3.9.2 Assessing Innovation

Question 1

innovation

Answer 1

when a new idea is brought to fruition and turned into a food or service that can be used and/or sold

Question 2

intrapreneurship

Answer 2

when individuals within organisations are being entrepreneurial - taking risks and generating new ideas

Question 3

intellectual property

Answer 3

the legal protection businesses and individuals get for their ideas, inventions or trademarks to prevent others from imitating them

Question 4

kaizen

Answer 4

a process of continuous improvement

Question 5

benchmarking

Answer 5

when a business tries to match the approach and success of a particular process that is used by another organisation

Question 6

patents

Answer 6

protects products, processes or designs and need to be registered. they usually last for up to 20 years

Question 7

copyright

Answer 7

protection of films, text, music and plays. protection is gained through an automatic right