Innovation and Enterprise Proposal for Health Startup: Application of Theories of Innovation and Idea Generation

Innovation and
Enterprise(Proposal)

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Application of theories of innovation and idea generation through new product development
process that reason explanation of reason for carrying innovation. ...........................................1
Innovation Proposal....................................................................................................................3
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
Innovation is defined to practical implementation of different ideas which results in
introducing different new products as well as services for having improvement in terms of
offering products and services of companies (Nylund, Brem and Agarwal, 2021). As major
motive of carrying out innovation is to grow regularly along with renew an enterprise through
new as well as better products. This report is based on innovation and enterprise of a business
startup health is first which is selling health equipped technological products to customers. This
report consists of innovative idea of company that could benefit them by carrying on innovation
in their business practices. There is application of different theories that could be used as a type
of idea generation with innovation theory with innovation proposal followed by its conclusion.
MAIN BODY
Application of theories of innovation and idea generation through new product
development process that reason explanation of reason for carrying innovation.
According to viewpoint of Julia Kylliainen, 2019, innovation management is a wide
subject that carries different layers as well as dimensions. In order to survive in markets for
longer time it is necessary for companies to use innovation practices on constant intervals of time
so that their survival could be maintained in markets they could be able top generate more
profits. There are generally different types of innovation which could be used in business
practices in order to perform business practices successfully by making profits. As there are
different types of innovation that could be used in businesses. In relation to Health is first in
order to make regular innovation practice disruptive innovation practice could be used in
business that deals in a concept of product which could create a new value network in an existing
markets. With disruptive innovation practice health is first could be able to perform their
innovative practice of designing of their new health related gadget that provide health related
guidance and monitoring of health of customers in a well manner.
As it has been identified that major reason behind carrying of innovation practice in
business is that it could provide help to more customers of youth generation and aged citizens to
analyse as well as keep a constant monitor on their health so that they could take preventive
measures for that. It is necessary for Health is first to carry up innovative practices on constant
intervals of time so that they could be able to survive in markets by making profits on regular
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