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Managing Innovation in Business of Tesco

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Added on  2020-10-22

Managing Innovation in Business of Tesco

   Added on 2020-10-22

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Managing innovation inbusiness- Part2
Managing Innovation in Business of Tesco_1
Executive SummaryThis report is part 2, of which part one has been already presented in which description aboutinnovation and its importance in order to maintain Tesco's resistivity within a market place wasbeing discussed. Previous report includes innovation history of the company and its futurecapabilities by analysing retail industry. In second part of report, its about role of innovation toenhance growth and expanding Tesco in a period of some years. It discuss about the requirementof innovation within an organisation. This report reveals the innovation that will be brought up by company in retailingindustry. These innovative products will change the industry by 2020 and beyond. It has beenanalysed that company should come up with innovations in order to sustain within thecompetitive market place. It is also done so that they can remain ahead with their rivals. Forfacilitating this Tesco will be coming up with different innovations which are RFID, Connecteddevice, Augmented reality, Cognitive Computing, etc. Among this they must launch cognitivecomputing as this has been not brought up by any organisation in market place till yet. Tesco hasalso implemented a road map in order to successfully and effectively launch cognitive computingtechnology within a market place.
Managing Innovation in Business of Tesco_2
Table of ContentsExecutive Summary.........................................................................................................................2INTRODUCTION...........................................................................................................................3The Future of Industry 2020 and Beyond ..................................................................................3Organisation's innovation requirements 2020 and Beyond.........................................................4Building the future innovation capabilities for the organisation.................................................6CONCLUSION................................................................................................................................91
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