Implementing AI and Robotics in TESCO: An Innovative Proposal

Innovation and
Enterprise
Assessment 2

Table of Contents
Introduction.................................................................................................................................................3
Overview of innovative practice..............................................................................................................3
Theories of innovation.............................................................................................................................3
Process of Innovation..............................................................................................................................4
Proposal.......................................................................................................................................................5
Justification of idea..................................................................................................................................5
Marketing................................................................................................................................................5
Target Audience:.....................................................................................................................................6
Costs........................................................................................................................................................7
Conclusion...................................................................................................................................................8
References...................................................................................................................................................9

Introduction
Innovation plays an important role in order to produce significant products or services for
the betterment of population. It is result of detailed analysis and evaluation so that the issues that
are being faced by target audience can be resolves easily. The main aim of innovation is to bring
something new in the market with an aim to deal with the issues that are being faced by the
individuals. By developing innovative products, a company can easily grow in the market place.
In the current competitive era, innovation is highly imperative to stay relevant. Adopting
competitive strategies make the company enable to sustain within the competitive environment
for longer period of time (Shao and et. al., 2020). In present scenario, the chosen company is
TESCO that is a well-known entity of retail industry offer groceries and other general
merchandise such as mobile phones, clothing, accessories and more. In present situation, the
organization can facilitate innovation in terms of introducing artificial intelligence and robots in
their outlets across the world. By this way, it is possible to ease out the working practices and it
will also help in terms of providing better experience to the customers.
Overview of innovative practice
In the current scenario, the chosen organization is TESCO that is a well-known brand
name within retail industry. However, they are working within retail industry which is highly
competitive. In this situation, it is imperative for the organization to implement innovative
practices so that they can get competitive edge within the industry. This will also prove useful in
terms of gaining attention of more number of customers significantly. Implementing innovation
will lead the entity towards higher earnings. For this regard, the respective entity is required to
implement Artificial intelligence and robotics within the company. Here, AI will make the
business practices easier. Adopting AI will advance their business functions and make them
enable in terms of keeping record related to business appropriately. Along with AI, they are also
required to follow robotics practices where they need to take place robots within outlets to assist
customers. This innovation will prove useful in improving overall experience of buyers
Theories of innovation
Disruptive Theory: This is an imperative theory of innovation wherein a new product or
service is developed whether by disrupting existing market or creating completely new (Sang,