Factor_that_affect_Innovation_CAMBRIDGE.pdf

Factor_that_affect_Innovation_CAMBRIDGE.pdf - 17 THE...

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Students learn about: factors that impact on success of innovation including; - timing, available and emerging technologies, historical and cultural, political, economic and legal factors, marketing strategies the role of a variety of agencies that may impact upon the success of innovation entrepreneurial activity - nature of entrepreneurial activity - role in design and technological activity - agencies which influence entrepreneurial activity - management and entrepreneurial activity legal and ethical issues Students learn to: differentiate between factors which have contributed to the success or failure of innovations describe the role of a variety of agencies that influence the development, implementation and acceptance of innovation discuss the influence of entrepreneurial activity on successful design and innovation discuss the legal and ethical issues related to entrepreneurial activities Source: Design and Technology Stage 6 Syllabus, © BOS NSW, 2010 THE FACTORS THAT INFLUENCE INNOVATION AND THE SUCCESS OF INNOVATION H3.1 analyses the factors that influence innovation and the success of innovation 17 177
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178 CAMBRIDGE SENIOR DESIGN AND TECHNOLOGY Design and innovation To innovate means to introduce changes or new things. In Design and Technology, we think of innovations as changes or improvements to product design and manufacturing. Innovative designers are involved in the purposeful search for change and the creation of opportunities to bring about that change in order to improve our quality of life. Two hundred years ago, we lived in an agricultural environment, relying on land and labour. During the industrial revolution of the 19th century, machines were developed to produce goods and services on a large scale. Production was the key to economic success – the more that was produced the more the economy grew. Technological development focused on the plant and equipment needed for production. Today, knowledge has replaced land, labour and finance as the most important resource for economic development. The leading organisations of the future will be those that are able to gain value from information, in other words, that can innovate. Factors that contribute to success or failure There are many factors which contribute to making an innovation successful. An innovative design will not only be aesthetically pleasing but will also function better than its precursors and bring benefits to the economy and culture into which it emerges. Innovation is about taking new ideas or improvements successfully through to the market place. It concerns predicting and satisfying customers’ needs and wants, leading to improvements in people’s lives and increased prosperity and wellbeing.
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