Processing different types of innovation:
- The use of the innovation funnel to manage new solution/idea development.
- Overview of the different types of innovation with a focus on disruptive and incremental innovation, and exploring pros and cons of each approach.
- The 4Ps and innovation space strategy.
- The development of frugal innovation in response to necessity vs market driven innovation.
LO2: Explain the
different types of innovation
P3: Explain
the 4Ps
of innovation and explain the use of the innovation funnel to examine
and shape innovation ideas.
P4: Explain
developments in frugal
innovation and provide examples of how it is used in an organisation
context.
M2: Analyse and apply the innovation funnel in an organisational context.
M3: Evaluate the role of frugal innovation in an
organisational context.
LO1 and LO2: D1: Critically
evaluate how innovation is developed, embedded and measured in an
organisational context
Send to Turn-it-in (UK) by Thursday 20th February 2020
