Role of Innovation in Planning and Process

Added on - 21 Feb 2021

  • 11

    Pages

  • 3105

    Words

  • 11

    Views

  • 0

    Downloads

Trusted by +2 million users,
assist thousands of students everyday
Showing pages 1 to 4 of 11 pages
INNOVATIONREPORT
EXECUTIVE SUMMARYThe project report summarise about the role of innovation in solving the innovationchallenges. Herein, this report a innovation is selected which regarding to an industry challenge.As well as to overcome from this issue an innovative solution is find out which can help to thechose company. Further, the report abstracts about the strategic innovation model that containsthree outline such as innovation action plan, leadership and implementation of plan.
Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................4MAIN BODY...................................................................................................................................41.Innovation challenge...........................................................................................................42. Leading edge strategic solution..........................................................................................63. Strategic innovation model.................................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONThe innovative plays a crucial to bring changes in the planning and process(OwenBessant and Heintz, 2013). Eventually,thisis related to the discovering the new creativesolutions to overcome from any problem. It consists new ideas, creative thoughts and newimaginations to make a strategy to overcome from the issues. Herein, the project report anindustry issue is selected which an industrial challenge and that is being faced by the Vauxhallcompany. The company is involved in the manufacturing of the cars and their headquarter is atLondon, UK. Eventually, the company is facing the industrial challenge of global competitiondue to lack of innovative ideas and creativity. Additionally, in the project report the innovativesolution and its implementation process is discussed as well as role of leadership to apply thesolution effectively.MAIN BODY1.Innovation challenge.The innovation challenges are those challenges which arise due to lack of creativity andnew ideas.Industries face many challenges which impact their performance and profitability(Foray, 2014). Herein, the company is facing the innovation challenges and due to this theirprofitability and performance impacts.The Vauxhall company is being effected due to these challenges as well as because ofthese innovative issues company can not stand in the competition. Eventually, the innovationchallenges are occur in the absence of new and creative ideas.Summary of previous performance of the Vauxhall company- The company is adoptingnew and advanced functions in their process. Due to this their financial and non financialperformance is improving continuously. This is possible due to use innovative ideas and solutionfor different kind of issues.Innovative challenge related to an industry challenge-The company'schallenges areregarding to innovative ideas and creativity. Basically due to innovative challenges they arefacing the main issue of product development and innovation. Their manufactured cares are notso innovative and as per the new techniques. As well as they are facing tough competition in themanufacturing industry.
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document