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Managing Innovation in Business

   

Added on  2020-10-23

14 Pages4308 Words475 Views
Managing Innovation inBusiness PART 2
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EXECUTIVE SUMMARYIn the present study, innovations and its importance for future development in auto-mobile sector has been explained. Therefore, it contained example for 2020 and beyond its work.Furthermore, it also contains industry development with some effectiveness and ascertainedinnovation which helps to increase profitability. From this aspect, effectiveness will becontinuously develop which would be beneficial to gain overall goals and objectives. In thisregard, General-motors continuously reinvest their money to develop more consideration withusing advance technology in it. Furthermore, electronic vehicle also develop that helps topromote more significant work that ascertained to attain targets and goals. Along with this, futureof the whole industry and beyond its performances increases to focus on targets.
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Future of the industry 2020 and beyond.....................................................................................1Organisation innovation requirements 2020 and beyond............................................................3Building future innovation capabilities for the organisation.......................................................4CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
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INTRODUCTIONInnovation plays very important role to make successful results in the business. Marketleaders drive with significant proportion to gain more income from new products. With thisregard, innovation take major breakthroughs and incremental improvements in existing products.Solid management assists to encourage and support business to realise commercial benefits fromit. Managers can easily take support to maintain and provide resources to promote ideas of theenterprise. Leaders also take role to bring balanced perspective in project (Pedersen, Gwozdz andHvass, 2018). Present study based on General Motors company which is American multinationalcorporation and manufactured, markets and distribute vehicle and its parts with selling financialservices. There are different types of brands promoted that helps to attract several customers inthe enterprise.For gaining insight information of the present report, it covers future industry of theindustry in 2020 and its beyond. Furthermore, innovations for the organisation successfullydevelop to attain more desired level of results in the company. At last, building future innovationcapabilities for the selected business develop that ascertained with creative performances andoutcomes within the business environment. MAIN BODYFuture of the industry 2020 and beyondGeneral motors company is popularly known and operates in global market for differenttypes of motor vehicle and parts. It designs, produces and distributes vehicle with selling offinancial services. Belonging to the motor vehicle and parts sector means that public sourcescontinuously develop to assess accuracy of data which depend on publicly accessible data. Thecompany gain long term success which continuously develop products for future development.In major corporate restructuring, plant closures and job cuts in response to declining customerdemand with powered sources (Zaefarian, Forkmann and Henneberg, 2017). The chosencompany expects next generation Chevrolet silverado to provide more investment in newmobility technologies. Following are certain notable endeavours explained which developed byGeneral Motors:1
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