Strategic Innovation Report: Badger Mining Corporation Analysis

This report provides a detailed analysis of innovation strategies applicable to Badger Mining Corporation. It begins by defining innovation and comparing it to invention, emphasizing the importance of innovation in a dynamic business environment. The report then explores how organizational vision, leadership, culture, and teamwork shape innovation and commercialization. Task 2 focuses on the 4Ps of innovation (Product, Process, Positioning, and Paradigm) and the use of the innovation funnel to shape innovative ideas, followed by an examination of frugal innovation and its uses within an organizational system. Task 3 delves into the commercial funnel, the application of New Product Development processes, and the creation of an innovation business case, including funding options. Finally, the report discusses tools for developing, retaining, and protecting knowledge and intellectual property. The report highlights the need for innovation to maintain a competitive edge, improve productivity, and achieve sustainable growth, with specific examples related to Badger Mining Corporation's operations and objectives. The report also covers the importance of aligning individual goals with the company's vision, the role of leadership, and the significance of teamwork in driving innovation.

INNOVATION

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1. Importance of Innovation And its comparison with invention.............................................3
P2. Organisational vision, leadership, culture and teamwork can shape innovation and
commercialisation ......................................................................................................................5
TASK 2............................................................................................................................................6
P3. 4P's of innovation and use of innovation funnel to examine and shape innovative ideas....6
P4. Development in frugal innovation and its uses in organisational system ............................7
TASK 3............................................................................................................................................8
P5. Importance of commercial funnel and the application of New Product Development
processing....................................................................................................................................8
P6. Build an Innovation Business case and various ways to access funding for organisation . .9
TASK 4............................................................................................................................................9
P7. Different tools that can use to develop, retain, protect knowledge and intellectual property
.....................................................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
Innovation can be define as a important process that involve introducing fresh and
innovative ideas, working style so that company can able to stand apart from others. As business
organisations have to work in business environment that is dynamic in nature and keeps on
changing with time. Thus, it become mandatory for firms to introduce innovative way of
working so that their final aim can be accomplished effectively. This report involve Badger
Mining Corporation which deals in producing high quality silica sand products and focuses
majorly on environmental protections concepts. Therefore, innovation conception is highly
necessary to stand strongly in competitive world environment. It is find out the innovation is
much essential procedure that is needed for continuous development. Assignment include
importance of Innovation process and application of new product development in
commercialisation activity. It also throw light on number of tools that are present to retain and
protect intellectual property.
TASK 1
P1. Importance of Innovation And its comparison with invention
There are number of competitors that are present in business environment and therefore it
is indispensable for them to work in accordance to current market situation. Badger Mining
Corporation have introduced number of innovative process into their system that lead to increase
in productivity and efficiency for whole company institution. As their primary objective is to
ensure wellness and well being of customers so that their demands are met in proper way
(Stokes, 2011). There can be conditions that can pose huge problems in front of company and
hence, innovation should be introduced in conducive and constructive mode.
Invention is also a other term that is different from innovation process on the basis of
some grounds. The difference between the two terms are described below:
Points of Difference Innovation Invention
Meaning This process refers to
introducing some new and
innovative concepts on the
basis of modern and advanced
This process is mostly linked
with new product development
area that involve introducing
constructive changes in the

technology that is prevailing in
current market situation.
management system that is
running in contemporary time.
Skills needed In order to be innovative
individual personality must
have complete knowledge
about their key areas that
results in accomplishment of
tasks in prospective mode
(Edquist, 2013).
Main Objective The major aim of this process
is to bring modifications and
alterations in product or
services that will be in
accordance to current market
condition.
The main objective of this
procedure is to conduct
changes in the process that has
been introduced for initial time
in market place.
Badger Mining Corporation is a small scale business organisation and have to bear
number of challenges in order to stand firmly for longer period of time. In order to establish
sustainable growth and share in current market place, management of this company have to
introduce various concepts and aspects innovatively. There are number of advantages enjoyed by
execution of this process. Some benefits are described below:
For Workers of this organisation
 It assists in initiating work process in innovative mode so that final mission and vision
can be attained in proper time period (Sawyer, 2011).
 It lead to increase in productivity and working capability of each and every employees
that are working in organisational system.
 It also focus on developing logical, innovative, scientific knowledge and skills in every
individual that are present in company.
Benefits shared by business organisation

 It aids in building loyal image in customer's mind so that they can retain for longer
period of time.
 It also concentrates on earning huge financial gains and outcomes.
 It lead to continuous improvement of organisational structure that result in attaining final
mission and vision in set time period.
P2. Organisational vision, leadership, culture and teamwork can shape innovation and
commercialisation
There are numerous prospect that are present in organisation system and that have to be
coordinated together that reaches to gain final objectives. Badger Mining Corporation have set
vision that has to be earned in set time period. The obligation lies in the hand of mangers or
leaders that make their team members realize importance of set targets and work accordingly
towards that direction only. There are number of resources that are present in form of land,
labour, capital and other equipments therefore it become important to use these materials in
optimum manner (Goldberg, 2013). There are some elements that are situated in this company
and have certain roles or duties to be played that are illustrated below: Organisational Culture: There are different type of organisations that are present in
business world and have their own culture that include policies, rules, regulations that are
followed in that particular company. Badger Mining Corporation have their own working
environment in which each and every individuals have to perform accordingly. Mission: It refers to the statement that basically underlines the objectives, aims that every
company have. It also pertain products and services that the firm supply to their final
customers in market area. Thus, it has short term scope and has set time period to be
achieved. Vision: Basically, it focuses for achieving long term goals that leads to achieving set
targets in specific time period. The vision of Badger Mining Corporation is deliver high
quality products to their final customers and work that lead to environmental protection.
Hence, all efforts of this company are focused in this set direction only (Boudreau, and
Lakhani, 2013). Team work: It is a very important constituent of organisation that involve group of
people that are assigned specific tasks that have to be conducted while aligning with

company's final goals. Managers responsibility is to align personal objectives of every
individual with company's main purpose so that together they can able to reach set
targets.
 Leadership: Managers also fulfil the role of leaders in which their role is to provide
guidance to their members and lead them towards right direction. This process also
include delivering proper training and development process so that workers can able to
enhance their performance and productivity in effective and efficient manner. Motivation
process is also conducted to motivate employees in correct and right way (Lichtenthaler,
2011).
TASK 2
P3. 4P's of innovation and use of innovation funnel to examine and shape innovative ideas
Innovation is a major process that is adopted by company institution so that complete
work conditions can be performed in constructive way. Innovation funnel is a crucial process
that involve number of steps that mention ways to conduct work process in organisational
system. They also enable to perform the set standard actions in practical manner that result in
running whole process successfully. It aid in defining directions that allow every employees to
work in that particular final path so that vision can be accomplish. There are 4P's of innovation
that have their own importance and role that are discussed below: Product: It refers to the final good or services that are presented to customers in market
area. For this every business establishment have to perform market research process that
enable them to examine nature and behaviour of customers that are there in market area.
Badger Mining Corporation supply oil and gas production, materials related to
construction, agriculture and recreation. Therefore, they offer different varieties of
products to diverse clients and lead to fulfilment of their demands in proper manner
(Díaz-García, González-Moreno, and Jose Sáez-Martínez, 2013). Process: Every business system have to conduct process to convert raw materials into
final outcomes so that they become competent in constructing good image and goodwill
in competitive world. Badger mining corporation have to conduct their process in
conducive mode.

 Positioning: It refers to positioning the product in such a manner so that they can able to
create long lasting image in customer's mind regarding that goods and also make sure that
it lasts for maximum period of time. Thus, it is essential to build such brand image that
result for longer time period.
 Paradigm: There are specific path that have to be followed while conducting some tasks
that are present in organisational system. There are some key areas that need full
attention so that no problems can occur in between path and final aims can be
accomplished.
From the above discussed points it is clear that innovation funnel allow Badger Mining
corporation to execute their tasks and actions in conducive mode. On the other hand there are
4p's of innovation that totally focused on creating such outcomes that have allow to complete set
targets optimally (Vrgovic, Vidicki, Glassman, and Walton, 2012).
P4. Development in frugal innovation and its uses in organisational system
Every company institution have to execute innovation process effectively so that Badger
Mining Corporation can carry out their work process in proper style. Managers have to perform
duty to furnish full attention on performing work task in accordance to set mission so that
ultimate aim can be completed in formative manner. Frugal Innovation assists to achieve final
goals in momentous manner. The capacity and ability of company establishment also contribute
in administrating overall management system so that management structure assists the procedure
in conducive manner. There are various requirements that every manager should adopt in Badger
Mining Cooperation, which are mentioned below:
 They must ensure that each and every member of organisation should work in accordance
to best of their efforts so that company can convert it into their opportunity in order to
reach set targets.
 They also concentrate on launching innovation process in proper and correct mode that is
directly linked with attaining final objectives and intent (Banavar, Harrison, Paraszczak,
and Morris, 2011).
There are huge resources of different nature and types that possess diverse utilities that
are located in different department that are present in single organisational system. These contain

land, labour, capital, human resources and many others. There are some uses of adopting frugal
innovation that are mentioned below:
 There are number of tools and methods that are present in every system and thus, it
become crucial to run whole process in effectual manner.
 There are various types of risks that causes number of problems in distinctive way.
Hence, manager have to study all these consequences and than take corrective steps in
conducive way.
 It help in formulation of such strategies that assists in fulfilling final objectives in
constructive way.
 Frugal Innovation imply that organisation will face situation that is favourable in nature
and remove unfavourable events that may obstruct the path towards success.
 It also make such policies and operations that continuously make tuff job simple and free
from many barrier and hurdles that may arise in different state of affairs.
Hence, it is essential that frugal innovation should be enforced in such a way so that their
overall development can be attained in proper time frame. There can be conditions that may lead
to generation of problems that can curtail the growth and overall performance. Thus, manager
should make such policies in achievable way (Lin, 2011).
TASK 3
P5. Importance of commercial funnel and the application of New Product Development
processing
Commercial funnel is a essential procedure that have aim to underline research process
that take place in organisational system. It gets completed in three major steps that initiate from
gathering different type of data from two important sources that include primary and secondary
sources. Next step follows analysis of collected data information in accordance to demands of
researcher. The last and final step involve getting results and outcomes from the collected data.
After this, final intention gets fulfilled and aim is achieved for which the data information has to
be completed in effective and efficient form (Chiaroni, Chiesa, and Frattini, 2011).
There is another concept of commercial funnel that is introduced in order to locate some
key areas that are present in company and than proper steps regarding it. Badger Mining
Cooperation have to formulate number of actions so that present content can be completed

properly and correctly. Its main focus to locate potential customers in market area and convert
them into prospective and regular clients for longer period of time. Process of New Product
development that refers to developing innovative and new products and goods after discovering
out present demands and needs of customers so that it can be met out expeditiously. This
prospect also consider finding out obstacles and barriers so that proper actions can be taken in
competent way. The whole process of new product development is described below:
(Source: New Product Development, 2017)
From the above represented image, it is clear that there are certain steps that have to
followed in new product development process. Company have decorous team that only focuses
on this procedure and another characteristic is that it involve huge funds to conduct these steps in
decorous style. If Badger Mining Cooperation want to launch some new product than they have
to start from generating idea and than screening it which is followed by testing and development
process. After than, market strategies have to be formed so that products can be reached to target
audience and than test marketing is performed to find out whether clients are happy and satisfied
with the services or not (Zhou, and Li, 2010).
Illustration 1: New Product development process

P6. Build an Innovation Business case and various ways to access funding for organisation
The most important resource that is present in organisational system is funds or finance
that is required to carry out almost every operations and transactions so that final objective can
be earned. Innovation business case involve framing such policies and steps that lead to optimum
utilisation of all resources that are there in business organisation. It aids in establishing proper
coordination among all these areas so that work gets completed in proper time period. There are
situation when there is lack of funds with company hence, they approach several financial
institutions that are present in market area that render help whenever the need and want arises.
The business case can be developed in four stages that are described below: Collection of various inputs: This is a first step that involve collecting data information
in correct manner so that correct materials get collected therefore, there is no difficulty
can be faced under this step. Analysing the gathered data: The data that has been composed in first step is than
examined properly in accordance to researcher's necessity and wants. Imparting conclusion part: This pertain duties in hands of higher management level in
which they take decisions regarding final outcome so that it will be beneficial for whole
organisational system.
 Proper understanding of objectives and aims: It is necessary to study objectives and
aims which is required for constructing sustainable growth and share in current market
area (Ordanini, and Parasuraman, 2011).
There are two types of investors that assist organisation system in order to supply
financial needs that are discussed below: Enterprise capital firm organisation: In this type of organisational structure that involve
firms to raise shares that have return on investment on it.
 Business investors: This party involve those individuals that have capacity of investing
huge capital amount so that they can determine opportunities that allow money
investment in it.

TASK 4
P7. Different tools that can use to develop, retain, protect knowledge and intellectual property
There are number of intellectual property rights that are available with very company
institution that protect and secure them from various problems and obstacles that can arise in
many situations. There are number of physical intangible properties that include: Patent rights: This right is applicable when any individual or company have produced
something new and innovative. It is controlled by Patent Act that have been formulated
by government body. It ensures that if patent holder registered themselves with it than
they are protected from many problems and are safe from any problems. Copy rights: It is governed by Copyright act 1988, that render right to property owner
that perform any task and function. It is formulated for particular time period and have to
be renewed after it get completed. If any individual wants to use this right properly than
they have to seek permission from the real owner and in return the other party have to
pay royalty in return (Govindarajan, and Ramamurti, 2011).
 Trade marks: It is given for some sign, design or work process that allow any individual
or group of party so that they can able to seek protection from these actions or elements.
All the above intellectual rights enable Badger Mining Cooperation to get protection from
any misuse so that they can be free from many barriers that may arise in number of situations.
These are set laws and regulations that have to be executed in corrective and constructive
condition. Therefore, management have to take decisions regarding it and implement in
impelling and expeditious means. All acts that re made under intellectual property rights has to
be examined properly so that complete protection can be done (Yam, Tang, and Lau, 2011).
CONCLUSION
As per the above prepared report it has been concluded that innovation is a very
important process that has been executed in order to stand apart from competitors in market
place. There are number of advantages that is attached to this process and are enjoyed by
administration system effectively and efficiently. The company institution included in this
project is Badger Mining Cooperation, that is a small scale business that supply high quality of

industrial silica and products. There is concept of frugal innovation that are adopted by company
in order to attain their final vision properly. There is process of new product development that
allow organisation to introduce new products in market area.
REFERENCES
Books and Journal
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algorithms (Vol. 7). Springer Science & Business Media.
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