9.

2 Innovation
Learning Objectives
• Identify various ways a business can be innovative
• Analyse the impact of innovation on a business
Think Pair Share- Task
• What do you mean by innovation?
• What does it mean be process innovation and product
innovation?
• Which functional area of a business would change as a
result of innovation?
• What are the benefits of a business to invest in innovation?
• Is innovation always beneficial? (cost benefit analysis of
innovation)
• Think of barriers that a business might face if it wants to be
innovation.