Innovation Management Action Plan for Woolworths Limited

Running head: PROJECT MANAGEMENT
Project Management: Woolworths Limited
Name of the student:
Name of the university:

1PROJECT MANAGEMENT
Executive summary
This report reflects the role of innovation in the business organization named as Woolworths
Limited. It has been found that with the successful implementation of the system the company
will be able to deliver a secured and user friendly automated system to the consumers.

2PROJECT MANAGEMENT
Table of Contents
Introduction......................................................................................................................................3
1. Development of an innovation management action plan............................................................3
1.1 Discussion on innovation products or services based on the goals and portfolio
management of the organization..................................................................................................3
1.2 Design thinking about innovation..........................................................................................4
1.3 Involvement of the users........................................................................................................6
1.4 Fast integration of the cost associated to the innovation.......................................................7
1.5 Prototyping and testing capabilities.......................................................................................7
1.6 Cross functional management................................................................................................8
1.7 Discussion on how the innovation will be streamlines with the current capabilities of the
organization.................................................................................................................................8
Conclusion.......................................................................................................................................9
Future innovation that might affect the this innovation...................................................................9
References......................................................................................................................................11
Introduction
This report depicts the role of innovation in the business organization and also the way
how it positively and negatively impacts the competitive market and the commercial revenue

3PROJECT MANAGEMENT
accurately. The company that has been nominated for the implementation of the innovation is
Woolworths Limited. The company delivers their products and services mainly in Australia and
sometimes out of Australia in New Zealand also.
Traditionally, the company has an old manual data management approach where there
was huge chance of error occurrence. In addition to this, the manual data management system
was very much time consuming and slow. In order to mitigate the challenges of traditional data
management system the innovation that the project manager wishes to incorporate in the
installation of the Information System (IS). The action plan for the innovation of the system,
design thinking regarding innovation, involvement of the users, prototyping and testing
capabilities, cross functional management are also elaborated in this report. Besides this, the
positive impacts of innovation in the organization are also illustrated in this report.
1. Development of an innovation management action plan
1.1 Discussion on innovation products or services based on the goals and portfolio
management of the organization
In order to implement the innovative information system in Woolworths Limited it is
necessary for the company to create an accurate action plan. With the help of proper action plan
the company will be able to create a platform for the employees and consumers which are much
easy to operate. It can be said that, with the successful implementation of the Information System
Woolworth limited will be able to increase the overall managerial an operational capabilities of
the company.