logo

Managing Innovation in Business

9 Pages2819 Words30 Views
   

Added on  2023-01-13

About This Document

This document discusses the importance of managing innovation in business and its impact on sustaining in the competitive market. It explores the innovation history and current performance of Marks and Spencer, a British multinational retail store. The document also provides insights into the industry trends and capabilities of the organization.

Managing Innovation in Business

   Added on 2023-01-13

ShareRelated Documents
Managing
Innovation
in
Business
1
Managing Innovation in Business_1
2
Managing Innovation in Business_2
INTRODUCTION
Innovation is considered as creative thoughts, a new idea as well as new imagination in
the respect of action or device. It is also consider as better solution that is native by an
organisation for meeting new requirement or unarticulated requirement of its potential
marketplace (Biemans, 2018). Now a day it is essential for an organisation to adopt innovation
for sustaining at competitive market. Organisation selected for respective assignment is Marks
and Spencer which is a public type of firm conducting in clothing retail sector. Respective
company is introduced by Michael Marks as well as Thomas Spencer in year 1884. The main
aim of conducting this assignment is to identify information about company, its innovation
history, current innovation performance as well as capabilities along with this it also include
future of respective firm.
MAIN BODY
The Organisation & Industry Overview
The Organisation and its Innovation History
About Marks and Spencer
Marks and Spencer commonly abbreviated as Marks and Spencer. It is a public firms
operating as a British multinational retail store. It is introduced by Michael Marks as well as
Thomas Spencer in year 1884 as well as its head office is located at London, United Kingdom.
Respective organisation operates its business at worldwide level as well as they have numbers
brands like Autograph, Per Una, Rosie, limited, M&S Energy, Blue Harbour and H&S
Collection. The respective company is specialize in merchandising premium quality home
products, food products, jewellery and clothings. This firm is also recorded on the London Stock
Exchange as well as it also listed in the FTSE 250 Index and in is listed at FTSE 100 Index from
its creation or innovation until 2019. Marks and Spencer have 1463 stores across the 57 countries
as well as they are operating over 50 international websites and they are considered as United
Kingdom leading retail store who offer premium quality of fashion, stylish home ware as well as
award winning food (About M&S, 2019). Respective organisation believe in constant innovation
which make tailor as well as products innovative so that its customers get delightful experiences
around the world. In addition to this, it also provide financial services by name of M&S Bank
and it include current account, saving account, credit cards, insurance facilities and mortgages
3
Managing Innovation in Business_3

End of preview

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

Related Documents
Introduction to Virtual Reality: Insights from Marks and Spencer
|29
|3708
|1

Context of Business Assignment - Marks and Spencer
|9
|2655
|468

Management and Leadership Style of Marks and Spencer
|9
|2483
|61

(PDF) A Review of Leadership Theories, Principles and Styles
|9
|2483
|63

BUSINESS ENVIRONMENT INTRODUCTION 1 MAIN BODY1 CONCLUSION 9 REFERENCES 9 INTRODUCTION Business Environment
|12
|3447
|33

Organization Management - PDF
|8
|2364
|282