Innovation in the Global Market

INNOVATION

Executive summary
Innovation is considered one of the pillars of success in any industry and the growth of a
company or any business organization depends on innovation to a great extent. Innovation has
become extremely important in order to survive in an extremely competitive global market. The
retail industry is developing itself with the use of advanced technologies and innovative ideas
and the services is becoming more customer oriented. The use of artificial intelligence and the
use of robots have gained popularity where robots are used for complex tasks and they make the
whole process easy. Political parties often cooperate in developing new projects by providing
financial assistance.
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Table of Contents
Introduction, purpose of the report..................................................................................................4
Brief background of the organization..........................................................................................4
Business size, operations and market base with annual revenue.................................................4
Purpose of the report....................................................................................................................4
The future of the industry 2020 and beyond....................................................................................4
Analysis of the industry in 2020 and beyond with a critical review of the innovative trends that
are prevailing................................................................................................................................4
PESTLE analysis to assess the industry trends............................................................................5
Tesco’s innovation requirements 2020 and beyond........................................................................6
Relationship between value chain and innovation.......................................................................6
The ways in which innovation design and economic realities and organization culture issues
affect the innovative process........................................................................................................6
Factors for success and failure of innovative ideas within Tesco................................................7
Leadership and its role in knowledge development, knowledge transfer and innovative culture
development.................................................................................................................................7
Application of knowledge management matrix and knowledge transfer framework..................8
Building the future innovation capabilities for Tesco...................................................................10
Link between Tesco’s innovative capabilities, innovation strategy, technological orientation
and market orientation...............................................................................................................10
Significance of upstream and downstream supply chain of Tesco............................................10
Traditional supply chain, supply chain risk evaluation, green supply chain and theory of
constraints..................................................................................................................................10
Methods to improve the supply chain agility and sustainability to meet future requirements. .11
Conclusion.....................................................................................................................................12
References......................................................................................................................................13
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Appendices....................................................................................................................................15
Appendix 1.................................................................................................................................15
Appendix 2.................................................................................................................................16
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