Order Assignments Now Get Upto 50% Off “Let’s fight, Help and Win” UPTO 50% OFF due to COVID-19 break down Order Now

Innovation and Commercialization of Studer group

University: Regent University

  • Unit No: 8
  • Level: Undergraduate/College
  • Pages 12 / Words 3000
  • Paper Type: Assignment
  • Course Code: R/508/3456
  • Downloads: 60
Question :

The CEO of Studer group is planning to embed a culture of Innovation and Commercialization in the organization in the coming period of 12 months.

  • Explanation of concept of innovation and state how does it differentiate from invention.
  • Explaining different type of innovation to employees working for Studer group.
  • Determining the process which has been required to commercialize innovation for Studer group supported with suitable examples.
  • Evaluating range of methods which are used to protect ideas along with determination of their advantages and disadvantages.
Answer :
Organization Selected : Studer group


Business is the place where activities done to earn profits and satisfy demand of society. It is important to work as per change in society, so they can achieve targets in better way. These days there is change in demand of society, so it is important to work as per change in plants and policies. It is essential to work as per society, so innovation is done to perform activities in better and effective way (Aarikka-Stenroos and Sandberg, 2012). In innovation there is important role of manager. This report is based on Studer group which works with health care centres to deliver good quality of services to society and hence they are satisfied. In this report there is discussion about difference between innovation and invention, P's of innovation, role of vision, mission and team work in making innovation properly. There is important role of innovation funnel, frugal innovation which help in achieving targets in better and effective way.

A+ Grades @Affordable Prices! We deliver all academic papers from dissertations & assignments to thesis, & case studies. 5000+ satisfied students, you could be next! Place Your Order Now! Order Now


P1 Innovation and its importance in comparison to invention

Innovation can be defined as creating something new in existing product. It is important to work with change in plans and policies which satisfy demand of society. Innovation come sin mind when person is facing some problem in current services. This creates changes in activities of company. It is essential to work as per requirement of society, so people do not switch to other brand. In case of Studer group, they have to innovate their services, health care departments prefer to avail services from them (Bogers and West, 2012).


  • This is process which gives something new to society, which is not present previously.
  • In this there is requirement of changes which are related to existing product.
  • This is done by research and development department which help to know what is requirement of society and how it can be resolved.
  • In innovation various departments are involved. This helps to know financial assistance to activities.
  • In invention, there is no creativity. This is result of lacking whose requirement is their in society.
  • Innovation is the thing which helps to analysis market and it helps to motivate workers to create new ideas.
  • Invention is mainly done by top level managers.
  • In innovation there is involvement of employees also.

Importance of Invention

This helps to lunch new product in market. It is important to know what are shortcomings faced by society and accordingly take actions. It is important to know what can be done which helps in increasing goodwill of company in market.

Importance of innovation

In innovation, there is requirement of changes which has to be taken place in current policies. There are changes modification in current plans and policies which can be done by employees of company (Chun and et. al., 2015). It is essential to know what can be done and how it can be effectively applied in operations. In case of Studer group they are thinking to come with ICU services at home, so it is essential to plans in proper and effe

Download Full Sample
Cite This Work To export references to this sample, select the desired referencing style below:
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Global Assignment Help. R/508/3456 [Internet]. Global Assignment Help.(2022), Retrieved from: https://www.globalassignmenthelp.com/free-samples/r5083456-innovation-and-commercialization-of-studer-group
Copy to Clipboard
Often times, students feel unable to work on assignments and think, “Who will do my assignment?” By providing "Sample" on various subjects, we are trying to help them understand all the intricacies of writing. We have the most qualified and skilled assignment writers who can provide the best assignment writing services,essay writing services, dissertation writing services, and more at the most affordable rates. Place your order now for surprising discounts.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price

Delivered on-time or your money back

100+ Qualified Writers

For Best Innovation Sample Assignment Help

View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Check your work against paraphrasing & get a free Turnitin report!

    Check Paraphrasing
  • tools Plagiarism Checker

    Check your work against plagiarism & get a free Turnitin report!

    Check Plagiarism
  • tools Reference Generator

    Get citations & references in your document in the desired style!

    Generate References
? Help