BUS301 Innovation and Idea Generation Report: DPD Group Analysis

This report delves into the realm of enterprise innovation, emphasizing the significance of generating innovative ideas to achieve creative outcomes and influence consumers effectively. The focus is on the DPD Group, and the report explores various innovation theories, including TRIZ, budget for micro innovation, disruptive innovation, and open innovation. It examines idea generation processes, emphasizing the importance of creating and communicating both concrete and virtual ideas. Furthermore, the report presents a proposal for an innovative product, process, or service tailored for a working organization, accompanied by a detailed implementation plan. The implementation plan outlines the necessary changes to existing methods, dealings, and tools. In conclusion, the report highlights the essential role of innovation in ensuring managerial presentation, viability, and efficiency, ultimately leading to increased competitive advantages. The report references key sources to support its findings.

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Table of content
INTRODUCTION
TASK 1
Apply theories of innovation and idea generation to products, processes or servic
es to develop an innovative idea.
TASK 2
Devise a proposal for an innovative product, process or service for a working org
anisation and produce an implementation plan
CONCLUSION
REFERENCES

INTRODUCTION
 Enterprise innovation includes the exercises of growth of something innovative or exclusive. It will
lead as to creative result to influence several potential consumers as effectively. Innovative enterprise
always defines the stable framework in respect to maximise the sections of initiative presentation. The
management consider in this report is DPD Group.

Apply theories of innovation and idea generation to products,
processes or services to develop an innovative idea.
 Idea generation is termed as the procedure of creating, developing and communicating the concrete
and virtual thought of ideas. One of the basic desires for business accomplishment is the capability to
create and deal with something exclusive to the orientation of the market.

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 Triz: It is a problem solving analysis that are forecasting the tools and techniques in the process of
innovation. It also termed as the theory of inventive problem solving terms that relates to the practices
of the plan of actions in the business.
 Budget for micro innovation: It involves the innovation as per to the risk terms in the business. It
phrases the issues and risk to be getting solved or fix with little more innovation in the company as
effectively.

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 Disruptive innovation: It is termed as the most essential theory of the innovation that is usually
completely misunderstood as per to its variations in the business.
 Open innovation, crowdsourcing and idea management: It is the process that enabled the company to
set the challenges and task in the manner of the company that are address the leading terms (Meyer,
2019). It also relates the ideas of the management and that are also interrelated to the virtual source.

Devise a proposal for an innovative product, process or service for a
working organisation and produce an implementation plan
Developing the ideas
 The company get access to their members of the team as about to the development plans. It might
contribute the perceptions that have mannered it as overlooked.
 It seeks the framework of the suppliers and other business links as they are the specialist and experts
that might be irreplaceable from the business.

Implementation plan
 The basic aim of any work plan is to create
and connect what is happening and when to
confirm that such work of the plan is
getting involves that have a basic
understanding of how the improvements
will be executed (Deb, Dey, and Balas,
2019). The implementation of the plan will
determine that the changes needed for
existing methods, dealings, possessions
and tools and documents to make the
changes as effectively.

CONCLUSION
 As per above report it has been concluded that, innovation is very essential factor that will help the
management ensure the managerial presentation, viability and also the efficiency level in respect to
increase several competitive benefits.

REFERENCES
 Rotarius, T. and Rotarius, V., 2017. Information Delivery in Health Care: Preparing a Professional
Presentation to Key Stakeholders. The health care manager. 36(2). pp.192-198.
 Mohammadi Nezhad Ganji, A., and et.al., 2018. Determine Of Standard Infrastructure For The
presentation of the faculty members' professional skills promotion model based on the fourth
generation higher education mission. Educational Administration Research. 9(34). pp.131-146.
 Meyer, D.L., 2019. Presentation of the 2018 Harrell L. Strimple Award of the Paleontological Society
to Jack Kallmeyer. Journal of Paleontology, 93(5), pp.1044-1044.

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