Managing Innovation in Business

Managing Innovation in
Business

EXECUTIVE SUMMARY
Innovation is termed as the procedure of creating and demonstrating something new
products, executing and offering new sort of the sections in the business. It will also refers to a
perspective that gets changed into practical set of business. In any sort of business growth it will
evaluate in an orientated and regular term of manner so that they are capable to lead and have
better work and efficiency as effectively. By identifying and maintaining the unique manner that
is essential as there are various contestants and in respect to compete with them, growth of goods
and facilities that is essential. Innovation is an important term that will lead to have development
by influencing skill set of an individuals to get satisfy the manner of the demands. As when
business have invention in their goods and facilities, launch something new then it will leads to
help in developing their business. In context to the invention, it deals with developing and
creating new set of factors but innovation will involve the manner for improving old products.
Auto-mobile industry will termed as to be one of the most technical and active field of industry
as across to the globe that concentrates as on heavily upon the implementation of new innovation
section of period of time to time in respect rise the field and the standard of substructure and
techniques in the same. Ford is a well-known name in automotive industry and it also has
secured a good position for itself in the respective set of the industry as well. The report
highlights upon the thorough examines of innovation progression in Ford Mustang as with the
same term as effectively.

Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
TASK...............................................................................................................................................4
The future of the industry 2020 and beyond................................................................................4
The organisation innovation requirement 2020 and beyond.......................................................6
Building the future innovation capabilities for the organisation.................................................7
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12