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.
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