1. Innovation
Bringing a new idea into being within
the market-place (product innovation)
or workplace (process innovation)

2. Sources of innovation:
• New technology
• New design
• Inventions

3. Fact or fiction?
• A ‘floating train’
• The internet projected in front of your face
whenever you want it
• A flexible, wearable, self cleaning mobile
phone

4. https://www.youtube.com/watch?v=k_eT4zq8eO0

5. https://www.youtube.com/watch?v=ErpNpR3XYUw

6. https://www.youtube.com/watch?v=Zto6aTZM9t0

7. In groups:
• What are the benefits of successful product
innovation to a business?
• Any potential problems?

8. Process innovation
New ideas within the workplace
In groups:
• What changes over time have been made to
working in an office?
• https://www.youtube.com/watch?v=oO9ggqCq-GI
• What changes have been introduced to
manufacturing over time?
• https://www.youtube.com/watch?v=R46x6k2wieU

9. ‘Compare and contrast the terms
enterprise and innovation’
• The main similarity is that they both involve
risk but have the potential to provide financial
rewards.
• The main difference is that enterprise (“The
creation of a business to meet the needs and
wants of customers!”) may not involve new
products or processes.