Managing & Developing Innovation and Creativity in Primark Inn
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Added on  2023/06/12
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This report discusses the problem faced by Primark Inn in the area of digital technology and provides effective solutions to solve the problem. It also includes a solution plan, innovation audit methodology, and recommendations.
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Managing and developing Innovation and creativity
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Contents INTRODUCTION...........................................................................................................................3 TASK...............................................................................................................................................4 Identify a specific problem that exists within an industry or operational functional areas such as operation, marketing, and HRM..............................................................................................4 Solution........................................................................................................................................4 Solution plan................................................................................................................................5 Innovation audit methodology.....................................................................................................6 Recommendations........................................................................................................................6 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION In an organization with the smooth functioning of the organization, some problems are faced by the organization and are important to resolve them for better management practices. These problems can also affect the whole organization and these challenges can be resolved by effective strategies and solutions. This is the report about Primark Inn which Is known as an international retailer which serves the latest homeware, fashion, and beauty with reasonable pricing this was founded in 1969 and its headquarters is located in the UK. This report is about the problem that this organization is facing and this report also involves the effective solutions whichcanhelpin solvingthatproblem.Thisreportalsoinvolvestheplanofsolution implementation and innovation audit methodology which can be used to identify the problem.
TASK Identify a specific problem that exists within an industry or operational functional areas such as operation, marketing, and HRM. Various organizational problems are faced by the organization and can hugely affect the organization in negative terms as it can affect the in level of profitability and the basic root reasons of rising a problem are poor communication with the employees and customers. Organization or workplace problems are also caused by ineffective teams and a lack of awareness towards the organizational goal. These are the internal issues of the workplace the external issues of the workplace are on the functional area that is in marketing and operational issue(Song, and Yu, 2018). The issue Primark Inn is facing is in the area of digital technology as Primark Inn is not selling their products online as they do not have any website because of the cost related to manning and operation and it also processes high return volume and because of this they are unable to offer lower pricing. As this company is on the lower margins and switchingorintroducingthewebsiteonlineincreasestheoverallstructurecostofthe organization. As there is one more reason for not selling it online as the company warned the closure in lockdown, which has resulted in a huge loss to the organization(Castillo-Vergara, Alvarez-Marin, and Placencio-Hidalgo, 2018). As if introducing the website online will cost huge as because of Brexit as the website will open in two different distribution stores in the UK and Ireland which will generate a cost of additional paperwork and then it will result of increasing of the transaction cost. As the cost will be increased due to import and export tax regulations in different countries. As the products of Primark Inn are, at a lower cost and customers will also have to pay a huge amount of shipping which does not make any sense of selling It at a lower price no profit will be attained by the organization. As these are the possible cost-saving reasons, therefore, Primark Inn has no online website, and they do not sell online to save the profit cost and to remain sustainable in the market. Solution Various solutions can solve the problem of high cost by introducing the website online that are described below.
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ď‚·As an organization can use various methods for saving their cost by increasing their pricing of a specific product so that the cost of the organization can be saved and paid by the end consumer. ď‚·This problem can also be solved by using a phone app so that customers can do shopping from online stores. ď‚·Company can also invest the investment in the electric vans which can help in deliver and can reduce its cost and company can also use free advertising all over the world. ď‚·Company can use shipping policy method which is firstly offering free delivery and then increasing its standard delivery(Yang, Nguyen, and Le, 2018). ď‚·Company can also use the solution as in the return policy the returned item can be delivered by the customer itself in the store of Primark Inn and for free this can also increase the sales of the organization. Solution plan There are various ways by which a plan can be implemented in a systematic process as the plan for implementing the solution of saving the cost of Primark Inn is described below. There is a tool of the creative problem-solving process that can evaluate the problems and challenges faced by the organization. Clarify This is the first and critical step in which the company recognizes the gap between desired and the current state of the organization. This step can also build awareness to fill the gap between customer requirements and the actual circumstances of the organization. As Primark Inn has the main problem to secure the cost of the organization which will increase by switching it to online and this can be solved by filling the gap and saving the cost of organization and this can be clarified by maintaining the light to the problem(Mahmood, Uddin, and Fan, 2019). Ideate This is the next step in which a creative solving process is resolved by generating new and detailed ideas so the problem can be caused as soon as possible. In this large ideas are evaluated and the solution is made accordingly as for the problem of shifting the business of Primark Inn online the ideas are generated are firstly proving the material on free shipping which will attract
the customers and after that company can charge extra to save and balance there cost of the organization. Develop This is a step in which these ideas are tested for better feasibility so that in the idea no obstacle can be faced at the time of implementation. As this solution can be tested to form it cost- effectively and feasibly so that this solution can turn helpful and can help in increasing the level of profitability in the organization(Ferreira, Coelho, and Moutinho, 2020). Implement Thesolutionideawhichisevaluatedandtestedinthepreviousstepwillplaninto implementation as Primark Inn is implementing this solution after various tests and so that this can not be turned as a failure as this outlet has decided to first free the shipping charges and then increase the standard shipping for maintaining the cost of the organization(Thrassou, Vrontis, and Bresciani, 2018). Evaluate This is the final step in which the solution is being assessed and introduced to the industry and evaluates whether the solution made by the organization is effective or not and this solution work on a long-term basis or not. This is the evaluation stage that can be turned useful and this can ensure the effective solution of the problem(Zuraik, and Kelly, 2018). Innovation audit methodology This is known as the innovative way by which an organization can understand and manage the innovation effectively and, in this employees, share their opinions and views and their names are anonyms and in this ways, various problems are evaluated effectively and this is also done in a form and used by Primark Inn in which the first step is idea generation then the ideas are prioritization of the ideas has been done than it is implemented in the organization(Treffinger, Schoonover, and Selby, 2021). Recommendations ď‚·As company image is improved by starting a business in online therefore by shipping methods this company should switch the business online(Han, and Hawken, 2018).
ď‚·Thiscompanycanalsoreduceemployeeturnoverratebyhiringskilledand knowledgeable employees which will also help in reducing the cost of the business(Liu, and Atuahene-Gima, 2018). ď‚·It is also recommended to the organization that before introducing they can increase slightly the pricing of the products which can help in managing the cost while shifting it to online.
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CONCLUSION This report concludes that introducing the business online increases the customer base of the organization and reduces the efforts of the customer’s band can be assessable from anywhere in the world. This report has also concluded that it is important to look after the problems of the organization and make an effective solution so that company can run smoothly and in an effective way.
REFERENCES Books and Journals Song, W. and Yu, H., 2018. Green innovation strategy and green innovation: The roles of green creativity and green organizational identity.Corporate Social Responsibility and Environmental Management,25(2), pp.135-150. Castillo-Vergara,M.,Alvarez-Marin,A.andPlacencio-Hidalgo,D.,2018.A bibliometric analysisof creativity in the field of business economics.Journal of Business Research,85, pp.1-9. Yang,Z.,Nguyen,V.T.andLe,P.B.,2018.Knowledgesharingservesasamediatorbetween collaborative culture and innovation capability: an empirical research.Journal of Business & Industrial Marketing. Mahmood, M., Uddin, M.A. and Fan, L., 2019. The influence of transformational leadership on employees’ creative process engagement: A multi-level analysis.Management Decision. Ferreira, J., Coelho, A. and Moutinho, L., 2020. Dynamic capabilities, creativity and innovation capability and their impact on competitive advantage and firm performance: The moderating role of entrepreneurial orientation.Technovation,92, p.102061. Zuraik, A. and Kelly, L., 2018. The role of CEO transformational leadership and innovation climate in exploration and exploitation.European Journal of Innovation Management. Treffinger,D.J.,Schoonover,P.F.andSelby,E.C.,2021.EducatingforCreativity&Innovation:A Comprehensive Guide for Research-Based Practice. Routledge. Liu, W. and Atuahene-Gima, K., 2018. Enhancing product innovation performance in a dysfunctional competitiveenvironment:Therolesofcompetitivestrategiesandmarket-basedassets.Industrial Marketing Management,73, pp.7-20. Han, H. and Hawken, S., 2018. Introduction: Innovation and identity in next-generation smart cities.City, culture and society,12, pp.1-4. Thrassou, A., Vrontis, D. and Bresciani, S., 2018. The agile innovation pendulum: A strategic marketing multicultural model for family businesses.International Studies of Management & Organization,48(1), pp.105-120.