Learning objective
Explain pressures for innovation and distinguish product innovation from process innovation.
Read the explanation, check the common trap, then practise with flashcards and questions.
At a glance
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Topic
Assessing innovation
Subtopic
Innovation strategy
Study support
Understand this objective
Quick explanation
Explain pressures for innovation and distinguish product innovation from process innovation
- This point belongs to Assessing innovation, especially Innovation strategy.
- You need to be able to explain pressures for innovation and distinguish product innovation from process innovation.
- The key ideas to know are innovation.
- Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.
Key concepts
Why it matters
This objective helps connect Innovation strategy to exam-style questions, flashcards, and revision notes for Assessing innovation.
Quick student answer
What should an business answer explain about pressures for innovation and distinguish product innovation from process innovation?
Direct answer
For Business, this page helps you revise pressures for innovation and distinguish product innovation from process innovation in Assessing innovation. Focus on the key terms, the exam command, and a clear answer that matches the question. Key terms to check are innovation and Innovation strategy.
Key terms
- innovation: innovation is a Business concept used to analyse Explain pressures for innovation and distinguish product innovation from process innovation.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.
- Innovation strategy: Innovation strategy should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.
- innovation decision: innovation decision affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.
Common trap
Innovation strategy common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to Innovation strategy.
Related questions
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Revision notestopic notes
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Open revision notesRelated learning objectives
- Evaluate ways of becoming innovative including Kaizen, research and development, intrapreneurship and benchmarking.
Innovation strategy
- Explain how patents and copyrights protect innovation and intellectual property.
Protecting innovation
- Analyse the impact of innovation strategy on functional areas of a business.
Protecting innovation
