5.6 Research & development (HL)

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Intro to innovation Keynote
Watch the video below to see how James Dyson used innovation to succeed in business.

Task 1-  Innovation: Benefits and problems

Research & Development involves investigating the unknown and then using the findings to develop new systems or products. R&D as it is better known helps businesses to improve continuously over time.
R&D is particularly important in Hi-tech industries where product life cycles tend to be short. They can help a firm gain a first-mover advantage.

Problems with R&D Keynote

Task 2 – Read about intellectual property protection and then complete the Pages worksheet below.
http://www.ipo.gov.uk/
Intellectual property worksheet

Task 3 – Complete the following worksheet to show how different factors can influence the rate of innovation that takes place in different organisations.
Factors affecting innovation worksheet