Assignment on Type of Innovation
Added on 2020-12-31
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Type of Innovation
Table of ContentsINTRODUCTION...........................................................................................................................3LO4..................................................................................................................................................3P7. Different tools that Dyson can use to develop, retain and protect knowledge as well asintellectual property................................................................................................................3M5 Present supported evidence-based evaluation of these different tools in the context of thewider business environment...................................................................................................5D1 Evaluate the nature of innovation and the context in which it is developed, providingevidence-based judgements on how Dyson can overcome challenges to develop successfulinnovations.............................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTION Innovation is a process that deals with implementing and innovation of ideas to providebest services to customer. It is helpful for maintaining the economic cost, customer satisfaction,etc. New products are launched in market with help these innovative ideas. . Innovation is anessential part of every organization, implementation of these ideas are very neccesary for growthand development of company. Dyson is a company that designs or manufactures different typesof products such as cleaners, hair dryers, vacuum clear, blade-less fans, etc. Innovation is veryimportant for organization to expand their business in all over the world. innovation the best wayto plan about new product launch in market The report will determine the different tools ofDyson that would develop a new product in marketplace.LO4P7. Different tools used by Dyson for devleoping, protecting and reatining intellectual propertyInnovation is the best technique to improve the quality of product. because they arebasically using new strategies and approaches to implement idea for enhancing their business inother countries. Innovation is a long term plan to design product, that would be helpful for thecustomers (Barbero and et.al., 2014). human craetivity and intelectual property is very importantfor innovation. Dyson is a fast growing organization, which always develop and launch a newproduct in market.Intellectual property plays an important role in business process. Ideas and innovation areprotected by this law. To increase there position in marketplace, they plan successful, conceptand ideas. There are different tools used in development of new products, some of them arediscussed below:Patents-it is licence given by govenrnmnet for inovation of new products. it is the besttechnique that allow to the business for increasing their brand values in marketplace(cimperman and et.al., 2018). They offer many processes and products in the market toachieve the competitive advantages.different type of patents as follows:1. Design – This type of patent is basically used in different articles. Design of articles aremanufactured in effective way.This type of patent is used by Dyson, company present newproducts in effective way. It provides the information about product in market through
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