Introduction

Research and development focuses on innovation. Innovation can be described as the process of pioneering new and creative ideas in the production process. in business, the term is regarded as the commercial exploitation of new ideas and inventions. It can refer to both radical and incremental changes. This topic looks at the nature and importance of innovation and the factors influencing the degree of innovation in a business.

Course curriculum

  • 1

    Course Information & Support

    • Please Check Now That Your Phone Is In Your Bag. Please Stay For 40 Minutes Of Learning & Sign Out For The Bathrrom During The Last 5 Minutes of Class.

    • Fact Sheet Packet Of Class Policies- Please Scroll Through And Review Again

    • How Well Are You Demonstrating The IB Learner Characteristics? Which Is Your Super Power & Which Presents The Greatest Challenge?

    • Welcome IB Business Management Student

    • Chapter Work Cycle = This Is What We Are Doing In Class & For Homework Every Day

    • Finished Early? Don't Pack Up! Do This ...

    • Please Don't Disrupt Our 40 Minute Work Cycle. Leave For The Bathroom During The LAST 5 MINUTES Of Class.

    • Your Quarter Grade

  • 2

    Your Notebook Is Your Most Important Weekly Grade & Prepares You For The May Exams

    • New Textbook Chapter 5.8 = 10 Headings

    • Read The Rules For Your Notebook Before Every Grading Day. This Paper Must Be Stapled Onto The Inside Cover Of Each Composition Notebook

    • Video: Watch A Spider Map Being Created (Best Study Tool)

    • How To Draw A Spider Map

    • LOOK: Page-By-Page Visual Instructions For Earning a 100% On Every Notebook Chapter. (NEW For 2024)

    • Video: Take A Tour Of A Business Management Composition Notebook

    • This Is How Your Notebook Pages Will Be Graded

    • Notebook Checklist & Reflection Sheet- Print, Complete, And Staple Onto The Last Page Of Your Chapter Notes BEFORE Scoring Day. It's Best To Pick Up This Blue Color Checklist In Class After We Finish The Chapter Review.

  • 3

    "RESOURCE BANK" = Topic Lessons (35) Begin Below this Point:

    • What is the Resource Bank?

    • Take Good Notes - These Posts Contain The Content You Want To Write On The IB Exams

    • RB = 6 Sections & 35 Posts (= 2 RB Day + HW)

    • Key Objectives: What You Should Be Able To Do By The End Of This 5.8 Chapter

  • 4

    What Is R&D?

    • Handout: Key Terms

    • Handout: Governments Also Have An R&D Budget (Read All Pages)

    • Handout: How Much Is Spent On R&D?

    • Handout: Industrial R&D Spending In South Korea Has Soared

    • Handout: Examples Of How Companies Have Benefited From R&D Spending

    • Exam Tip: How To Write A Balanced R&D Exam Answer

    • Video: A Career As An R&D Manager

  • 5

    Innovation

    • Video: 3 Myths Of Innovation

    • Handout: The Innovation Matrix

    • Video: The Term "Disruptive Innovation" Was Coined By Clayton M. Christensen

    • Video: Amazon's Incremental But Significant Innovation With Their Packaging

    • Video: Innovation Happens Even In Places With Very Limited Resources

    • Exam Review: Innovation Lecture

    • Innovation Is A Key Element At Adidas

    • Video: What's The Difference Between a Trademark, Copyright And Patent?

    • Video: What Is Prototyping (With Sound)

  • 6

    Creativity (CCES Concept)

    • Video: What's The difference Between Creativity & Innovation?

    • Exam Review: Adaptors Vs. Innovators

    • Video: If You Want To Become Smarter And Innovative Accept New Experiences (But Don't Do Drugs!)

    • Video: Top 10 Tips To Becoming A Successful Innovator

  • 7

    Descriptive Statistics = Quantitative Tools

    • Video: How Does A Business Use Statistics?

    • Take More Complete Notes: How Do Statistics Help A Business?

    • Video: Statistics Turn Data Into Information Which Is Used For Better Decision-Making

    • Video: What Are Quartiles?

    • Video: Intro To College Business Stats

    • Video: How To Calculate A Lower & Upper Quartile

    • Video: What Does Standard Deviation Mean?

    • Video: How To Calculate A Standard Deviation

  • 8

    Critical Path Analysis (Included In Exams Starting May 2024)

    • READ THIS: Understand The May Exam Format & Learn The Best Paper 2 Strategy

    • Video: Intro To Critical Path Analysis (Part 1 /4 In Series)

    • Video: How To DRAW A Critical Path Diagram (Part 2 /4 In Series)

    • Video: How To ADJUST A Critical Path Analysis Diagram (Part 3 /4 In Series)

    • Video: How To Talk About CPA On Your May Exams (Part 4 /4 In Series)

  • 9

    Research And Development & The CCES Concepts (Creativity-Change-Ethics-Sustainability)

    • Required CCES Video: The Ethics Of Artificial Intelligence Innovations (No Sound?- Use The Included Link)

    • Required CCES Video: Covid19 Boosting Innovation (= Change + Innovation)

    • Optional Video: Some Businesses Also Innovate Products For The Government & Our Military (Examples From James Bond Movies)

    • Read These CCES Definitions. If You Write Them On Your May Exams You Get Credit For Clear Evidence of "Synthesis & Evaluation"

    • CCES Assignment: Write 4 CCES Impact Statements For This Chapter Following The Given Model

    • Finished Early? Don't Pack Up! Do This ...

  • 10

    Let's Do Some Case Studies

    • Look At This Sample Of 1 Completed Case Study - Yours Must Follow The Same Format

    • Visual Of Case Study Day 1 Process

    • Day 1 Participation Requirements During Sharing

    • Instructions For Case Studies Days

    • New Command Terms Definitions List (2024+) Exams = Rules for Answering Test Questions

    • Old Command Terms List = Rules for Answering Test Questions

    • STORIES: Here Are The 5.8 Cases (5 Minutes To Write Your Background Notes. Then 5 Minutes To Share Aloud Around Your Team)

    • QUESTIONS: Here Are The Chapter's 5.8 Case Study Questions For You To Answer.

    • Show Your Teacher Your Completed Case Studies Then ...

    • DO NOT OPEN The Answer Key For The Case Study Until Everyone On Your Team Has Shared Their Best Guess For Every Question. (do not print/download as they are copyrighted by IB)

    • Visual Of Case Study Day 2 Process

    • Finished Early? Don't Pack Up! Do This ...

  • 11

    Review Activities

    • WATCH: 5.8 Chapter Review

    • Video: Mr. B's Review of Business Innovation

    • Instruction Sheet for Review Assignment

    • What Should You Do If You Get Stuck On A Question? Don't Skip It! Do This...

    • New 5.8 Review Worksheets With 4 Tasks M/C 1-15 (Title The Top Of A New Page. Then Label The Tasks And Write The Answers In Your Composition Notebook)

    • Put Away Your Pen & Pencil On Review Day- Only Have A Color Pen On Your Desk

    • 5.8 Quizlet (Used To Be Called Chapter 5.6)

    • Have You Achieved the 5.8 Key Learning Outcomes?

    • Test Yourself! Use The Review Questions Listed At The End Of The Textbook Chapter

    • 5.8 Active Recall Flip Grid Assignment (Objective = Score A 7 For Business Management On Your IB Diploma )

    • Online Students: You Are Almost Finished!

    • Don't Forget The Last Piece!

    • Finished Early? Don't Pack Up! Do this ...

  • 12

    5.8 Quiz Scheduled

    • Come Here On Quiz Day If You Are In The Classroom - Makeups Are On The Day You Return

    • Visual: Quiz Day Schedule Of Activities

What's Next?

What can you do to prepare for the May exams? Check out your BM Exam Prep course.