Implementation of Radical Innovation Strategy

The assignment explores the adoption of a radical innovative technique by Watson Engineering Tooling Enterprise to ensure long-term growth in the market. It emphasizes the importance of continuous improvement and adopting a suitable strategy for overall development, including quality model activities such as plan-do-check-act. The enterprise should adopt radical strategies to bring modern technical innovation and compete with rivalries in the market.

INTRODUCTION TO
OPERATIONS AND
SERVICES

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Explanation on operations improvement strategy in the Watson engineering tooling
company......................................................................................................................................3
CONCLUSION ...............................................................................................................................8
RECOMMENDATION...................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Operation management is considered as that area of management which is mainly
concerned with designing and controlling the process of production. It is high organized
activities which involves many people and define systematic ways to do each thing effectively.
Thus, conversion of material into good and services will work as to maximize the profitability .
The operational management is one of essential part which works as to focussing over high
quality of products and services with help of an effective operational function the firm hasable
to bring continuous improvement in overall strategy so that desired objectives can be achieved
( Lema, Rabellotti and Sampath, 2018).
The present report is based on business activities of Watson engineering tooling
enterprise. It is manufacturing industry and it focus over creating innovatiev products from raw
materials and take initiatives to delivers high quality materials so that customer can be satisfied.
The one of the major advantage about this is that work force is loyal and they are taking
initiatives to provide effective services to customers. This production plant has been equipped
with strong financial base. Due to this, entity is able to take the innovative steps so that each
things can be carried out effectively.
In addition to this, report will focus over the operational improvement strategy with
effective solution so that firm can improvise its activities. In addition to this, report will
implement radical strategy so that innovative steps can be taken. Thus, enterprise is taking
number of initiatives to supply quality and cost effective services to customers. This report will
cover the implementation of company wide operation improvement strategy with tool and
techniques so that overall operational activities can be Improvised.
MAIN BODY
1. Explanation on operations improvement strategy in the Watson engineering tooling company.
This enterprise is focussing over providing high quality materials so that company can
take the initiatives in better manner. Thus, entity need to adopt one suitable strategy which can
plan overall thing effectively. This strategy can be undertaken as radical plan of action and it is
helpful to plan out overall things systematically. The greater advantage of this is that it is well
equipped and strong financial performance In this, innovation can be processed easily and it will
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become the major factor in terms to determining the growth to an enterprise. It is process with
the help of which longevity and success to the enterprise can be defined and overall profitable
result can be achieved ( ONOMURA and et.al., 2018). The company is looking forward to adopt
one suitable strategy so that innovation can be processed, In this, firm can plan the activities as
per the modern scenario. The main aim of the firm is to provide high quality services with
greater innovation so that result can be improvised. In this way, it can be said that operation
management is one of the administration which works as to create the highest level of efficiency
in the enterprise, so that all activities can be carried out effectively. In addition to this, it can be
said that operational improvement is one of fundamental requirement and continuous efforts
which is required to be undertaken by the enterprise so that firm can able to undertake its
operational activities effectively.
Furthermore, it can be said that design, execution and control over the operation helps to
converts the business into desired goods and services. In this way, it is essential to implement the
one suitable strategy so that overall activities can be carried out effectively. It is need to be
adopted as it is encompassing the planning, implementing and supervising the overall production
of goods and services. With help of it day to day operation of the firm can be handled effectively.
Under this, operation manager is responsible for creating goods and services and function
of manager is to take effective steps to manage resources such as are materials, Machines,
technology so that services can be handled in better manner. Moreover, operation management
should focus on forecasting, planning and adjust each activities which can help to optimize the
overall things so desired result can be achieved., In order to maintain profitability the firm need
to implement radical strategy so that better results can be achieved.
In this, it can be said that radical or disruptive innovation is the one which has significant
impact on the market and economic activity of an enterprise. Under this, nature of innovation
and technological changes are need to be considered so that overall result can be achieved
(Kwak, Seo and Mason, 2018)To make profitable growth the innovation is need to be broke
down into two dimension these are technology and market. In order to make the desire changes
the firm need to look over the following innovative strategies and it will be discussed in
following manner
Incremental innovation- It is the most common form of the innovation and it works as to
utilizing techniques and increase value to the customers. Under this, manager of Watson
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engineering tooling enterprise need to keep their focus on bringing improvement in exiting
product, increasing efficiency, productivity and competitive differentiation. There are number
of enterprises which uses the incremental innovation in terms to maintain or to improve product
market position. In addition to this, it can be said that incremental innovation will be one of
common tactic so that there can be changes in the personal devises and features in product and
services. This is one of the effective innovative procedure which works as to bring long term
productivity and profitability to the enterprise.
Radical innovation- This is the innovative strategy and it will work as to takes the number of
initiatives to have development in regards to product, services, process and strategy so that
overall growth can be improvised. I It is one of the most considering innovative approach and it
process its activities as to bring revolutionary changes in the enterprise (Kumar, 2018). This is
the innovative strategy which requires significant time and resources. On the other hand, it can
be said that it is the activity which helps to bring revolutionary changes so that overall planned
goals can be achieved.
Disruptive innovation- It is one of innovative procedure which works as to applying the
innovative technical advancement which helps to process the operational activities effectively. It
is one of technical advancement whose application significantly have impact on the function of
an enterprise so that growth of an enterprise can be enhanced. In this, Watson need to bring the
innovative strategies and it can impact the working of the enterprise and with help of it
operational functions of the entity can be improvised ( Karlsson, Larsson and Öhrwall Rönnbäck,
2018). With help of introducing products and services the firm can able to undertake the
operational function effectively. With help of it, larger business enterprise need to put its major
consideration over bringing improvement in the products and services. It is one of effective
method for the newly start up enterprise. In other words, it can be said that disruptive innovation
can be termed out to be as disruptive technology and it is helpful in order to bring overall
development in the business activities.
Architectural innovation- It is innovative procedure and it will be inclusive of focussing over
lessons, skills and overall technology so that effective growth can be achieved. In this way, it can
be said that innovation is one of the effective method in terms to having increment in the size of
the customers so that enterprise can able to bring development in the operational
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activities(anssen and Castaldi, 2018). It can be noticed that technical advancement is one of the
core aspect in order to bring the overall development. It is one of physical distinct portion of the
good and services and it is also perform its activities in manner to embodies the core design
concept and perform business function in defined manner.
In order to cope up with the increased competition due to globalisation, Watson
engineering realised that product range will put its major impact on both customer and
competitor. In order to maintain overall thing in the better manner \ workforces of the Watson
engineering tooling enterprise focussing over adopting the radical strategy method. This strategy
requires high level of investment but this entity is having the strong financial data base and put
its major impact the overall growth of an enterprise. Under this, it can be stated that the main aim
of the enterprise is to bring changes in the goods and services and to provide high quality
materials to customer so that long term sustainability of the enterprise can be maintained (Inoue,
2017).
In this, radical or disruptive innovation is the kind of innovation which has significant
impact on the market and economic activity of an enterprise. It mainly focuses on innovation so
that firm can able to provide high quality material to the consumers. Thus, this strategy working
as to commitment to set of coherent, mutually reinforcing policies and behaviours which aims at
specific competitive goal to an enterprise. Without implementation of strategy the overall efforts
of an enterprise can be impacted in high manner. It can be said that radical innovation is
concerned with the exploration of new technology so that entity can have creative solution to the
challenging problem.
It is helpful for the enterprise to stand out from the competition and it also works as to
enables rapid growth and provide assistance to an enterprise in term to create high return on the
investment (Boucher, 2017). This is one of the effective strategy which is helpful in terms of
bringing the dramatic changes in the process, products and the services so that workforce of
Watson engineering tooling enterprise can able to achieve the desire objectives. In this, it can be
said that process innovation is the implementation of new and production activities so that there
can have significant changes in the techniques, software and equipment.
Under this, radical innovation is the terms which works as to bring long term success in
an enterprise. It is essential to implement the effective operation strategy as radical innovation so
that economic growth of enterprise can be enhanced. It is one of the effective strategy which
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helps to develop and transforms the relationship between customers, suppliers, restructures and
marketplace economies which can takes the number of initiatives so that desired growth can be
achieved (Archer and et.al., 2017). It will be implemented in order to have profitable growth and
it focuses on mainly two things these are technology and market. In this way, it can be said that
firm need to bring technological improvement so that overall business activities can be
improvised. In order to maintain inventory results, the firm should have the use of smart
inventory controlling system so it will be helpful in order to improvise profitability and speed up
customer response so it will be helpful to keep up the technological developments and it also
works as to bring latest innovation to improvised the productivity to the enterprise.
The workforce of the Watson engineering tooling enterprise need to focussing over
activity with help of which there can be improvement in overall productive growth to an
enterprise. With help of it there can be development in the operation activities of the endeavour
so that organization can able to improvise its products and services. It is one of effective method
to measure the results.
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CONCLUSION
From this study it has been concluded that operation management is that part of
organisation which is concerned with designing and controlling function of production.
Therefore, this is one of essential part which work as to focussing over high quality of product
and services. This report is based on Watson engineering tooling enterprise. It is manufacturing
industry and mainly focuses on manufacturing high quality so that they can satisfied their
customers. Also, the study shows that employee of this organisation are loyal to company and
take initiatives to provide effective services to their customers. In addition to this, report they
focus over the operational improvement strategy with effective solution so that firm can
improvise its activities. This enterprise has taking number of initiatives to supply quality and cost
effective delivery to customers. This report has also covered the implementation of company
wide operation improvement strategy with tool and techniques so that overall operational
activities can be Improvised.
This report shows that enterprise has focus on providing high quality materials so that
company can take the initiatives in better manner. The company is looking forward for adopting
one of the suitable strategy and make the innovation so that firm can plan the activities as per the
modern scenario. In this, it can be said that radical or disruptive innovation is the one which has
significant impact on the market and economic activity of an enterprise. This report has also
discussed about radical innovation strategy. This mainly focuses over the innovation so that firm
is able to produce high quality material for their customers.
Therefore, this strategy working for the commitment to set of coherent, mutually
reinforcing policies and behaviours which aims at specific competitive goal to other enterprises.
It has been study that this is helpful for an enterprise to stand out from the competition and it also
works as to enables rapid growth and provide assistance to an enterprise in term to gain high
return on the investment. From this report it has been concluded that innovation can be
implemented in production activities so that they can work on significant changes in techniques,
improve quality on goods, software and equipment. This strategy has worked well for the
organisation has created long term success in the business. This report say that It is one of the
effective strategy which helps to create and transforms the relationship between consumers,
suppliers, restructures and marketplace economies which can takes the number of initiatives so
that the company can achieve the goals and objectives which they have set. This strategy has
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been implemented in order to have profitable growth and it mainly focuses on two things these
are technology and market. This report shows that organisation has worked hard to improve their
quality of goods and services so that consumers can be satisfied with their product. Also, this has
helped company to grow faster and produce better quality of commodities. It is essential for the
organisation to implement an effective operational strategy as radical innovation so that economy
of their country can grow faster.
RECOMMENDATION
1. In this, it can be said that the firm should adopt the outsourcing method because it one of
the cost effective way and it helps to develop the operational efficiency with help of this
the firm can have better results in productivity.
2. In this, the one of the main goals of the enterprise is to analyse and the find the ways with
help of which there can be effective determination with help of whichsteps will be taken
to make the better evaluation in the ideas and one better solution is need to be given so
that overall things can be improvised.
3. If there are one or more lacking areas than improvement measures is needed to be taken
and it is effective method in need to determine that what strategy should be adopted first.
It is one of the common and effective method as it is helpful in determine the overall
growth of an enterprise.
4. In this, it can be said that the Watson engineering tooling enterprise is taking number of
initiatives to adopt the one suitable strategy as Radical innovative technique so that long
term growth in market can be maintained.
5. With the help of adopting the continuous improvement approach the overall activities of
the enterprise can be check and firm is able to deliver the better result and it also works as
to maximise the profitability and productivity to the enterprise. To have the continues
improvement the firm can look over the quality model as plan do check act various
activities which is help in term to bring development so that one better output can be
achieved.
6. In this, Watson engineering tooling enterprise should adopt radical strategy as it is helpful
to bring Morden technical innovation so that firm can able to compete with its rivalries in
the market.
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REFERENCES
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Archer, C.J and et.al., 2017. Collective operation management in a parallel computer. U.S.
Patent 9,571,329.
Boucher, G., 2017. The Long Shadow of Leninist Politics: Radical Strategy and Revolutionary
Warfare After a Century. In 100 years of European Philosophy Since the Great War 141-.
Springer, Cham.
Inoue, M., 2017. Evolution of radical-based convergent strategies for total syntheses of densely
oxygenated natural products. Accounts of chemical research. 50(3). pp.460-464.
Janssen, M.J. and Castaldi, C., 2018. Services, innovation, capabilities, and policy: Toward a
synthesis and beyond.Science and Public Policy.
Karlsson, A., Larsson, L. and Öhrwall Rönnbäck, A., 2018. Product-service system innovation
capabilities: linkages between the fuzzy front end and subsequent development
phases. International Journal of Production Research. 56(6). pp.2218-2232.
Kumar, A., 2018. A successful treatment report on rabbits infected with sarcoptic mange.
Kwak, D.W., Seo, Y.J. and Mason, R., 2018. Investigating the relationship between supply chain
innovation, risk management capabilities and competitive advantage in global supply
chains. International Journal of Operations & Production Management. 38(1). pp.2-21.
Lema, R., Rabellotti, R. and Sampath, P.G., 2018. Innovation Trajectories in Developing
Countries: Co-evolution of Global Value Chains and Innovation Systems. The European
Journal of Development Research.
ONOMURA and et.al., 2018. Operation management apparatus, operation management
method, and non-transitory recording medium. U.S. Patent Application 15/836,229.
Online
Jorge Lopez, 2015 Types of Innovation. [Online] Available through:
<https://techblog.constantcontact.com/software-development/types-of-innovation/>
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