel and the application of new product development (NPD)
processing for commercialisation of innovation
Commercial funnel: It is a buying process which represents the stages which companies
goes through to lead consumers at the time of purchasing products. It involves the combination
of email campaigns, blogging, search engine optimization, SMS marketing, advertising and
many other strategies (Trimi and Berbegal-Mirabent, 2012). Following are the stages which
helps in understanding sales funnel:
Awareness Stage: Such stage creates more awareness of the product with the help of
suitable tools. For this the company will use various promotional tools and methods so that they
will be able to tap the customer. It will involve advertisements in newspapers, posters, hoardings,
social media, etc.
Interest stage: At this stage, interests are created among the targetted customers for the
product with proper research.
Evaluation Stage: This stage helps in evaluating the dynamic and competitive market.
Engagement Stage: At this stage, positive relationships are build with the potential
customers.
Commitment Stage: Also known as purchase stage. Here, purchase is made by the
customers.
Importance of commercial funnel: Commercial funnel plays an essential role in
performing the operations of any organisation. It helps in attracting the potential customers and
converting them into the loyal customers by encouraging them to make a purchase decision.
Such funnel is used to maximise the value of customers by reviewing the sales (Tsai, 2015).
Commercial funnel is important for the managers of Sainsburys as it helps in formulating the
effective marketing strategies, generating more sales by building effective relationships with
customers and promoting the activities for improving performances.
Application of new product development process: New product development is a
systematic process of launching a new innovative product or service in the competitive market
place. The executives of Sainsburys formulates and launches new innovative services to deliver
the products to the customers. The process includes following steps:
10
P5. Importance of the commercial funnel and the application of new product development (NPD)
processing for commercialisation of innovation
Commercial funnel: It is a buying process which represents the stages which companies
goes through to lead consumers at the time of purchasing products. It involves the combination
of email campaigns, blogging, search engine optimization, SMS marketing, advertising and
many other strategies (Trimi and Berbegal-Mirabent, 2012). Following are the stages which
helps in understanding sales funnel:
Awareness Stage: Such stage creates more awareness of the product with the help of
suitable tools. For this the company will use various promotional tools and methods so that they
will be able to tap the customer. It will involve advertisements in newspapers, posters, hoardings,
social media, etc.
Interest stage: At this stage, interests are created among the targetted customers for the
product with proper research.
Evaluation Stage: This stage helps in evaluating the dynamic and competitive market.
Engagement Stage: At this stage, positive relationships are build with the potential
customers.
Commitment Stage: Also known as purchase stage. Here, purchase is made by the
customers.
Importance of commercial funnel: Commercial funnel plays an essential role in
performing the operations of any organisation. It helps in attracting the potential customers and
converting them into the loyal customers by encouraging them to make a purchase decision.
Such funnel is used to maximise the value of customers by reviewing the sales (Tsai, 2015).
Commercial funnel is important for the managers of Sainsburys as it helps in formulating the
effective marketing strategies, generating more sales by building effective relationships with
customers and promoting the activities for improving performances.
Application of new product development process: New product development is a
systematic process of launching a new innovative product or service in the competitive market
place. The executives of Sainsburys formulates and launches new innovative services to deliver
the products to the customers. The process includes following steps:
10
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Idea generation: the first step is to generation of the innovative ideas. Various ideas are
generated from various sources. For an example Sainsbury before implementing any new
product or idea into market place organisation conduct through research by that major results
should be accomplish in proper way. The sources are as follows:
Internal sources: incentives are provided to employees, staff workers for generating new
ideas.
External sources: Various external sources includes competitors, customers, market
research, SWOT analysis. All these helps in generating new innovative ideas for providing
services.
Idea screening: various ideas are generated but only few are suitable. Such step includes
the screening of the feasible ideas for providing innovative services. In case of Sainsbury they
passes through an definite path from that new products and services should be build in positive
way so that they can reach at desirable outcome.
Concept development and testing: The ideas at screening stage are converted into
concepts for testing. A concept refers to a blueprint of the strategies of services. The ideas are
developed by the associates of chosen entity to develop the new services.
Business strategy analysis and development: when the concept is finalized now it's
time for formulating and developing various business strategies such as competitors strategy
analysis, break even analysis and many more.
Service development: when the strategies are developed then they are put into actions.
All the strategies are tested and implemented to promote the services in competitive market.
Test Marketing: Such stage helps in getting feedbacks from customers after
implementation of the innovative services. It helps in making the services ready to launch.
Commercialization: The owners of selected business understands the importance of
innovative measures will provide profits. They commercially launches such services.
P6. An innovation business case for Sainsburys
It is very important for any business to formulate new innovative products and services
for engaging the potential customers and achieve a position in the dynamic market. The
following steps are followed for building an innovative business case study for Sainsburys:
Mission : The company aims to provide different and unique taste to the customers.
11
generated from various sources. For an example Sainsbury before implementing any new
product or idea into market place organisation conduct through research by that major results
should be accomplish in proper way. The sources are as follows:
Internal sources: incentives are provided to employees, staff workers for generating new
ideas.
External sources: Various external sources includes competitors, customers, market
research, SWOT analysis. All these helps in generating new innovative ideas for providing
services.
Idea screening: various ideas are generated but only few are suitable. Such step includes
the screening of the feasible ideas for providing innovative services. In case of Sainsbury they
passes through an definite path from that new products and services should be build in positive
way so that they can reach at desirable outcome.
Concept development and testing: The ideas at screening stage are converted into
concepts for testing. A concept refers to a blueprint of the strategies of services. The ideas are
developed by the associates of chosen entity to develop the new services.
Business strategy analysis and development: when the concept is finalized now it's
time for formulating and developing various business strategies such as competitors strategy
analysis, break even analysis and many more.
Service development: when the strategies are developed then they are put into actions.
All the strategies are tested and implemented to promote the services in competitive market.
Test Marketing: Such stage helps in getting feedbacks from customers after
implementation of the innovative services. It helps in making the services ready to launch.
Commercialization: The owners of selected business understands the importance of
innovative measures will provide profits. They commercially launches such services.
P6. An innovation business case for Sainsburys
It is very important for any business to formulate new innovative products and services
for engaging the potential customers and achieve a position in the dynamic market. The
following steps are followed for building an innovative business case study for Sainsburys:
Mission : The company aims to provide different and unique taste to the customers.
11
Products and services : It will offer various products and services like clothing, food,
financial services, etc. to its customers.
Summary: the organisation prefers to launch its services by following specific steps.
By launching the services such as robotics at workplace to cater various services to
customers for increasing the brand value along with market share.
Objectives: the objectives are set by the authorities of Sainsburys are straightforward to
be understand by others. The major aim is to survive and increase the market share by
increasing the profits with the help of providing innovative services.
Solution: Various typical problems are faced by the Sainsburys to cater the services to
distinct customers. The company introduces an effective solution of using artificial
intelligence systems to deliver the prescribed services to various customers.
Implementing such service helped in building effective relationships with potential
customers.
Innovation in service: It refers to framing a new service. By using the stages of new
product development, the executives of selected business innovates artificial intelligence
systems of providing innovative services than the existing services (West and Bogers,
2014).
Research: Marketing research helps in developing new services. By conducting the
market research, the marketers of chosen firm measures the requirement and customer’s
preferences. Current trends in the market are analysed by using various marketing
research strategies.
Funding: Various sources of funds are identified and used for fulfilling the daily
operations of business. Following funds are required for new service development:
Particulars Amount (£)
Market research and development 71500
Experts guidance 61000
Implementation 47500
Total 180000
12
financial services, etc. to its customers.
Summary: the organisation prefers to launch its services by following specific steps.
By launching the services such as robotics at workplace to cater various services to
customers for increasing the brand value along with market share.
Objectives: the objectives are set by the authorities of Sainsburys are straightforward to
be understand by others. The major aim is to survive and increase the market share by
increasing the profits with the help of providing innovative services.
Solution: Various typical problems are faced by the Sainsburys to cater the services to
distinct customers. The company introduces an effective solution of using artificial
intelligence systems to deliver the prescribed services to various customers.
Implementing such service helped in building effective relationships with potential
customers.
Innovation in service: It refers to framing a new service. By using the stages of new
product development, the executives of selected business innovates artificial intelligence
systems of providing innovative services than the existing services (West and Bogers,
2014).
Research: Marketing research helps in developing new services. By conducting the
market research, the marketers of chosen firm measures the requirement and customer’s
preferences. Current trends in the market are analysed by using various marketing
research strategies.
Funding: Various sources of funds are identified and used for fulfilling the daily
operations of business. Following funds are required for new service development:
Particulars Amount (£)
Market research and development 71500
Experts guidance 61000
Implementation 47500
Total 180000
12
Sources of funds: above mentioned funds are requires to plan and implement the
services successfully. The managers can take loan from the banks , can offer the share of
ownership, merges with the competitors. The economic sector of the government can
also helps in giving grants for introducing a new innovative service. Customers and
suppliers can also provides funds to introduce the new service development activity.
Benefits: Selected entity gets benefits by availing innovative services to various
customers with the helps of robotic system which results in changing the perception of
potential customers and converting them into loyal customers.
M4 A detailed Innovation Business Case which includes how to measure its overall effectiveness
using appropriate techniques available to test, iterate and improve
The owners of Sainsburys applies various techniques and methods for the purpose of new
service development. The main objective being new innovation is to survive and increase the
market share by increasing the profits with the help of providing innovative services along with
building brand image. For such reasons, the managers have introduced the artificial intelligence
service which uses the robots to provide various services to different customers at the
predetermined time. Such service is different from the existing services. It helps in attracting
more loyal customers. Various issues and problems are faced by the selected business but has
overcome them by using distinct techniques and methods. The new innovative service helped to
achieve the planned objectives effectively and successfully.
TASK 4
P7 The different tools that organisations can use to develop, retain and protect knowledge and
intellectual property
Intellectual property plays crucial role in performing tasks to set up a business. It is a
kind of property where intangible creations is used. It encourages the production of various
intellectual products and services (Barjolle, 2016). Protection of such property helps in reducing
or eliminating the unauthorised use of licensed intellectual property. Various tools of intellectual
property includes trade marks, patents, trade secrets, copyrights, design rights. These improves
the operational capabilities to provide new products or services to customers. The description of
the tools are the following:
13
services successfully. The managers can take loan from the banks , can offer the share of
ownership, merges with the competitors. The economic sector of the government can
also helps in giving grants for introducing a new innovative service. Customers and
suppliers can also provides funds to introduce the new service development activity.
Benefits: Selected entity gets benefits by availing innovative services to various
customers with the helps of robotic system which results in changing the perception of
potential customers and converting them into loyal customers.
M4 A detailed Innovation Business Case which includes how to measure its overall effectiveness
using appropriate techniques available to test, iterate and improve
The owners of Sainsburys applies various techniques and methods for the purpose of new
service development. The main objective being new innovation is to survive and increase the
market share by increasing the profits with the help of providing innovative services along with
building brand image. For such reasons, the managers have introduced the artificial intelligence
service which uses the robots to provide various services to different customers at the
predetermined time. Such service is different from the existing services. It helps in attracting
more loyal customers. Various issues and problems are faced by the selected business but has
overcome them by using distinct techniques and methods. The new innovative service helped to
achieve the planned objectives effectively and successfully.
TASK 4
P7 The different tools that organisations can use to develop, retain and protect knowledge and
intellectual property
Intellectual property plays crucial role in performing tasks to set up a business. It is a
kind of property where intangible creations is used. It encourages the production of various
intellectual products and services (Barjolle, 2016). Protection of such property helps in reducing
or eliminating the unauthorised use of licensed intellectual property. Various tools of intellectual
property includes trade marks, patents, trade secrets, copyrights, design rights. These improves
the operational capabilities to provide new products or services to customers. The description of
the tools are the following:
13
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Service marks: trademarks are used for protecting the brands. It includes the specific
logo, sign, or expression of the product or service which is different from the
competitors. The managers of Sainsburys uses slogans which describes the robot
services which helps in building an unique identity in the market (Chen, Bharadwaj and
Goh, 2017).
Copyright: These are the legal right used as the exclusive rights for the innovator of
original work. These are granted by the governments of different countries. The reason
of forming the copyright laws are to protect effort, creativity along with time of the
innovator. The owner of Sainsburys possess the copy right of the power to provide
authorization to others for reproduction of some services.
Design rights: It helps in protecting the designs against getting copied by others. These
can be sold, bought or licensed. It do not protect the functionality but protects the
features related to the appearance of the product or service. The selected business uses
such tool to protect and register the design of the robots to the way they looks.
Patents: It is an another kind of intellectual property. It provides the owners the rights
related to making, using and selling their unique creativity (Loggie, 2016). Such rights are
granted after publicly disclosing the innovative technique, product or service. Patent rights are
granted to the innovators for formulating new ways of performing operations or offering new
technical solutions for the critical problems. The managers of Sainsburys uses such rights for
protecting the new innovative services of artificial intelligence systems.
M5.Evaluation of different tools in the context of the wider business environment
The intellectual property tools provides protection to foster innovations. All the tools and
techniques of such property are useful in distinct environment situations. The adoption of all the
tools in wider environment helps in setting the business operations apart from distinct
competitors. These tools helps the Sainsburys to offer various different and new services to loyal
customers and attract the potential customers. The managers also makes sure which tool is used
at what time according to structure of organisation. These tools helps in protecting the creativity
of the innovator in the wider and dynamic business environment.
D2 The nature of innovation and the context in which it is developed
Sainsbury is the second largest organisation dealing in supermarkets. Operations of the
company are conducted from many years but it is seen that level of competition has grown up. A
14
logo, sign, or expression of the product or service which is different from the
competitors. The managers of Sainsburys uses slogans which describes the robot
services which helps in building an unique identity in the market (Chen, Bharadwaj and
Goh, 2017).
Copyright: These are the legal right used as the exclusive rights for the innovator of
original work. These are granted by the governments of different countries. The reason
of forming the copyright laws are to protect effort, creativity along with time of the
innovator. The owner of Sainsburys possess the copy right of the power to provide
authorization to others for reproduction of some services.
Design rights: It helps in protecting the designs against getting copied by others. These
can be sold, bought or licensed. It do not protect the functionality but protects the
features related to the appearance of the product or service. The selected business uses
such tool to protect and register the design of the robots to the way they looks.
Patents: It is an another kind of intellectual property. It provides the owners the rights
related to making, using and selling their unique creativity (Loggie, 2016). Such rights are
granted after publicly disclosing the innovative technique, product or service. Patent rights are
granted to the innovators for formulating new ways of performing operations or offering new
technical solutions for the critical problems. The managers of Sainsburys uses such rights for
protecting the new innovative services of artificial intelligence systems.
M5.Evaluation of different tools in the context of the wider business environment
The intellectual property tools provides protection to foster innovations. All the tools and
techniques of such property are useful in distinct environment situations. The adoption of all the
tools in wider environment helps in setting the business operations apart from distinct
competitors. These tools helps the Sainsburys to offer various different and new services to loyal
customers and attract the potential customers. The managers also makes sure which tool is used
at what time according to structure of organisation. These tools helps in protecting the creativity
of the innovator in the wider and dynamic business environment.
D2 The nature of innovation and the context in which it is developed
Sainsbury is the second largest organisation dealing in supermarkets. Operations of the
company are conducted from many years but it is seen that level of competition has grown up. A
14
innovation of introducing artificial intelligence in the business organisation serving to large
number of consumers is something new to supermarkets that helps in creating good brand image
of the company. Company have main object of maximising profits by acquiring large market
share and that is possible only when large number of consumers are satisfied with the service of
the company.
CONCLUSION
From the above report it has been concluded that innovation and invention are two
different concept that needs to be understand to make business more competitive. Business
environment is changing rapidly and it is seen that to compete with high amount of competition
each business organisation needs to introduce some innovation in the product served or service
provided. Innovation is done by analysing current market demand that needs to be satisfied to
gain competitive advantage in business organisations. The method of innovation is analysed
effectively before implementing to get better results so that all the objects of business can be
achieved in pre determined manner. To implement innovative idea in business teamwork,
leadership and vision of business plays important role.
15
number of consumers is something new to supermarkets that helps in creating good brand image
of the company. Company have main object of maximising profits by acquiring large market
share and that is possible only when large number of consumers are satisfied with the service of
the company.
CONCLUSION
From the above report it has been concluded that innovation and invention are two
different concept that needs to be understand to make business more competitive. Business
environment is changing rapidly and it is seen that to compete with high amount of competition
each business organisation needs to introduce some innovation in the product served or service
provided. Innovation is done by analysing current market demand that needs to be satisfied to
gain competitive advantage in business organisations. The method of innovation is analysed
effectively before implementing to get better results so that all the objects of business can be
achieved in pre determined manner. To implement innovative idea in business teamwork,
leadership and vision of business plays important role.
15
REFERENCES
Books and Journals
Ahn, J. M., Minshall, T. and Mortara, L., 2015. Open innovation: a new classification and its
impact on firm performance in innovative SMEs. Journal of Innovation Management.
3(2). pp.p33-54.
Ahn, J. M., Minshall, T. and Mortara, L., 2017. Understanding the human side of openness: the
fit between open innovation modes and CEO characteristics. R&D Management. 47(5).
pp.727-740.
Azarmi, D., 2016. Factors affecting technology innovation and its commercialisation in firms.
Barjolle, D., 2016. Geographical indications and protected designations of origin: intellectual
property tools for rural development objectives. In Research Handbook on Intellectual
Property and Geographical Indications. Edward Elgar Publishing.
Chen, Y., Bharadwaj, A. and Goh, K. Y., 2017. An Empirical Analysis of Intellectual Property
Rights Sharing in Software Development Outsourcing. Mis Quarterly. 41(1).
Chun, D., Chung, Y. and Bang, S., 2015. Impact of firm size and industry type on R&D
efficiency throughout innovation and commercialisation stages: evidence from Korean
manufacturing firms. Technology Analysis & Strategic Management. 27(8). pp.895-909.
Cunningham, S., 2013. Hidden innovation: Policy, industry and the creative sector. University
of Queensland Press (Australia).
Hemphill, T. A., 2014. Patent assertion entities: do they impede innovation and technology
commercialisation?. Technology Analysis & Strategic Management. 26(7). pp.717-731.
Kutvonen, A., Savitskaya, I. and Salmi, P., 2014. The evolution of external technology
commercialisation motives. International Journal of Business Innovation and Research.
8(3). pp.235-251.
Loggie, K. A., 2016. Intellectual property and online courses. Beyond the Online Course:
Leadership Perspectives on eLearning, p.377.
Maritz, A. and Donovan, J., 2015. Entrepreneurship and innovation: Setting an agenda for
greater discipline contextualisation. Education+ Training. 57(1). pp.74-87.
Mazzarol, T., 2013. The role of social capital, strategic networking and word of mouth
communication in the commercialisation of innovation. In Strategy and Communication
for Innovation (pp. 173-193). Springer, Berlin, Heidelberg.
Mohannak, K. and Samtani, L. A., 2014. A criteria based approach for evaluating innovation
commercialisation.
Pellikka, J. T. and Malinen, P., 2014. Business models in the commercialization processes of
innovation among small high-technology firms. International Journal of Innovation and
Technology Management. 11(02). p.1450007.
Pollitzer, E. and Schraudner, M., 2015. Integrating gender dynamics into innovation ecosystems.
Sociology and Anthropology. 3(11). pp.617-626.
Robertson, S. L., 2014. Corporatisation, competitiveness, commercialisation: new logics in the
globalising of UK higher education. In The Internationalisation of Higher Education
(pp. 31-44). Routledge.
Sonne, L., 2012. Innovative initiatives supporting inclusive innovation in India: Social business
incubation and micro venture capital. Technological Forecasting and Social Change.
79(4). pp.638-647.
16
Books and Journals
Ahn, J. M., Minshall, T. and Mortara, L., 2015. Open innovation: a new classification and its
impact on firm performance in innovative SMEs. Journal of Innovation Management.
3(2). pp.p33-54.
Ahn, J. M., Minshall, T. and Mortara, L., 2017. Understanding the human side of openness: the
fit between open innovation modes and CEO characteristics. R&D Management. 47(5).
pp.727-740.
Azarmi, D., 2016. Factors affecting technology innovation and its commercialisation in firms.
Barjolle, D., 2016. Geographical indications and protected designations of origin: intellectual
property tools for rural development objectives. In Research Handbook on Intellectual
Property and Geographical Indications. Edward Elgar Publishing.
Chen, Y., Bharadwaj, A. and Goh, K. Y., 2017. An Empirical Analysis of Intellectual Property
Rights Sharing in Software Development Outsourcing. Mis Quarterly. 41(1).
Chun, D., Chung, Y. and Bang, S., 2015. Impact of firm size and industry type on R&D
efficiency throughout innovation and commercialisation stages: evidence from Korean
manufacturing firms. Technology Analysis & Strategic Management. 27(8). pp.895-909.
Cunningham, S., 2013. Hidden innovation: Policy, industry and the creative sector. University
of Queensland Press (Australia).
Hemphill, T. A., 2014. Patent assertion entities: do they impede innovation and technology
commercialisation?. Technology Analysis & Strategic Management. 26(7). pp.717-731.
Kutvonen, A., Savitskaya, I. and Salmi, P., 2014. The evolution of external technology
commercialisation motives. International Journal of Business Innovation and Research.
8(3). pp.235-251.
Loggie, K. A., 2016. Intellectual property and online courses. Beyond the Online Course:
Leadership Perspectives on eLearning, p.377.
Maritz, A. and Donovan, J., 2015. Entrepreneurship and innovation: Setting an agenda for
greater discipline contextualisation. Education+ Training. 57(1). pp.74-87.
Mazzarol, T., 2013. The role of social capital, strategic networking and word of mouth
communication in the commercialisation of innovation. In Strategy and Communication
for Innovation (pp. 173-193). Springer, Berlin, Heidelberg.
Mohannak, K. and Samtani, L. A., 2014. A criteria based approach for evaluating innovation
commercialisation.
Pellikka, J. T. and Malinen, P., 2014. Business models in the commercialization processes of
innovation among small high-technology firms. International Journal of Innovation and
Technology Management. 11(02). p.1450007.
Pollitzer, E. and Schraudner, M., 2015. Integrating gender dynamics into innovation ecosystems.
Sociology and Anthropology. 3(11). pp.617-626.
Robertson, S. L., 2014. Corporatisation, competitiveness, commercialisation: new logics in the
globalising of UK higher education. In The Internationalisation of Higher Education
(pp. 31-44). Routledge.
Sonne, L., 2012. Innovative initiatives supporting inclusive innovation in India: Social business
incubation and micro venture capital. Technological Forecasting and Social Change.
79(4). pp.638-647.
16
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Theyel, N., 2013. Extending open innovation throughout the value chain by small and medium-
sized manufacturers. International Small Business Journal. 31(3). pp.256-274.
Trimi, S. and Berbegal-Mirabent, J., 2012. Business model innovation in
entrepreneurship. International Entrepreneurship and Management Journal. 8(4).
pp.449-465.
Tsai, S. P., 2015. Dynamic marketing capabilities and radical innovation
commercialisation. International journal of technology management. 67(2-4). pp.174-
195.
West, J. and Bogers, M., 2014. Leveraging external sources of innovation: a review of research
on open innovation. Journal of Product Innovation Management. 31(4). pp.814-831.
Online
4Ps of Innovation. 2019. [Online]. Available through:
<https://innovationmanagementsite.wordpress.com/2015/09/07/innovation-space-4ps/>
Innovation funnel. 2016. [Online]. Available through:
<https://egyptinnovate.com/en/innovation-tool/4ps-exploring-innovation-space>
17
sized manufacturers. International Small Business Journal. 31(3). pp.256-274.
Trimi, S. and Berbegal-Mirabent, J., 2012. Business model innovation in
entrepreneurship. International Entrepreneurship and Management Journal. 8(4).
pp.449-465.
Tsai, S. P., 2015. Dynamic marketing capabilities and radical innovation
commercialisation. International journal of technology management. 67(2-4). pp.174-
195.
West, J. and Bogers, M., 2014. Leveraging external sources of innovation: a review of research
on open innovation. Journal of Product Innovation Management. 31(4). pp.814-831.
Online
4Ps of Innovation. 2019. [Online]. Available through:
<https://innovationmanagementsite.wordpress.com/2015/09/07/innovation-space-4ps/>
Innovation funnel. 2016. [Online]. Available through:
<https://egyptinnovate.com/en/innovation-tool/4ps-exploring-innovation-space>
17
1 out of 20
Related Documents
Your All-in-One AI-Powered Toolkit for Academic Success.
+13062052269
info@desklib.com
Available 24*7 on WhatsApp / Email
Unlock your academic potential
© 2024 | Zucol Services PVT LTD | All rights reserved.