This is a completed assignment 3 for Unit 1 Btec Business Level 3. All my units have been marked at distinction level. Following this as a guideline you will achieve the same. *DO NOT COPY* It includes learning amis E including the presentation. *BUNDLES AVAILABLE FOR ENTIRE UNIT 1* (including ass...
Centre Number: Candidate number: Name:
Unit 1 Exploring Business
Assignment Title: How important is innovation and enterprise in today’s business
E: Investigate the role and contribution of innovation and enterprise to business success.
Report on enterprise and
innovation.
1
,Centre Number: Candidate number: Name:
Unit 1 Exploring Business
Assignment Title: How important is innovation and enterprise in today’s business
E: Investigate the role and contribution of innovation and enterprise to business success.
Contents
Enterprise and innovation:..........................................................................................................3
Lateral Thinking.........................................................................................................................4
Blue skies thinking:....................................................................................................................4
Six thinking hats:........................................................................................................................4
Serendipity.................................................................................................................................4
Intuition/Gut feeling...................................................................................................................5
Benefits of innovation and enterprise:........................................................................................5
Risks of innovation and enterprise.............................................................................................5
Method 1....................................................................................................................................5
3D printing (A).......................................................................................................................5
Dairy Milk 30% less sugar (B)...............................................................................................9
Vegan products (C)..............................................................................................................12
Christmas products (D)........................................................................................................13
Benefits of Method 1:...............................................................................................................14
Drawbacks of Method 1:..........................................................................................................15
Method 2..................................................................................................................................15
Philadelphia (A)...................................................................................................................15
Cadbury and Oreo (B)..........................................................................................................15
Cadbury and Ritz (C)...........................................................................................................16
Benefits of Method 2:...............................................................................................................16
Drawbacks of Method 2:..........................................................................................................16
Method 3..................................................................................................................................17
Mums Birthday (A)..............................................................................................................17
The famous Gorilla (B)........................................................................................................17
Chocolate Charmer (C)........................................................................................................17
How do you eat yours? (D)..................................................................................................18
Benefits of Method 3:...............................................................................................................18
Drawbacks of Method 3:..........................................................................................................18
Method 4..................................................................................................................................19
Using Foil (A)......................................................................................................................19
Retro design / nostalgia (B)..................................................................................................19
Benefits of Method 4:...............................................................................................................19
Drawbacks of Method 4:..........................................................................................................19
2
, Centre Number: Candidate number: Name:
Unit 1 Exploring Business
Assignment Title: How important is innovation and enterprise in today’s business
E: Investigate the role and contribution of innovation and enterprise to business success.
Method 5..................................................................................................................................20
A glass and a half pop-up shop (A)......................................................................................20
Method 5 - Crème egg café (B)............................................................................................20
Flavourism App (C).............................................................................................................20
Taster (D).............................................................................................................................20
Snapchat singles sensations (E)............................................................................................20
Benefits of Method 5:...............................................................................................................21
Drawbacks of Method 5:..........................................................................................................21
Method 6..................................................................................................................................21
Burtons Biscuits (A).............................................................................................................21
Green and blacks (B)............................................................................................................22
Benefits of Method 6:...............................................................................................................22
Drawbacks of Method 6:..........................................................................................................22
Enterprise and innovation:
The term enterprise can be simply explained as being another name for a business. The word can
also describe the action of someone who shows initiative and ‘makes things happen’. In addition to
3
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