Is innovation based on sound engineering, technology, science and management

Running head: HUMAN RESOURCE MANAGEMENT
Human resource management
Name of student
Name of University
Author note

1HUMAN RESOURCE MANAGEMENT
Is innovation based on sound engineering, technology, science and management ---- Is it
feasible
Yes, definitely, the innovation is based on the concepts of sound engineering, science,
management and technology. It is because from the presentation, it can be seen that the solar
integrated electric vehicles and use of solar panels are important applications of sound
engineering techniques and science management, which enables innovation perspective and
thus can be feasible for reducing the environmental impact as well as improve business
functioning (Mouli, Bauer and Zeman 2016).
If Innovation is feasible - Is it a practical concept?
Yes, the innovation is feasible because with the investments done for the introduction
of solar integrated electric vehicles and development of solar panels, there will be generation
of clean energy and even reduce the harmful environment impact to a large extent. Thus,
investing on the development of solar panels and solar powered electric vehicles could be
feasible not only for the management of innovation but also for moving towards a better and
healthy environment where people could live in properly in the future as well (Fathabadi
2017).
Innovation is thus feasible and a practical concept as well, considering the fact that it
is something new to the business that can not only fulfil the needs of clients, but also
transform the innovation idea into practical reality, furthermore result in improving the
efficiency of business methods, operations and processes along with the introduction of new
products and services too. It is a practical concept because after the energy is used from the
battery, the battery would be charged itself with the help of solar panels that would generate
clean energy (Goldin et al. 2014).

2HUMAN RESOURCE MANAGEMENT
Is there a market for the product as claimed by the presenter?
Yes, there is a market for the products as represented in the presentation, because the
solar integrated electric vehicles are considered as environment friendly and there are lesser
chances of polluting the environment. The vehicle market will increase with the increase I
population and with the change in consumer trends. The markets that are mainly targeted
include Middle East and Asia because of the climatic conditions while the solar vehicles will
also be successful in America and Africa. There has been emergence of issues and problems
such as the existing vehicles creating higher amount of pollution, limitation of fuel around the
globe and high amounts of expenses on the fuel (Hannan, Azidin and Mohamed 2014). Thus,
there is need to bring something innovation and at the same time, focus on the management
of sustainability to reduce the harmful environmental impact and focus on the formation of a
cleaner and healthier environment. Thus, the market for the product could be huge and this
would also facilitate creation of a sustainable environment with much ease and efficiency.
If market is there – do the people/target consumers have enough purchasing power to
buy the product, are there any cultural social and political issues?
With the presence of good market, the electric vehicles’’ sales have increased largely
with more than 56 percent and nearly 200000 units are being sold globally. The sales level
have increased from the past few years, as compared to the year 2012 to 2014 and the
forecast suggested an increase in nearly 3 lakh unit sales. Based on the SWOT analysis, it
could be understood that the strengths are the new and innovative product, huge market size
and good nature along with long term growth scopes and opportunities, which represents that
the targeted consumers have high purchasing power for buying the products (Mesarić and
Krajcar 2015). The weaknesses are the collaborative working with the market holders, which
might create political issues and social issues as well that might further hinder the successful