Question

In: Economics

The analysis of the 10 types of Innovation – Individual Project You have to choose one...

  • The analysis of the 10 types of Innovation – Individual Project

You have to choose one of these industries

  1. Fashion Industry
  2. Sport Industry
  3. Information Technology Industry
  4. Food & Beverage Industry
  5. Education Industry
  6. Transportation industry (Car, Motorcycle etc.)
  7. Hotel & Tourism Industry
  8. Household Industry (Furniture / Kitchen etc.)
  9. Consumer products (e.g., Shampoo, Bath etc.)
  • Please analyze the selected business with 10 Types of Innovation
  • You have to select the most innovative business case from the selected industry
  • Please give the detailed explanation of the ten types of innovation from the company.
  • How many types of innovation do they have?
  • What are they?
  • And how do they apply these types of innovation in details? Please give a clear example with clear explanation

Solutions

Expert Solution

innovation in fashion industry

1. Use of food products to make fabric:

A sustainable move in which the fashion industry is using tea, coffee and milk to make fabric.This move is very cool and new in the era where we want to try more and more green ways of sustenance.

2.Dying with Air:

In order to reduce the water footprint, this industry is using air to dye the clothes.This consumes less of energy and is a one step process.Air being present in abundance will be an economical option to choose from.

3.Use of digital prints:

The latest and most widely applied innovation is the use of digital prints on the fabric. It again reduces the water footprint and prints the design directly from the printer.It further reduces the textile waste. The designs are time and cost efficient.

4.Online shopping tools that know your measurement:

We have often seen that a large number of customers return their products after receiving them due to irregular fit and size issue. With most of the online retailers providing an option to pick the right apparel based on their size. Fits.me, was launched by the retailer Hawes & Curtis. Fits.me is a virtual fitting room with a shape-shifting robotic mannequin that takes body measurements and mimics a body's shape so that an exact fit can be seen. The site has been such a success that online German retailer Quelle saw returns reduced by 28 percent.

5.Bio filtering waste water

The process helps remove the most toxic textile dyes components - the recalcitrant organic compounds - by breaking them down via ozone treatment, prior to the application of a wastewater bio-filtering technique. Unlike traditional biological systems, this innovative treatment filter relies on microorganisms growing in aggregates.

6.Smart clothes

With the advent of  technology and automation in almost every sphere, we have smart clothes now. Levi's has introduced a new clothing line for cyclists in which the cuffling of the jacket can be used to check the time, answer calls, change music which just one swipe.The jacket is attached with a belt to keep the gadgets in place.

7.Environment sensory

We have innovated clothes, backpacks, scarves which respond to the different weather and seasons by changing colours. Such innovation has garnered many eyeballs from the masses.

Conclusion: Out of all these innovation, keeping in view the present time The use of bio filtering waste water is the most effective and efficient means to sustainable living.


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