An Analysis of the Role of Innovation in Business Position

This report investigates the crucial role of innovation in shaping a company's business position. It emphasizes how innovation drives business growth and efficiency. The study addresses the need for organizations to understand factors such as workforce abilities, process effectiveness, networking, and financial assessment to foster innovation. The research aims to evaluate the impact of innovation on business position and proposes strategies for improvement. The methodology includes a quantitative approach using surveys and questionnaires, collecting both primary and secondary data. Data analysis is performed using SPSS and MS-Excel, with results presented through charts and graphs. Ethical considerations are also discussed. The report highlights the importance of innovation in gaining a competitive edge and achieving sustainable business success. The research also includes the assignment brief that covers the tips to make effective PowerPoint slides.

Role of Innovation in
the business position
Student Name
Student Number

Industry Partner
• Innovation plays an vital role in the current era hence
organization consider it in the business process and increase
their growth (Adams et al 2016).
• Innovation could improve the efficiency of organization as well
as the employee.
• The current organization considered it as an imperative tool
and improve the business growth (Asrar-ul-Haq and Anwar
2016).
• It is also founded that the innovation has increased the
business growth rate of the organization.

Research Problem
In the current era, it is mandatory for the organization to gained
their understanding about certain factors named as Improving the
abilities of the workforce Make improvement in the process of
effectiveness, Make network, and Financial Assessment due to
make innovation in the business process and increase their position
in the marketplace (Baker et al 2016).

Research Aim
• This study is emphasized on evaluating the role of
innovation in the business position. The following
objectives will be meeting by the researcher to meet the
research issue:
• To comprehend the meaning and concept of innovation
• To critically evaluate the role of innovation in the business
position
• To recommended strategies for improving the business
position

Literature review
• The aim of this section is to critically evaluate how much
innovation is imperative in increasing the business
position of the firm (Eniola and Entebang, 2016).
• Changes among the workforces could play a vital role in
company at the time of enhancing the innovation
(Jackson, et al., 2016).
• Evaluation of employee skills facilitates the company in
determining the innovation procedure feasibility.

Continued…

Continued…
• The organization should use the following strategies by which
the organization will be able to improve the innovation
practices in the organization:
• Improving the abilities of the workforce (Karna et al 2016).
• Make improvement in the process of effectiveness
• Make network
• Financial Assessment

Research Questions
• The research questions will be meeting the research
questions:
• What do you understand by the meaning and concept of
innovation
• What is the role of innovation in the business position
• What recommended strategies for improving the business
position

Research Design
• Research strategies:
• In this study, the quantitative method has been practiced by the
researcher as it allows getting feasible information about the role of
innovation in the business position.
• Survey through questionnaires has been practiced by the researcher
due to getting direct responses to the research matter (Lins et al
2017).
• Data collection method
• This study will also consider both primary as well as secondary data
collection tool due to obtaining the favorable data in the context of
the research matter.
• The data collection tool is effective in obtaining the research issue.
The primary data will be gathered by survey through questionnaires
while secondary data will be collected by entailing the existing
sources named Articles, books, and websites (Lopes et al 2017).

Continued…
• Data analysis methods
• In this study, quantitative data evaluation method will be used
that will be supportive in evaluating the factual data by entailing
the SPSS and Ms-Excel software. The data will be presented by
charts and graphs.
• Sampling
• The probability sampling tool will be practiced by the researcher
wherein the researcher will randomly select the sample for
conducting the study. In this, 50 manager of the IT organization
has been selected due to comprehend the role of innovation in
the business position.

Research Design: Research Tool(s)
• Demographic questions
• Please specify your gender
• Male
• Female
• Other
• Not want to disclose
• Please specify your age
• Under 21
• 22 to 26
• 27 to 31
• More than 32
• Please specify your experience in IT sector
• Less than 1 years
• 1 to 3 years
• More than 4 years

Continued…
• Do you agree that Innovations is vital to operate the business
and reach a higher position
• Strongly Agree
• Agree
• Neutral
• Disagree
• Strongly Disagree
• In your opinion, which one of the following affected to the
innovation practices in the business process:
• Improving the abilities of the workforce Make improvement in the
process of effectiveness
• Make network
• Financial Assessment