Innovation and Enterprise: Applying Theories and Developing Innovative Ideas

Innovation and
Enterprise

Contents
MAIN BODY...................................................................................................................................3
Applying theories of innovation and idea generation of product, process or service to develop
innovative ideas......................................................................................................................3
Task 2...............................................................................................................................................5
b) Illustrate about proposal which is helps to investigate in working within organisation
towards implementation plan.................................................................................................5
CONCLUSION................................................................................................................................1
REFERENCES................................................................................................................................2

INTRODUCTION
The innovation is form off progression and certain application, technologies or software
helps to improve to business for their organisation goal accomplishment. Through innovation it
generates new creative traits of product and services which enhance benchmark to the business.
Technology plays an important role as it improves the flexibility and productivity of business as
well as workforce (Fombang and Adjasi., 2018) . Innovation and Entrepreneurship are two
closely related words used in business world. Entrepreneurship by the contrast where applying
innovation to bring new creative ideas people what they could previously attain.
In this report, Tesla Incorporated is an American electric vehicle and clean energy
company based in Palo, Alto, California. Tesla is current product include electric cars and
batteries energy storage from home towards better grid scale for innovative product and services.
As per the following report, the topics are applying theories and idea generation related with
product and service and develop an ideas. After create an proposal of an innovative product,
process a service of a working organisation and produce an implementing plan.
MAIN BODY
Applying theories of innovation and idea generation of product, process or service to develop
innovative ideas.
Innovation is aspect of practical implementation of ideas that result towards an introduction
about new ideas of product and services offers usually. There are some important innovation
theories which suggest to develop better product and services are as follows:
 Building a culture of innovation: It is one of specific theory or methodology in which
business having impacts to making sure about to corporate culture that actually
encourages towards innovative behaviour (Heaton, Kolluru and Mukhopadhaya., 2020).
The most challenging part of this culture is to very personal thing between companies. In
every case it is benefits for the company perspective as they seek what people are
demanding. This theory can innovate from Tesla at the time of implementing innovative
culture within the rightful manner.
 Disruptive Innovation: It is an part of innovation that helps to creates a new market,
product and new business related network and eventually disrupts within an existing
market to well established market leading firms product and further alliances. Disruptive