📚 Part 1: Innovation Knowledge Check

1. What does innovation mean in a business context?

Making products cheaper

Creating new or improved products, services, or processes

Copying competitors' ideas

Reducing staff numbers

2. Which of these are types of business innovation? (Select all that apply)

Product innovation

Process innovation

Marketing innovation

Organisational innovation

3. Why is innovation important for businesses competing globally?

It helps them stand out from competitors

It's required by law

It makes products more expensive

It reduces customer satisfaction

4. Air New Zealand's Skycouch (economy seats that convert to beds) is an example of:

Product innovation

Process innovation

Marketing innovation

Organisational innovation

✏️ Part 2: Innovation Examples

5. Give one example of a New Zealand business that has used innovation successfully:

Business name: _________________________

Type of innovation: _________________________

6. Explain how Fonterra's development of new dairy products for Asian markets demonstrates innovation:

7. Complete the sentence:

Process innovation focuses on improving _________________ within a business, while product innovation creates new or improved _________________.

8. Choose ONE type of innovation and explain how it could help a New Zealand business compete internationally:

Type chosen: _________________________

🎯 Part 3: Critical Thinking

9. What challenges might New Zealand businesses face when trying to innovate for global markets?

10. Extension Challenge: Research and describe one example of "disruptive innovation" by a New Zealand company:

Business Innovation Types

Business Innovation Types

📚 Part 1: Innovation Knowledge Check

✏️ Part 2: Innovation Examples

🎯 Part 3: Critical Thinking

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