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Presentation1.pptx

  1. 1. Unit 1: Innovation Mindset and Values 1
  2. 2. Learning Objectives 2 Summarise current business models through the Business Model Canvas LO1: Identify the role and value of innovation in business modelling LO2: Compare and contrast between the 4Ps of innovation LO3: Summarise organisation values into the Value Proposition Canvas LO4:
  3. 3. Learning Contents 3 Innovation Funnel Business Model Canvas Role and Value of Innovation in Business Modelling Business Innovation Strategies
  4. 4. Learning Contents 4 4Ps of Innovation Value Proposition Canvas • Getting a fit
  5. 5. 1.2 Innovation Funnel • The innovation funnel is a graphical representation of the flow or process of innovation. • There are 4 parts to the process: 1. Ideas 2. Criteria 3. Finetuning/Testing 4. External Environment 5
  6. 6. 1.2 Innovation Funnel • The funnel shape is easy to use and therefore is also often used by organisations that specialise in more than one industry. • The Innovation Funnel doesn’t help to establish the requirements for developing a new product or service. 6

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