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Innovation and Business Development (doc)

   

Added on  2021-06-17

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INNOVATION AND BUSINESS DEVELOPMENTName of the Student:Name of the University:
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INTRODUCTIONInnovation and business development can be referred to as an immensely important aspect.Companies are required to mitigate the major issues in the businesses by taking the innovative approaches into consideration. These innovative approaches are highly important for the overall development of the business in the markets.Innovation assists in developing the entire market.This provides competitive advantages to the business as well.
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IDENTIFICATION OF INNOVATIONIt is immensely crucial for each organization to maintain the sustainability of the business.If a business is not sustainable, it will not be able to gain credibility or trust within their community. The innovation should be made by keeping into account the sustainability of the business. The idea that is generated by Domino’s Pizza Company will surely enable the business to maintain its sustainability.
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IDENTIFICATION OF INNOVATION (CONTD.)The new idea generated by the Domino’s Pizza Company can assist in their continuous development. The basis of innovative strategy is the customers’ needs and in a manner in which these constraints can get solved. One of the major constraints is that the mobile applications can only be downloaded in smartphones.
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