MNGT3008 Report: Innovation of a Smart Air Conditioner Solution

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Added on  2023/06/10

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This report explores the innovation of a smart air conditioner designed to combat global warming. The report begins with an introduction to the concept of innovation and its importance in addressing contemporary challenges. It then delves into the specifics of the smart air conditioner, which utilizes sunlight to generate chilled air, thereby reducing reliance on conventional electricity and minimizing environmental impact. The report discusses the ramifications of this innovation, including its potential impact on the market, social systems, and individual performance. It analyzes the positive consequences, such as increased efficiency, employment opportunities, and enhanced customer satisfaction. The report also examines the anticipated and unanticipated consequences of the innovation. The conclusion reiterates the significance of innovation in resolving issues and fostering further advancements, highlighting the potential of smart air conditioners to contribute to societal and economic development. The report includes references to relevant academic sources to support its claims.
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Running Head: Innovation
Advanced Innovation management
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Innovation 1 | P a g e
Table of Contents
Introduction......................................................................................................................................2
Insight of the Innovation..................................................................................................................2
Ramifications of the innovation.......................................................................................................2
Positive consequences of innovation...........................................................................................3
Conclusion.......................................................................................................................................4
References........................................................................................................................................5
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Innovation 2 | P a g e
Introduction
Innovation is a creative, new and unique idea. Innovation is also considered as the application of
more effective solutions to the existing issues and challenges in order to generate positive
outcomes along with eliminating the negative aspects. Innovation is necessary for every aspect of
life and in terms of business; innovation helps the entities to enhance their performance along
with meeting market needs in more effective as well as in appropriate manner. In this essay,
innovation of a smart air conditioner will be discussed. From past few years, temperature of earth
is increasing rapidly and the major reason behind is global warming (Drucker, 2014). This smart
air conditioner will contain two units i.e. one internal as well as one external unit and the
external unit will obtain energy from the sunlight and convert the heat into chilled air which will
be delivered inside the houses, offices, shopping malls or wherever the air conditioner is fitted.
Although, this air conditioner will not be much effective in the nights because the main source of
its energy will be sunlight but it helps in reducing global warming which will be a great initiative
towards protecting natural habitat as air conditioners are the major contributors for increasing
global warming.
This report will discuss the deep insight of this innovation topic along with its ramifications on
the market as well as over the environment. In addition to this, all aspects of this innovation will
also be discussed in this report so that an appropriate conclusion could be made that whether, the
smart air conditioner will be useful or not.
Insight of the Innovation
As necessity is the mother of invention, it is the high time to control global warming so that
human life could be imagined for a longer period of time with appropriate natural resources. The
invention of smart air conditioner which will run by obtaining energy from sunlight and without
much usage of electricity will be the effective initiative towards protection of natural habitat.
This air condoner has been invented with the objective of protecting natural habitat along with
providing an effective alternative to the public in relation with the electronic air conditioners
(Berry & Berry, 2018).
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Innovation 3 | P a g e
A creative solution is always required to solve the problem. Challenges encourages for building
creative efforts to match with the demands as well as to deal with the challenges in an effective
manner. Yet, smart air conditioner is not in market which will be soon launched after analysing
all aspects of the new product. When air conditioners was first introduced in the market, it was
meant to be one of the biggest innovations of this era but as the demand and supply of air
conditioners have increased in recent years, innovation of air conditioner have been the major
contributor in terms of increasing global warming. Invention of smart air conditioner is
influenced by electronic air conditioners and its machineries have been modified so that it could
obtain energy from the sunlight in order to throw chilled air (Hatch, 2014).
Ramifications of the innovation
Primary objective of innovation is considered as the solution for meeting with the demands as
well as to resolve the problems. Ramifications in relation with an innovation topic are considered
as the changes occur to an organizational system, social system as well as over an individual’s
performance system in terms of acceptance and rejection of innovation (Grohman, Hadzidedic,
Filbeck, Wallaert, Thorson, Pavlak & Jennings, 2015). With every innovation, innovation and
creative idea, following ramifications are attached:
Desirable or undesirable: In terms of analysing the effects of an innovation,
consequences will be either desirable or undesirable. It depends upon the effects of
innovation as well as over its performance. Innovation of smart air conditioner will be
successful or not in the market will only be determined after analysing its impact
(Christensen, Raynor & McDonald, 2016).
Direct or indirect: Direct or indirect impact of the innovation could be determined after
analysing the response of innovation in the market. Direct consequences are those which
occur with the immediate effect of innovation introduced in the market whereas, indirect
impact takes certain years to develop as a positive impact in the market.
Anticipated or unanticipated: When an innovation is introduced in the market, it is
launched with certain anticipated consequences as well as unanticipated consequences.
As smart air conditioner is to be launched, thus, anticipated consequences for this
innovation is that it will be an initiative towards protecting natural habitat along with
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guarding natural resources. Apart from this, this air conditioner will also create positive
impact over an individual’s pocket as it will reduce the consumption of electricity which
will ultimately reduce the electricity bill. Unanticipated consequences are those which
are not even analysed or imagined by the innovator and those are widespread after the
implementation of innovation in the market (Bloom, Draca & Van Reenen, 2016)
Positive consequences of innovation
With regards to the introduction of smart air conditioner, it will improve efficiency as
well as effectiveness. Smart air conditioner will create positive impact over environment
and natural resources. Along with this, it will also create positive impact over utilisation
of electricity which will ultimately save money (Graditi, Ippolito, Lamedica, Piccolo,
Ruvio, Santini & Zizzo, 2015).
Apart from this, it has been analysed that innovations have a direct relationship with
generating employment opportunities for the local public. With the help of this, new
products occupy a niche in the market.
Apart from the above consequences, innovation also creates positive impacts over
income, encouragement towards further innovation, enhances customer satisfaction and
value, etc. (Davis & Gertler, 2015).
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Innovation 5 | P a g e
Conclusion
From the aforesaid discussion, it can be concluded that innovation is an important aspect for
generating effective resolutions for issues and challenges. One innovation also encourages
further innovations which ultimately ease the life along with enhancing the opportunities in
terms of generating employment, productivity, etc. This essay concludes the introduction of new
innovation of smart air conditioners. These air conditioners have multiple benefits through which
development of society as well as business industries could be imagined. In this essay, insight of
the innovation has been discussed along with its ramifications which could be generated.
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Innovation 6 | P a g e
References
Berry, F. S., & Berry, W. D. (2018). Innovation and Diusion Models in Policy Research.
In Theories of the policy process(pp. 263-308). Routledge.
Bloom, N., Draca, M., & Van Reenen, J. (2016). Trade induced technical change? The impact of
Chinese imports on innovation, IT and productivity. The Review of Economic
Studies, 83(1), 87-117.
Christensen, C. M., Raynor, M. E., & McDonald, R. (2016). What is disruptive Innovation. The
Encyclopedia of Human-Computer Interaction, 2.
Davis, L. W., & Gertler, P. J. (2015). Contribution of air conditioning adoption to future energy
use under global warming. Proceedings of the National Academy of Sciences, 112(19),
5962-5967.
Drucker, P. (2014). Innovation and entrepreneurship. Routledge.
Graditi, G., Ippolito, M. G., Lamedica, R., Piccolo, A., Ruvio, A., Santini, E. & Zizzo, G. (2015).
Innovative control logics for a rational utilization of electric loads and air-conditioning
systems in a residential building. Energy and Buildings, 102, 1-17.
Grohman, W., Hadzidedic, D., Filbeck, A., Wallaert, T. E., Thorson, T. H., Pavlak, T. G., &
Jennings, J. (2015). U.S. Patent No. 8,994,539. Washington, DC: U.S. Patent and
Trademark Office.
Hatch, M. (2014). The maker movement manifesto: rules for innovation in the new world of
crafters, hackers, and tinkerers. New York: McGraw-Hill Education.
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