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Unit 8: Innovation and Commercialisation

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Added on  2023-01-19

Unit 8: Innovation and Commercialisation

   Added on 2023-01-19

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Innovation and
Commercialization
(Task 3)
Unit 8: Innovation and Commercialisation_1
Table of content
Introduction
Importance of commercial funnel and application of new product
development processing for commercialization
Innovative business case
Conclusion
References
Unit 8: Innovation and Commercialisation_2
Introduction
Commercial funnel is related with sale of products and services that helps to make higher profits.
It is important for organization to focus on commercial activity band increase the business
performance. It involves new product development process that is used by organization for
innovation and commercialization. Such presentation discusses about importance of
commercial funnel and application of new development process for innovation. Moreover,
business innovation case and ways to funding are also discussed in such presentation.
Unit 8: Innovation and Commercialisation_3
Importance of commercial funnel addition to application of new
product development processing for commercialising innovation.
Commercial funnel: This is very popular term which is used by business firm for the
purpose of gain attention of customers by innovating new products and services. It
helps to increase the production and profit margin by growing the business activities
at different places.
Unit 8: Innovation and Commercialisation_4

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