1THINK BIG 1. Introduction to the innovation The innovation that is planned by the company is dependent on the identification of the problems that are faced by the customers while making a buy of the apparel as per their preferences. The differences in the functioning of the organization are dependent on the change in the customer preferences and the manner in which the needs of the customers can be supported by the business.Most of the time, the customers feel reluctant to go round the retail stores searching for the preferred apparel. The sale of the organization is often compromised through the reluctance of the customers to go round the stores or scroll down the virtual apps in search of their favourite brands or designs. Therefore, the company will be devising a technology that will assist the customers to find their preferred products in one go. Thecreation of virtual trial roomsis aimed at helping the customers to come across the most preferred outfit that fits the personality of the person. The virtual trial rooms have helped in coping up with the expectations of the customers in the market. The innovation will be helping the organization to bring in changes in the systems and the functioning of the business as per the identification of the needs of the customers in the market. The continuous innovation through the identification of the needs of the customers will be helping the organization to bring in changes in the situation of the business while operating in the Australian markets. It will be helping the organization to gain sustenance and thereby grow beyond the borders.
2THINK BIG 2. Description of the innovation process and justification for the same The innovation process that is planned by the organization is base on the identification of the differentissuesthatarefaced by thepeoplewhilemakinga buy of theirrequired commodities in the market. The stages of innovation is being discussed in this section which helps in the lucid understanding of the different elements of the change that is planned by the organization to cope with the needs of the same. Figure 1: Innovation Process (Source: Chesbrough,Vanhaverbeke & West, 2014) Stage 1: Idea Generation and Mobilization The generation of idea is facilitated through the identification of the issues and the manner in which the issues can be mitigated through the disposition of the idea in the context. The generation of the idea helps in maintaining the different levels of modifications in the
3THINK BIG systems of the business (Trimi & Berbegal-Mirabent, 2012). The identification of the issues of the customers relating to their choice of the apparel will be helping the organization to come up with an innovative approach to suffice to the needs of the customers. The idea of creating a virtual trial room will be helping the organization to adhere to the needs of the needs of the customers. The idea will be helping the organization to mitigate the issues that are faced by the customers while choosing their appealing apparel. Stage 2: Advocacy and Screening The screening of the idea is based on the assessment of feasibility of the idea and the manner in which it will be helping the organization to bring in improvements in the system as per the needs of the customers in the market (Massa & Tucci,2013). The identification of the needs of the customers will be helping the organization to bring in changes in the functioning of the business as per the objectives of the same to sustain as per the needs of the customers in the market. Screening the idea and selecting the other alternatives and justification of the idea will be helping the organization to choose from the different ideas that are presented to being in change in the operations of the organization in the market. Stage 3: Experimentation The experimentation of the feasible idea helps in understanding the manner in which it will be helping the organization to bring in changes in the systems of the business and thereby helps in making the business more profitable. The experimentation of the business idea helps in maintaining the different levels of change in the systems and the functioning of the business in the market. The identification of the idea of creating virtual trial rooms is supported through thorough experimentation of the processes that are planned by the organization to bring in
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4THINK BIG changes in the systems of the business (Hogan & Coote, 2014). The exposition of the change in the operations of the business is justified through the innovativeness of the organization as it will be helping the organization to bring in positive levels of change in the market structure. Stage 4: Commercialization The commercialization of the idea is dependent on the costs that will be incurred by the organization to implement the models and the devices that are required for bringing in changes in the systems (Schneider& Spieth,2013). The costs that might be incurred by the organization while undertaking the processes are based on the identification of the needs of the business to bring forth innovation in the systems. The feasibility of the idea is dependent on the costs that might be incurred by the organization, which will be helping to bring in progression in the business. Stage 5: Diffusion and Implementation Implementation of the process helps in maintaining the different levels of change in the operations of the business as per the issues that are faced by the customers while choosing their preferred apparel (Amit & Zott, 2012). The diffusion and implementation stage will be helping the organization to bring in continuous changes in the processes planned by the business. The implementation of the business idea will be helping the business to bring in changes in the situation of the business in the market. 3. Conclusion Therefore, from the above discussion it can be stated that the identification of the issues faced by the customers of the business will be helping the business to bring in changes in the
5THINK BIG operations through the generation of a new idea and proper implementation of the same. The continuous innovation that is planned by the business helps in improving the situation of the same through adherence to the requirements of the customers. References Amit, R., & Zott, C. (2012). Creating value through business model innovation.MIT Sloan Management Review,53(3), 41. Chesbrough, H., Vanhaverbeke, W., & West, J. (Eds.). (2014).New frontiers in open innovation. Oup Oxford. Hogan, S.J. & Coote, L.V. (2014). Organizational culture, innovation, and performance: A test of Schein's model.Journal of Business Research,67(8), pp.1609-1621. Massa, L., & Tucci, C. L. (2013). Business model innovation.The Oxford Handbook of Innovation Management, Oxford University Press, Oxford, 420-441. Schneider, S., & Spieth, P. (2013). Business model innovation: Towards an integrated future research agenda.International Journal of Innovation Management,17(01), 1340001. Trimi,S.,&Berbegal-Mirabent,J.(2012).Businessmodelinnovationin entrepreneurship.International Entrepreneurship and Management Journal,8(4), 449- 465.