Innovative Business Ideas and Project Management for Tree Natural Company
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Tree Natural Company focuses on developing natural and organic products for skin care. They use natural ingredients and focus on customer satisfaction. This study explores their innovative business ideas and project management strategies.
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EXECUTIVE SUMMERY Study of overall business innovation plans and project it has been very clear that individual company when develop innovative product and launch new things in market they focusonmultipleaspectandimplementprojectmanagementaswell.Applicationand completion of this study company effective raise their business program because they mainly consider and develop natural ingredients. On the basis of survey they analyse that so many people want organic and natural product for their daily routine as well as solution of any skin issue. Company consider and develop technological advancement, but they also mainly consider that environment not face any issue when they producer product. So they produce plants, trees on their each product selling this concept is beneficial for improvement in people attraction towards with the product. It has been very clear that tree natural company build their efficiency with analysis of external forces because this aspect will definably influence new product launch in market. Also, analysis of various approaches it has been identified that innovation can boost the company sales and new company when hey launch any product in market the have to focuses on customer persona and consumer relationship because this aspect is the only option for raise market demand. New idea generation can be highly influenced product market demand.
TABLE OF CONTENTS EXECUTIVE SUMMERY..........................................................................................................2 INTRODUCTION...........................................................................................................................4 MAIN BODY...................................................................................................................................4 Innovative business idea and their potential value for organization............................................4 Process of idea development for expansion of new idea.............................................................6 Business Model Canvas...............................................................................................................7 Application of Jobs-to-be-done theory for business innovation..................................................9 An Explanation of why you selected the idea that is presented.................................................10 Customer persona and customer journey mapping process.......................................................11 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................14
INTRODUCTION Innovation is all about new idea, new method, new product services launch in market. Development of innovative idea is essential aspect because it improves country's growth and it develops people attraction towards with new product and services. Also, individual wants some innovative things for buying. Innovation is not an easier process it requires knowledge of multiple aspects like market demand, consumer behaviour, analysis of available resources andmanymoreBrendzel-Skowera,(2021).Entrepreneurwantstodevelopinnovative business project. They develop name of their company is Tree natural company, and they analyse that people more attract towards with natural beauty product, so analysis of this process and activity decide that they mainly provide services in market with selling of natural products. Company owner decide that they develop non-profit business like they mainly sale their services who have skin issues, so they develop natural and organic product. So this study will provide information that how company can develop innovative product with analyses of market analysis, customer demand, fund development and how they develop their business project for effective result. Also, it will give idea about how other business can raise their business activity with expansion of new idea. MAIN BODY Innovative business idea and their potential value for organization Innovative business idea is beneficial and useful aspect for organization because it develops new things in market. Almost every entrepreneur develop new business activity on the basis of analysis of market demand. Analysis of this aspect every business developer can effectively generate new things in marketplace (Schoormann, Stadtländer & Knackstedt, (2021). Treenaturalcompanyowneranalysemultiplefactorwhichinfluencethenewbusiness performance. Project selection:- One of the major and essential aspect when individual wants to develop new business activities in market and or their profit. They have to focuses on market research firstly because its only option which generate idea for new product. So tree company owner select that they develop their overall business plan with the application of natural resource, and they highly consider in their project that they not provide harm to natural resources. So the company choose that they develop plant, trees in large amount.
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Innovative company name for develop people attraction:- Firstly its essential when company decide their product that they provide services in this field, so its important that company creates name on the basis of their goods and service. So it improves audience attraction. Analysis of this process they consider that they develop business brand name is tree natural so people can easily understand about their services. Innovative product development:- Company owner develop that they mainly provide services in market like natural and organic product. On the basis of research they analyse that people more connect with natural and organic product brands. Its important when individual develop business they consider and implement innovative things in their business because it is the only option for reach effective customer attraction. So Tree company owner decide that they develop plan application of natural resources. And they mainly sale natural and organic product. Its very important that company always consider expansion of innovative product with without harm place environment is also essential aspect. Development of technology tools:- Application of innovative product is good idea abut it is also important that when business owner generate new product they consider technology advancement in their business process. Because on the basis of recent market trend it's also essential that company develop new machines for product protection and expansion of powerful goods marketing and sales as well. So they all are essential aspects for innovation development in market. Application of this business idea can highly improve quality of work and it generates effectiveness in their business process. Also, the organization owner develop this plan for non-profit because they mainly consider and launch product for skin issues solution in market. Expansion of technology in produces services can highly boost the sales ad when company launch new product in market its is one of the major important aspect that company generate unique advertising strategy for their product selling process. Tree company effectively consider and develop plan that they mainly provide services with the help of social media application, and they also perfectly generate and build customer relationship as well throughout the application of software development. And their major activity that when their any product sale they develop one plant on each selling.
Process of idea development for expansion of new idea Idea development process require knowledge of multiple aspects and company owner has to consider on market research and customer demand because they are key of overall innovative business project. ď‚·Research and survey: Research is one of the most essential aspect for new product launch and for generates effectiveness in existing product. Company has to focuses on servery and research because it provides idea that which type of services highly requires in market (Fachrudin, and et.al., (2021). Tree natural company owner develop survey from people who effect from skin issues, and they collect data that throughoutother company brands who also provide services for skin issues. Analysis of this activity they decide that people more attract with the natural and organic product. ď‚·Fulfil customer demand: Completion of research and survey company can easily identify that how their fulfil customer demand. So analysis of this process they consider that people attract with the natural resource have to launch effective product which really solve people skin issues. If company wants to solve skin issue they have to take idea from doctors, scientist who has great knowledge about natural resources for skin how product develop effectively without chemical. Because customer demand fulfilment is major aspect for any business. ď‚·Customer complain records Company launch product in market then they prepare customer satisfaction analysis because it develops knowledge that product generates solutions of not. They have to focuses on that audience behaviour towards with new product. This process should analyse with the completion of product use time. ď‚·Research and understand competition: Research and understanding about competition is essential because it highly influences the overall business activity. Survives in the competitive market its very essential that company analyse which brand or product impacts their product. Tree natural company highly influence by the other skin care beauty brands. But they analyse that other companies not develop their product with the help of pure organic goods.
Business Model Canvas Business model canvas is effective tools and technique to identify the business model very proper manner, almost every company develop this business plan for knowledge of their growth, and they survive in the market of not. And it mainly shows their competitors analysis that why their product influence their product and services. Also, this model is strategic, summarizing and assessing that which changes require in business project as well. Application of business model canvas in Tree natural company are as follows, Business-model-canvas
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ď‚·Customer segmentation Peoplewhofaceskin related issues. Quality and quantity of product. On the basis of recent trendaudiencemore attractwithnatural product like face wash, soap, creams tonner and many more. ď‚·Key activities Theyprovideserviceswho require skin solutions. Mainly consider solving people problemswithutilizationof natural resources. Manage their activities that their product production services not influences environment because, whentheysaleproductthey consider that every sales equal to develop one plant. ď‚·Value propositions Natural, herbal, organic skin care beauty products. They provide their services with the knowledgeandapplicationof doctors,theyrecommandto customerthatthisproductis beneficial for skin or not. Also,theyprovideservices throughout the application of online anddigitalizationusesaswell. Accordingtorecenttrendsthey develop this strategy. ď‚·Cost structure Theydeveloptheir pricingstrategyof product is very effective mannerlikethey prepareproductin different sizes which is greatconceptbecause everyindividualhas differentpurchasing power and if they want tobuytheycanbuy small package product. ď‚·Key resources Companykeyresourcesare Aloe Vera plant, organic fruits plants and trees. Neem is major essentialresourcefortheir herbalorganicproduct development,onthebasisof researchpeoplemoreattract with this ingredient. ď‚·Customer relationships Theymainlyconsidercustomer choiceandpreferences,andthey develop survey as well. Application of survey they decide that they have tofocusesontheirproduct developmentwiththehelpof scientistaddoctorswhoprovide ideaaboutwhichingredients beneficial for skin. Onlineservices,videocall conversationwithmedical departmenttheypeoplecan perfectlyfineproduct,andthey prepare record after one month that product will provide benefits or not. ď‚·Revenueď‚·Channelsď‚·Key partners
streams Buildcustomer attraction towards with the product. Naturalresources promoteproduct effectively. Applicationof technologytoolssoit generateseffective product marketing. Throughput the development of technologicaltoolsforpeople engagementandawareness develop about their product and services. Theyconsidersocialmedia applicationforgoodsand services. Website application is the best technique. Natural resources supplies. Skin care specialists. Plants, trees production. Application of Jobs-to-be-done theory for business innovation This theory is clearly defines that how company can effectively done their marketing services fir effective product launching and highly focuses on client who develop their interest in productWit, Dresler & Surma-Syta, (2021). And this theory is provides information that company can reach customer throughout the application of this theory, Tree natural company apply this strategy for their innovative product expansion in market. ď‚·First one is framework for product development like which innovative things is beneficial for the organization. After analysis and survey process tree natural company decide that they provide organic and herbal products for skin care as well as they decide that they provide services on the basis of doctor perception. ď‚·Identification customer requirement that they timely takes product or not, and they satisfy wit the product or not, completion of this process is innovative product face any challenges identify the solution for problem as well. ď‚·Competitors who influence the new product, it highly influences the product development as well as impact on overall business productivity. Tree natural company not highly influence by the other company because of their unique and different idea that they produce and launch product with pure organic product. ď‚·Job statement is customer satisfaction provide them equal and fair prices of product and prepare customer demand fulfilment or if they face any product from product they decide.
ď‚·Prioritize that customer strongly disagree, disagree. Undecided, agree and strongly agree analysis of this process business owner and their staff member analyse their customer satisfaction. ď‚·Outcomes from jobs-to-be-done that cost, product quality, availability of product and major is customer satisfaction and dissatisfaction identify. Analysis of this outcome its easier to know that product should effectively survive in the market of not. Application o this process company understand that their natural products for skin survives in the market, and they provide satisfaction to their customer or not. So its essential that new business project develop applies this model. ď‚·Next one is to develop improvement in product issues and measurement the outcome and then develop plan for customer desire completion. ď‚·Last one is to satisfy each and every aspect of customer needs that individual can easily buy their services its essential when company produce product they consider that individual buying capacity and analyse country economy condition. An Explanation of why you selected the idea that is presented. A tree natural company which deals in skin care and beauty related products. The speciality about the company is, it sells the organic products which are made up of natural substances rather than use of chemicals, fertilizers and pesticides. In today's changing world, people are more concern about their skin and health related issues. The increased popularity of the organic trend is a direct consequence of the rising global awareness of the negative health and environmental impacts. Natural beauty products are becoming more popular option for upcoming generation. As organic products are made with natural ingredients which have been grown in organic farms and does not contain any harmful chemicals, artificial colours, or other by- products which are likely to cause any skin irritation or side effect. Some ingredients used in the organic products are Scottish oats, goat milk, honey, maple syrup, coffee ,fruit juices and many more. From recent studies it has identified that people who are using organic products details positive feedback in following ways, t ď‚·Organic skincare products are made of natural ingredients- The products of organic skincareareeco-friendlyproductwhichdoesnotharmtheenvironment.Asthe ingredients are grown without the use of pesticides, herbicides, synthetic fertilizers and other additives or chemicals.
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Going organic is better for your skin – The organic products prevents the skin from wrinkles and early ageing signs, removes sunspots and it diminishes the ageing signs. As these products do not contain any artificial fragrance rather the products itself contain natural, pleasant smell and are scented with oils, by adoption of these products prevent the premature ageing of the people, Organic products are non-allergic - As compared to synthetic skincare products, natural skincare products are much safer because the ingredients contained within natural products, it results in feeling better and looking attractive. The manufacture doesn't harm animals- Natural skincare product manufactures go for animal testing, in-fact doesn't harm any animals. Whereas other synthetic products are undergone with these practices hence, it prevents from contributing to harmful and illegal practices. Organic skincare products work better – As the plants are considered as natural resources which originally are found to contain higher level of minerals, vitamins and antioxidants. Certified organic skincare products cleanse, tones and moisturise the skin. So overall business ingredients of natural product is beneficial for the expansion of innovation, innovation is to only aspect which generates quality of company in competitive market. Also, when company develop natural resources products it will raise the productivity and it influences the customer relation and when company prepares and develop this type of product customer attraction naturally increases. Understanding of customer choice and preference is one of the great option. Its very great things that company develop plants, and trees as well for effective environment, and they develop plan on their each selling. Idea generation concept increase. Customer persona and customer journey mapping process Customer persona is the process to identify the customer needs preferences and it develops information about generate people motivation for their product and services. Basically every company owner and their staff member wants to improve their business activity, so they develop plans for change people mindset about their product and services. Customer journey mapping process is also essential aspect for organization when they launch and produce no product in market. Application of this technique company generates customer attraction with the new product or brand. It helps to raise business performance and changes customer perspective about the productNeto, and et.al., (2021).
Tree natural company has to follow and gain knowledge about which things influence their existing customer behaviour and how they develop attraction with expansion of new thing development in organization productivity. In any situation if customer not satisfy with their product they have to consider and apply some innovation in their product so it will raise audience attraction towards with the product and services. This mapping process include seven step process are as follows, Identification of the consumer wants company can easily identify a set their new target. Innovation is essential for organization because it raises business productivity and generate customer target that they like the product or not. Changes in customer persona which means its essential that company develop product and develop innovative things and ingredient in product so it changes their perception about product, and their attraction will increase with the application of innovative things. Identify motivations and pain points: Set plan that which aspect influences the product sales and why buyer interest is reduces So its major essential aspect that company owner has to focuses on map out which means perfect analysis that why buyer not develop their interest and why they not satisfy with the product. Applies new thing and then analyse which innovative things can build and raise people attraction. Also, when company owner and members analyse that natural product is beneficial but it not works effectively then they have to develop some new and creative things to generate and raise business performanceBurggräf, Wagner, Heinbach, & Wigger (2021). So overall business activities influence the customer attraction towards with the product and its very important that company owner develop survey, develop engagement of customer, develop unique and innovative marketing practices and improves quality of performance towards with business. Also, innovation is essential for develop effective market of country because it increase people interest and changes audience buying behaviour as well. Its important that existing organization also develop innovation in their product and services for generate effective people attraction and for new opportunity expansion for business. CONCLUSION It has been summarized for the above reflective study that innovation development in business process very critical approach because it increases many responsibilities, and they
focused on multiple approach which required for new idea generation. This study has been give clarification that idea generation and application of innovative concept with natural organic and herbal product is effective concept because on the basis of recent market trend people more attract with this type of product. Tree natural company generate quality of performance and this report shown that how company effectively perform in market ad develop attraction of audience or customer and this business owner take survey when they develop new business is more effective technique for their business growth and expansion of new opportunity. Application of business-model-canvas provided idea about each and every business aspect. And this plan develops effective idea that how company applied models and theories for expansion of people attraction with the new product.
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REFERENCES Books and Journals Burggräf, P., Wagner, J., Heinbach, B., & Wigger, M. (2021). Design of a Methodological Framework for Adaptive Remanufacturing-based Business Models.Procedia CIRP.98. 547-552. Brendzel-Skowera,K.(2021).CircularEconomyBusinessModelsintheSME Sector.Sustainability.13(13). 7059. Schoormann,T.,Stadtländer,M.,&Knackstedt,R.(2021).Designingbusinessmodel development tools for sustainability—a design science study.Electronic Markets. 1-23. Fachrudin, D. H., and et.al., (2021). Exploring the Effect between Environmental Turbulence and Firm Performance on the Geographic Searching Of Business Model Innovation and DynamicCapabilities:ALiteratureReview.ReviewofInternationalGeographical Education Online.11(1). 651-660. Neto, A. S., and et.al., (2021). Innovative Business Model: The Production of Tamarind Jam withPepperintheNortheasternSemiarid.InternationalJournalofAdvanced Engineering Research and Science.8. 1. Wit, B., Dresler, P., & Surma-Syta, A. (2021). Innovation in Start-Up Business Model in Energy-Saving Solutions for Sustainable Development.Energies.14(12). 3583.