Managing Innovation in Business Assignment : Apple Inc
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Added on 2021-01-02
Managing Innovation in Business Assignment : Apple Inc
Added on 2021-01-02
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Managing Innovationin Business -AppleInc.1
EXECUTIVE SUMMARYThis assignment elaborates about the importance of bringing innovation within anorganisation. As it is consider to be one of the most essential activity which support indeveloping competitive advantage that further help in achieving sustainability in marketplace.This project is about the Apple Inc. which belongs to technology sector and due to increasingcompetition and quick changes that take place within an industry it become very essential forcompany to bring innovation continuously in its operations. This assignment is divided into threesections. First part explains about the future of technology industry, second part talks about theimportance of innovational practices for apple and technologies that must be opt by company forfuture practices. Third part explains about the things to be consider for developing futurecapabilities for making organisation compatible to new innovation or changes. Apple is considerto be an organisation which emphases over bringing continuous innovation in their product aswell as operations. So it is recommended to Apple Inc. that they must bring regular innovationalpractice to achieve market sustainability and competitive edge. 2
Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................1Future of industry 2020 and beyond.......................................................................................1Organisations innovation requirements 2020 and beyond.....................................................2Building the Future Capabilities for the organisation............................................................6CONCLUSION..............................................................................................................................10REFERENCES................................................................................................................................11
INTRODUCTIONInnovation refers to the set of activities that work toward converting the idea into realityfor achieving higher sustainability in market place. This process includes collecting information,resources, manpower to develop a innovative product that adds value to customers. This projectexplains about Apple Incorporation which is an American multinational company. It deals inproduct categories like consumer electronics, computer hardware & software etc. The founder ofApple is Steve job and Steve Wozniak by launching commercial computer named as apple I inyear 1976 . This project includes detail description about the future of technology industry by year2020 and beyond. Further It explains about requirement of innovation in Apple corporation fordealing with future changes and competition. This section describes about various technologiesthat Apple Inc. can anticipate in future. In addition to this it explains about the capabilities thatare required to be develop by organisation in order to implement innovational approach in future.Future of industry 2020 and beyondTechnology industry is a sector which deals in research & development or distribution oftechnological and innovation based good. This sectors consists of companies that are belongs tomanufacturing of consumer electronics, software, computer, mobiles and many more productthat are linked with information technology. This sectors offers wide range of product or servicesto both customers as well as businesses (Archibald and Archibald, 2016). Consumer productssuch as personal computer, mobile, home appliances, television etc. On the other hand businessside products are innovations from technological sector for developing enterprise software,logistic systems, database protection which help them in formulating strategic business decisions(The Tech Industry, 2018). Technological sector is more attractive investment destination in every country'seconomy which invite many investors to invest in innovative idea for brining a product in amarket that provide growth and tough competition to other players of industry. This sector worktoward improving the standard of living for making the earth a better place by providing variousinnovative gadgets (Biemans, 2018). Technology sector is gaining more attention of peoplearound the world and make them depended over the use of instruments. This has developed anenvironment which provide higher growth to the companies belong to technology sector.Therefore, the future of this industry is very bright.
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