WorksheetsInnovation
Total questions: 6
Worksheet time: 12mins
What is product and process Innovation?
Anticipating future trends or potential problems and ideas that allow businesses to meet this future demand.
Creating potential problems to generate profit and to create a pressured work space.
A type of management.
Anticipating future trends to satisfy the customer, and to meet standards in a business
What are the advantages of innovation?
To give employees an opportunity to come up with ideas.
Competitors can't copy your ideas as it is protected.
Improve customers quality of life and to create a sustainable future.
To insure quality of products meet standards and customer satisfaction is achieved.
Which of these has a working environment that encourages innovation.
Amazon
Fire stations
The Warehouse
Which of these is a form of innovation?
Protecting a companies assets.
An idea an employee has come up with that will help improve a product.
Using Trademark to protect a brand.
Eating an egg sandwich.
What are the impacts on businesses that don't encourage innovation?
High levels of failure
Customer satisfaction will increase
The innovation could be first in the market and can demand a higher price due to the lack of competition.
Employees will be encouraged to work harder
What are some strategies to sustain innovation?
Increased bureaucracy
Open communication
It starts at the top
Makes your recognition and rewards are only for favored staff members
Establish a clear sense of direction
