Innovative Idea for Dyson: Sanitization in Vacuum Cleaners
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This report discusses the importance of innovation in business and proposes an innovative idea for Dyson to include sanitization in vacuum cleaners. The report also covers theories of innovation and an implementation plan for the proposed idea.
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Innovation and Enterprise
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Apply theories of innovation and idea generation to products, processes or services to develop an innovative idea.......................................................................................................................1 Devise a proposal for an innovative product, process or service for a working organisation and produce an implementation plan.................................................................................................3 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Innovation is the process which is defined as the developing a new ideas or innovating of something new within the product of an business organisation. It is very important for the organisation to keep innovating in their products or services which have several benefits in order to achieve success and growth. The innovation is related to the developing process of the business organisations products, process or services which is applied within the working environment. There are several innovation theories which need to be adopted in order to gain competitiveadvantage.Theinnovationhelpstheorganisationinattractingthecustomers attention towards the brand. The chosen organisation for this report is Dyson which is the multinational technology company situated in London. The company designs and manufacturers various house hold appliances such as vacuum cleaners, hand dryers, purifiers etc. there is the innovation which is bough in the vacuum cleaners in order to bring innovation within the product of the company. (Shao, and et.al.,2020).This report will include the theories of innovations and the plan for generating the innovative idea within the organisation. MAIN BODY Apply theories of innovation and idea generation to products, processes or services to develop an innovative idea It is very important for the business organisations tto innovate and bring new ideas within the company in order to enhance development and productivity within the business enterprise. This also increases in the brand image of the company which helps the companyin attracting the wide range of customers. It is very essential for the marketers to think out of box which can bring the organisation in the minds of the customers. The innovation should be in such a manner that it is beneficial for the customers use. The company can fascinate the maximum quantity of customers by executing there services in United Kingdom. As in context of Dyson, the company provides the various product of home appliances in which the vacuum cleaners is the essential for the customers and this is most useful product. It is been identified that the plan is to innovate vacuum cleaners in such a way that it is impactful for the use of the customers the innovation which is brought to bring the sanitization concept in vacuum cleaners which will also sanitize in order to keep the area and clean and sanitised as well. As this innovation will impact in a positive way in the minds of the customers. After pandemic the sanitisation has become the most 1
important priority for every one. This innovation can lead to the positive impact in the minds of the customers and also will help the business organisation in increasing the brand value. (.Yubo, C., 2021) This innovation and new idea will help the Dyson to develop a brand image and also this will enhances in increases their market share. As after Covid- 19 the sanitisation is the proce4ss which need to be considered by every business organisation and bringing this type of innovation will bring positive impact and people will prefer such kind of product in their homes for their safety. This is important element for the people as the coronavirus has created fear in the minds of the people. This is the innovation which will increase sales for the company and help in attracting large set of customers. Theories of innovation Technology innovation-This is the innovation theory which is defined as a the sue of the technology in bringing the innovation within the products ors services of an business organisation. It is very important fro the business organisation to identify which kind of technology can help the company in bring the innovation idea which is been decided by the marketers. This theory states that the technology can help in bringing innovation into account. It is analysed that this theory can be effective for the Dyson in bringing the change with the use of the technology. As the vacuum cleaners are used in several places for the purpose of cleanliness which is very important and including the sanitization feature in that can help in attracting customers. This can be developed through the use of technology. (Li, R., Rao, J. and Wan, L., 2022) Disruptive Innovation Theory: It is an effective strategy which refers to the concurrent pursuit within the market of bringing new product considering the suitable and effective presence. New firms business models differs significantly from incumbent. It occurs from the nascent to the mainstream as it is the process not the service or product. It is the most important theories of innovations and which provides the explanation to how and why it is established, big companies one day get befall by smaller companies and this is why it introduced the theory of disruptive innovation. The purpose of this theory is creating as well as capturing the market space(Kuo and Smith, 2018). The primary is making their prominent presence, capture new demand and make competition as introducing new products with superior, innovative and attractive features. Through this the 2
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company can bring easily more and more customers towards making more profits and offerings. There are basically two types of disruptive innovation which are new market disruption and low end disruption. It is the process of transforming expensive or sophisticated goods and services into more accessible, affordable and simpler to a broader population. It is more beneficial for an organisation as it will help the in order to increase its market share and innovation of new goods and services efficiently and effectively. In context to Dyson company which makes the exclusive range of air purifiers, straighteners, vacuum cleaners and hair stylers. The company introduced the new product that is sanitizer in its vacuum clear. It will help the company to analyse that which market area is more profitable for the company. It is the most powerful way of thinking about the innovation driven growth. At the time of COVID 19 pandemic situation the consumer want to keep their house and stuff more hygienic and sanitized so according to the analysis of consumer and market the company has launched its new products which is hygiene and safe for using the products at home. By the help of disruptive theory of innovation it will increase the company's profit share, market share and goodwill in the market appropriately by providing sanitizer in the vacuum cleaner(Lecerf and Omrani, 2020). It will attain the competitive advantages by serving the innovative goods and services in the existing or new market over their competitors. Apart from this, tit will also go around the finding a place where a very less or few firms are operating and there is no pressure of pricing to the company. It is used to change the services and goods into simple and affordable for bottom-tier or traditionally unmarketable consumer. It established the new product that issanitizer in vacuum cleaner by creating new market segment and analysis of the demand and need and wants of the consumers and at what price they are capable to buy the product effectively and efficiently(Zhu, Wang and Wang, 2018). This will help in successfully launching its new products in its target audience. Devise a proposal for an innovative product, process or service for a working organisation and produce an implementation plan. As the idea which has been taken into consideration can benefit the company and as well as customers. It is analysed that the innovation idea of introducing the sanitisation in the vacuum cleaners will benefit to the society. This is the innovation idea for the Dyson company in order to bring change within the economy and through technology this can be implemented with the growth of the business enterprise. (Pang, and et.al., , 2022).The sanitisation which will be included in vacuum cleaners I such manner that this can be advantageous for the cytometer uses 3
purpose. This can solve the dual purpose fr the company and the people using it. As after the pandemic the sanitisation is becoming the most important aspect for the heath and safety benefits of the people.As this is the product which is useful for the hospitality industry, healthcare industry where they need to be more careful of the sanitisation and cleanliness of the areas. This is an effective plan for the Dyson in order to increase market share and also innovate them within their product and services. This plan can be implemented with the product development and include the sanitisation process within the machine which is earlier used for the only purpose of cleanliness earlier. This innovation can be implemented by using several steps which are discussed below: the first step is to innovate the idea and identify the use of technology that how the sanitisation process can be included in vacuum cleaners. The shape and the size of the vacuum cleaners need to be decided in order to make them attractive. As earlier the main purpose of the product is to remove dirt but now the liquid can be implemented within the machine. (Xiaoyang, and Sheng, 2021) This can be then tested on the various areas before launching in front of the customers. This will also include whether the sanitisation purpose is been solved within the implementation of the liquid within the vacuum cleaners. This is the idea which is taken into consideration will impact the society and the organisation in a positive manner. This innovative idea will beneficial while keeping in kind the current situation of the world. As the people are more concern of the heath and safety measures in order to be safe from the spread of the virus. This innovation can help the Dyson to bring change in the economy and gain the attention of customers in effective and efficient way. It is very important for the company to bring changes from time to time as this helps the company in bringing the attention of customers in such a way that can be beneficial for the company in increasing sales and bring the brand value in the limelight. This innovation idea can be implemented by the Dyson in order to attract customers and the company can focus ion the use of digital platforms in order to promote the product. The use of social media can be implemented in order t communicate of the products to the customers. (Zhou, and et.al., 2020) CONCLUSION From the above report it has been concluded that innovation is the process of bringing the new ideas in the products or service of the business organisation which benefits the company in 4
increasingprofitsandrevenue.Inthisreporttheinnovationideawhichistakeninto consideration is that the sanitisation can be included in vacuum cleaners in order to attract customers. This product can be innovated which will allow customers for the dual purpose.. the are different theories if innovation which can help the company to implement this idea. It is very important for the Dyson to innovate new ideas with the help of technology and attract customers. 5
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REFERENCES Books and Journals Kuo, T. C. and Smith, S., 2018. A systematic review of technologies involving eco-innovation forenterprisesmovingtowardssustainability.JournalofCleanerProduction,192, pp.207-220. Lecerf,M.andOmrani,N.,2020.SMEinternationalization:Theimpactofinformation technology and innovation.Journal of the Knowledge Economy,11(2). pp.805-824. Li, R., Rao, J. and Wan, L., 2022. The digital economy, enterprise digital transformation, and enterprise innovation.Managerial and Decision Economics. Pang, and et.al., , 2022. High-and new-technology enterprise certification, enterprise innovation ability and export product quality.Technology Analysis & Strategic Management, pp.1- 16. Shao, and et.al.,2020. Environmental regulation and enterprise innovation: a review.Business Strategy and the Environment,29(3), pp.1465-1478. Xiaoyang, J. and Sheng, L., 2021. A factor market distortion research based on enterprise innovationefficiencyofeconomickineticenergyconversion.SustainableEnergy Technologies and Assessments,44, p.101021. Yubo, C., 2021. Innovation of enterprise financial management based on machine learning and artificialintelligencetechnology.JournalofIntelligent&FuzzySystems,40(4), pp.6767-6778. Zhou, and et.al., 2020. IMAF: A visual innovation methodology based on ArchiMate framework. International Journal of Enterprise Information Systems (IJEIS),16(1), pp.31-52. Zhu, J., Wang, Y. and Wang, C., 2018. A comparative study of the effects of different factors on firm technological innovation performance in different high-tech industries.Chinese Management Studies. 6