Innovation and Commercialisation in F-drones

Unit 8 – Innovation and
Commercialisation

Table of Contents
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
P1- difference between innovation and invention and importance for the company..................3
LO2..................................................................................................................................................4
P2-Ways teamwork, leadership, vision and culture give shapes to the commercialization and
innovation....................................................................................................................................4
LO2..................................................................................................................................................5
P3- 4P's of innovation and explanation of Funnel innovation.....................................................5
P4- Explanation in developments frugal innovation in organisational context..........................6
LO3..................................................................................................................................................7
P5- importance of commercial funnel and application of the new product development...........7
P6 Building the innovation business case and source of funding................................................9
LO4................................................................................................................................................11
P7- Tools to protect intellectual property..................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Innovation within the business is the process in which companies come up with the new
additional ideas within the existing product. Organizations try to make their product and services
more value for the costumers, so they continuously bring some changes in their product by
collecting new ideas.
This report will cover the case study of F-drones who are developing the innovative
technology base drones aerial Deliveries to the ships and offshores platforms. They have
innovated their drones in a way in which drones designs can take the heavy payload and with
long range capabilities.
This report will compare two organization on the basis of innovation and inventions. It
will discuss how companies leadership, vision and culture and teamwork can shape innovation
and commercialization. This report will provide 4 p's of innovation and explain the fugal
innovation with the examples. It will also provide process of developing new product for the F
drones and company will developed new Drones.
LO1
P1- difference between innovation and invention and importance for the company
Innovation and invention are two different process that have mutual benefits to the
organization. Here are importance of the innovation and invention within F-drones and NOKIA.
Importance of innovation and invention in F-drones
Innovation and invention have huge advantages to the F-drones, and they can take
benefits of the both inventions and innovation. Company has innovated their technology which is
an invention because their technology to deliver things to the ships and offshore platform are
unique and having huge importance for the people (Adelowo, Akinwale and Olaopa., 2017). It is
helping them to take competitive advantages by selling the drones to the government, and they
take huge amount for selling their drones and still F-drones has not invented anything but if they
come up with the new Invention then they can cover the whole market and for the technology
transfer to the other companies they can make huge amount from them.
Importance of innovation and invention for the NOKIA
Innovation and invention make them NOKIA one of the most popular Key pad mobile in
the Indian market in past year and that was possible because they invent the new technology. The
first telephones call on the GSM G2 network was made by the Harri Holkeri who is an PM ODF

Finland, He used a prototype Nokia GSM phone to make the call. In 1992, the first GSM phone,
the Nokia 1011, was made commercially available. It was an innovation that make their mobiles
phones popular and company make huge profitability and over most of t shares within the
markets like India while company innovate the mobiles phones with the strong body which was
an innovation by the NOKIA and India market they were able to sell high quantify of the
mobiles peace, but they do not come up with the continues innovation and when they get offer to
collaborate with the Android then they go with the Windows which was a wrong decision by the
NOKIA of the lack of innovation in their mobiles phones.
Innovation Invention
 Innovation is the development process
and the application of the idea to
improve the ways things are done.
Companies improve their product ad
services by adding the new features are
non as the innovation (Ardito., 2018).
 Invention is about making anything
new which never made by anyone
before within the business. It could be
any technology for examples –
Invention of Build, TV etc. this all was
the invention when they firstly
introduce to the people.
 Companies add some new features that
make their product and services more
effective.
 Business that introduce something for
the first times and make their work
more effective
 Activities & applications spread across
the organization.
 Activities usually restricted to the
research and development centre
LO2
P2-Ways teamwork, leadership, vision and culture give shapes to the commercialization and
innovation.
Team work, culture, vision and leadership has huge contribution to shape innovation and
commercialization within the F-drones. Here are explanation of the of given terms-
Team work
Team work plays most important role in shaping the innovation and commercialization
for the F-drones because team always consist of the various team members with different skills