logo

Management Development and Innovation

This assignment requires a market analysis for a product/innovation, including background information, market size and trend, target market and customers, competitive analysis, and estimated market share.

13 Pages1734 Words97 Views
   

Added on  2023-01-19

About This Document

This assignment discusses the implementation of wind turbines in Australia for reliable and efficient electricity supply. It covers the background, target market, competitive analysis, SWOT analysis, PEST analysis, financial forecasting, and conclusion.

Management Development and Innovation

This assignment requires a market analysis for a product/innovation, including background information, market size and trend, target market and customers, competitive analysis, and estimated market share.

   Added on 2023-01-19

ShareRelated Documents
Running head: MANAGEMENT DEVELOPMENT AND INNOVATION
Management Development and Innovation
Name of the Student:
Name of the University:
Author’s Note:
Management Development and Innovation_1
1
MANAGEMENT DEVELOPMENT AND INNOVATION
Table of Contents
No table of contents entries found.
Management Development and Innovation_2
2
MANAGEMENT DEVELOPMENT AND INNOVATION
Introduction
The aim of the assignment deals with the implementation of wind turbines in Australia
which is required in order to generate the electricity from the renewable resources and further
provide reliable and efficient electricity supply. In the long run development of the electricity
supply can improve the effectiveness and reliability in the system which will further lowers the
costs and price.
Background
The innovation of wind turbine in today’s world is significant in order to generate
electricity production is one of the possible solution for the energy crisis. Climate change is an
important factor which must be considered while developing the wind turbines for the purpose of
electricity consumptions [1]. Installation of wind turbine must act as per the change in the
climate and as most of the energy is produced through fossil fuel which releases too much carbon
dioxide.
In this product the wind turbine turns the energy of the wind into electricity and this is the
main function of the product. This product will not cause any harm to the change in climate will
be able to reduce emission by 84.6 gigatons of carbon dioxide.
Management Development and Innovation_3
3
MANAGEMENT DEVELOPMENT AND INNOVATION
Target Market
The target customer depends on the type of operation conducted in the wind farm. If the
operation of the wind turbines is in the rural household or may be used in the grid mode which
will further be connected to the national grid system. The cost which will incurred while
producing the green power production compared to the fossil and hydro fuel generation in the
heat and the power system.
The significant point in favour of the wind power energy that the electricity generated out
of the wind turbines by burning the fossil fuels especially in Australia. The larger the proportion
of the wind power in the supply of electricity has a chance of reducing the atmospheric
greenhouse gases the main reason for the change in climate and acidification in the ocean.
Management Development and Innovation_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Wind Augmentation Shroud to Improve Efficiency
|5
|1188
|187

Sustainability and Renewable Energy in Australia
|8
|1345
|109

Report on Short Circuit Calculations in Networks
|75
|13475
|38

Causes and Effects of Global Warming
|5
|1650
|53

Renewable Energy Design in Asia
|23
|6865
|261

Energy Distribution and Generation
|16
|2853
|137