Report On Innovation || Samsung

Added on -2020-02-23

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Running Head: InnovationSAMSUNGInnovation and sustainable business development
Innovation 1Table of ContentsIntroduction......................................................................................................................................2The issues solved by Innovation......................................................................................................3Benefits of Innovation.....................................................................................................................4Strategic Response or plan...............................................................................................................5Project Option Analysis...................................................................................................................6Recommendation.............................................................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
Innovation 2IntroductionThis report covers the requirement of the innovation in the business in order to fulfill the consumers' demand as well as to match up with the latest marketing challenges. Samsung Company which is involved in the manufacturing and the distribution of consumer electronic goods i.e. refrigerators, smart phones, air conditioner, etc. and to keep these products up-to-date, numerous techniques are adopted in relevance with the innovation of the products to cope up with the consumers’ requirements as well as to fulfil the organizational goals and objectives. Under this report, innovation in relation to the smartphone will be discussed for the sustainable business development. Frequent amendments have been made till the date in smart phones in order to keep them up-to-date as well as with the motive to ease the work of their users. Finger print sensor for unlocking the phone, double camera feature to improvise the photo shoot experience, etc. Now Samsung has planned to introduce the projector feature in their smart phones in order to facilitate the users to visualize the applications, features in the smart phones on a big screen. This feature will help its users to ease the business presentation process; it will enhance the gaming experience, as well as the people who love to watch movies in theatres, will be able to see movies on a big screen in their homes only.
Innovation 3The issues solved by InnovationThe innovation developed by the Samsung Company in their smart phones will help the unique classes of people (Dentchev, et. al., 2016). Below are some of the examples through which the issues resolved with the introduction of innovation will be discussed:For instance-While conducting the meeting in the office with clients or board of directors, a presentation is very crucial to define the position of the organization. But in the scenario of projector does not get started due to some technical fault. In that situation, the employee presenting the presentation could use this feature to continue the meeting and itwill help the organization to save their reputation in front of their clients (Boons, et. al., 2013).The innovation developed by the Samsung Company will also help the students in order to attend the classes which they have missed due to certain reasons. They just need to take the files from their friends or the teacher itself and can visualize the presentation on the big screen for better understanding (Richter, 2013).This feature could also be used for the entertainment purpose. With the help of these features, videos, movies, and entertainment material could be easily operated on a big screen and it will enhance the level of entertainment (Halme & Korpela, 2014).Along with these examples, there is a numerous number of issues could be resolved in every field with the help of projector feature in the smart phones. To spread the awareness in public, an

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