Innovation and Sustainable Business Development for BHP

Report innovation and sustainable business
development

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
The problem to be solved............................................................................................................3
Problem insight............................................................................................................................3
Portfolio of generated solution concepts.....................................................................................3
Solution selection.........................................................................................................................4
Novel value proposition...............................................................................................................4
Targeted customers......................................................................................................................5
Competitive advantage................................................................................................................5
Strategic fit...................................................................................................................................6
Assessment of critical business model assumptions and uncertainties.......................................6
Argumentation for selection of innovation tools.........................................................................7
Self-reflection..............................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Innovation and sustainable business development refers to developing innovation for
growth of business and making it successful in long term. In this report sustainable business
development will be discussed through innovation. In this report business innovation for BHP
will be proposed. BHP is an Anglo-Australian multinational mining, metal and petroleum
company. It was founded in 1885 and is headquartered at Melbourne, Australia and London, UK.
Products of BHP include Iron ore, coal, petroleum, copper, natural gas, nickel and
uranium. In this report innovation will be based on Robots technology trend and this will enable
to achieve decent work and economic growth.
MAIN BODY
The problem to be solved
Problem that is to be solved is How to achieve decent work and economic growth in
mining company BHP.
Problem insight
Mining industry is one of the sector in which working involves significant risk for
humans working there. Along with this, after a certain time mining can also become uneconomic
as further economic activities of mining cannot be solved with existing methods. This is why it is
important to understand how decent work and economic growth can be achieved in mining. Also,
there is need to focus on sustainability as well because mining industry highly impact on
environment. It results in high pollution and affecting ecosystem to a great extent (Press, Robert,
and Maillefert, 2020). Thus, this issue requires to be solved through decent work and economic
growth.
Portfolio of generated solution concepts
There are different solutions for solving the problem and solution concepts include using
Robots, Big Data and use of affordable clean energy and responsible consumption and
production.