This assignment focuses on Entrepreneurship and innovation relationship. There is also a description of commercial benefits or value-adding consequences.
Entrepreneurship and innovation relationship : commercial benefits or value-adding consequences
Please refer to the attached request file and description below to complete the order
The Weeks 1 and 2 readings and overviews explored the relationship between entrepreneurship and innovation. Importantly, in Week 2 you considered that innovation is not confined to new products. Innovation also relates to services (such as marketing and banking) and processes. (such as improved production methods or improved ways of training employees).
For this Individual Assignment, you will develop an idea for a new product, service or process and present a business plan to implement this idea. This idea could implemented by setting up a new enterprise. Alternatively, you can choose to implement this idea as part of an internal improvement plan within a larger entity, whereby revenues are increased or costs reduced.
Entrepreneurship and innovation relationship : commercial benefits or value-adding consequences
In broad terms, the Individual Assignment i designed to allow you to demonstrate how you would commercialise the ideas that you have developed. Commercialising an idea means that you need to think about important matters such as: Why the idea is important? Is there a commercial or value-adding need for the idea, and if so, what will it be? How will you resource this idea (taking into account different types of necessary resources), and how will the idea be implemented and monitored?
To complete this Individual Assignment:
Submit 900 words assignment that includes these components:
Firstly,discuss the innovation that you wish to implement.
Secondly,outline the problem or opportunity that this innovation addresses.
Thirdly,consider the commercial benefits or value-adding consequences of this innovation.
Detailed Instructions
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