Managing Innovation: Strategies for Success

Managing innovation

Executive summary:
It can be concluded that managing innovation are the activity of the business which
develop the new products which have variety of the features as per the needs of the customer.
Different kinds of the information required to make the innovation effective and reached to the
successful acclivities of the business. The achieved its objectives when the leader of the business
guides and motivates the employees. Motivated employees works effectively and focused to
increase the profits and sales of the company. Innovation is the important factors which helps to
improve the image of the brand in the different competitive markets.

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................4
Future of the industry 2020 and beyond......................................................................................5
The requirements of the innovations in the company in 2020 and beyond:................................6
Building the capabilities of the future innovation for the company............................................7
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Managing innovation refers to the process and practices in which the company introduces
the new things and make the efforts to develop the business in different ways. When there is any
development of the new product and services in the business is known as the innovations. It is
the activity which determine the changes in the management. Apple is the largest company of the
technology which sells electronic items to the customer. The headquarter of the apple is at the
California, US. The products of the apple are iPhone smartphone, iPad, iPod etc. The main aim
of this report is to identify the innovation management in the business of the apple. The strategy
of innovation in the apple is to innovates the models of the business and new products is terrific.
The focus of the apple is not only on the production of the innovative products and but they
maintain the effective models of the business also. In the business environments of the apple
there are various methods which is used to identify the strategy of the innovation which leads to
the success. The thinking of the leaders of the apple is on the bases of the pipeline and the
platforms which push the business towards the managing innovation. This file also determine the
effectiveness of the knowledge of the company and cross functional cooperation which analysis
the ability and the capability of the innovation. For the successful development of the apple there
is the identification of the new products and services in this file. In this report there is the audit of
the innovation development for the introduction of the new products and services in the business
of the apple.
Future of the industry 2020 and beyond.
In the business of the apple there are lots of methods which helps in identify the various
drivers of the innovations. The working environment of the apple these innovation helps to reach
the success and the growth of the business. Apple is the most innovative company and they
innovate the different level of the organisation, teams and the individual of the business (Tidd
and Bessant, 2018). The employees of the apple is very productive and committed in the success
and the growth of the business. Different types of the methods which drives the innovation in the
business of the apple which are described below:
Make people responsible for the innovations: The manger of the apple make sure that
each and everyone who is working in the company is contributed effectively and efficiently in
the creation of the new value. For the achievement of the succeeds there is the need of the good
skills and the tools for the innovation in the business activities. The employees get the training