Analysis of Innovation and Commercialisation for F Drones - BUS123

This report provides a comprehensive analysis of innovation and commercialization strategies, using F Drones as a case study. It begins with an introduction to innovation and invention, differentiating between the two and highlighting their importance in a competitive business environment. The report then delves into how firm vision, culture, leadership, and teamwork shape innovation and commercialization. It examines the 4 P's of innovation (product, paradigm, position, and process), the innovation funnel, and the application of frugal innovation. Furthermore, the report analyzes the commercial funnel and the application of new product development for commercialization. It includes the construction of an innovative business case for F Drones, including funding access, and assesses tools for enhancing, retaining, and protecting knowledge and intellectual property. The report concludes with a summary of the key findings and insights regarding the role of innovation and commercialization in the success of F Drones, and provides references to support the analysis.