Innovation and Commercialisation Report: Samsung's Microwave
VerifiedAdded on 2023/01/19
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Report
AI Summary
This report delves into the concepts of innovation and commercialization, illustrating these principles through a business case study centered on Samsung's new microwave with voice assistance. The report begins by defining innovation and the significance of the commercial funnel, outlining the various stages from idea generation to commercialization. It then presents a detailed business case for Samsung's innovative product, including an executive summary, mission statement, objectives, resource requirements, market analysis, and financial projections. The market analysis focuses on strategies to effectively position the new product within the target audience. The financial projections estimate the funding needed for the UK launch, along with potential funding sources. The report concludes by emphasizing the importance of innovation and commercialization for companies to improve existing products and enhance market performance. References to relevant literature are included to support the analysis.
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