Innovation Business Case for Business Organisation 7 TASK 48 P7 Tools for business organisation 7

INNOVATION

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Innovation and its significance in comparison with invention..............................................1
P2 Organisational vision, teamwork, leadership and culture can change shape of innovation...2
TASK 2 ...........................................................................................................................................4
P3 4p's of innovation and uses of funnel innovation..................................................................4
P4 Development in Frugal innovation in context to company....................................................5
TASK 3............................................................................................................................................6
P5 Importance of commercial funnel and application of NPD processing.................................6
P6 Innovation Business Case for business organisation.............................................................7
TASK 4 ...........................................................................................................................................8
P7 Tools that organisation can use to develop, retrain, intellectual property.............................8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Innovation means to develop or create new ans unique ideas related to any products,
process, technology and services. It helps in finds new methods to finish the work or task. EE
business organisation is a small business company and it deals in providing mobile networks,
internet service provider ans also a IPTV provider. It operates its mobile network services in
United Kingdom and it is also a largest 4G service provider. In this report mentioned about the
innovation and invention and its significance. This leadership, culture, vision and teamwork can
helps in give the shape to commercialisation and innovation (Adner and Kapoor, 2010).
Company uses 4p's of innovation and innovation funnel can helps in give the shape to innovating
ideas. In this present report, mentioned about the development in frugal innovation in business
context. There are some importance of commercial funnel and company uses new product
development for introducing new products and services. This business firm uses some tools and
techniques to develop and protect knowledge of intellectual property.
TASK 1
P1 Innovation and its significance in comparison with invention
Innovation means to use unique idea in to action form. Innovation helps in making
products better and it also helps in make changes in goods or services according to customers
preferences. This term helps in developing new ideas and methods related to any technology,
process, products etc. EE limited company provides 4G services to its customers which gives
high quality of Internet and calling facilities to its customers. It is a largest mobile network
provider in United Kingdom. This company introduces new and innovative ideas to make its
business better and successful and to fulfil the needs and wants of customers. Invention refers to
discovering new things with do not exist before (Brown and Wyatt, 2010). Invention of new and
unique things can be patented and render safety and security to inventors for their intellectual
property. There are some differences between the invention and innovation:
1. Invention means to discovering new things which do not present before and on
other hand innovation Emacs to crating and generating new ideas in to reality.
2. In invention, there is a requirement of only scientific skills and innovation, there
is need of technical, marketing, communication and interpersonal skills.
1