Innovation (AQA A-Level Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Innovation definition
Innovation definition
Developing new ideas and putting them into action
Product innovation
Product innovation
Creating new goods/services or improving existing ones
Process innovation
Process innovation
New or improved methods of production and delivery
R&D department purpose
R&D department purpose
Drives innovation by generating and implementing new ideas
Number of NPD stages
Number of NPD stages
Six stages
Kaizen
Kaizen
Japanese philosophy of continuous improvement
Intrapreneurship
Intrapreneurship
Employees empowered to develop innovative ideas within firm
Patent
Patent
Legal registration and protection of a new invention
Trademark (™)
Trademark (™)
Legal protection for business names, logos, and slogans
Copyright
Copyright
Automatic protection for written work and music
