Learning Outcomes:
On successful completion of this module students will be able to: understand the concept of an agrifood innovation system; understand the significance of innovation and how it links to wider strategic issues within the firm; appreciate how process innovations alter the ways of transforming a range of inputs into products and services for customers and end users; have insights into contingency factors such as firm size, technological complexity and environmental uncertainty which influence the precise choice of processes; understand how food businesses are able to develop new products and services that are differentiated from their competitors, and how these firms can out-perform and learn from their competitors, whether measured in terms of market share, profitability, and growth or market capitalisation; assess the factors that increase the likely success of new products and services, the use of formal development processes and tools, and proven strategies for development and commercialisation,