Delamere Dairy: Applying Innovation and Commercial Funnel Strategies
VerifiedAdded on 2023/06/17
|10
|458
|253
Report
AI Summary
This report provides an analysis of innovation and the application of commercial funnels within the dairy drinks industry, focusing on Delamere Dairy. It highlights the importance of innovation for business performance in the international market and emphasizes the need for companies to develop and apply innovative products. The report appraises frugal innovation as a cost-effective approach to cater to diverse buying powers and discusses the application of the commercial funnel for new idea development through market research. It identifies essential resources for innovation development, including cost, materials, and timely availability. Furthermore, the report evaluates tools such as patents, trademarks, and unique symbols for protecting a company's intellectual property rights. The report concludes by underscoring the significance of these strategies for attracting audiences and maintaining product uniqueness.
1 out of 10