Question

Leading Innovation
Innovation is the essence of much of real engineering. Companies either innovate or stagnate and eventually die to more innovate competition. Whilst some companies and business sectors innovate well, others are by nature more conservative. After conducting a comprehensive review of literature in the area of innovation management in the context of an engineering sector of your choice, find out what innovation means and what approaches is currently use to introduce innovation in the projects. Based on your findings and understanding of best practices in the literature develop recommendations for improving innovation in your sector.

Answer 1

When we look around, we can undoubtedly say that the IT sector is the one which has most innovative products when coming to the engineering. It is with those innovative products of the IT sector that, businesses today are able to foster their growth. With enhanced IT projects, businesses worldwide has been able to integrate their processes and activities taking place in different branches, subsidiaries, joint ventures and the like. As the world is now under the same umbrella as a result of globalization, there is a high demand and requirement for IT innovative products like the Zoom calls and many other platforms which enable us to control and meet the people who are located in the different parts of the world. A person now can control and run his business sitting in the comfort of his home or bedroom wherever he is in the globe.

There are also platforms developed and introduced by the IT sector which helps us complete the verification and the like processes in a click. And in the airport or a public transport now you can travel without a physical paper or ticket. Individuals can also control their activities now with voice by using Alexa and other innovative products which would do the task for them. And all these innovations were the changes embarked in the society.

Now what does innovation mean?

Innovation is the creative or the new ideas that comes into ones imagination and is then transformed into a result which has the power to embark or bring and mark a change in the way we live. This is always a better solution to meet the requirements which may be new or already existing. The development of new technology, product, process, services all account to innovation.

Currently the companies adopt various approaches to introduce innovation in the projects. This might be by embracing their failure that has happened many a times and try again with a new product. And the companies also hire the fresh and new talents in the company; also keep them open to innovation and sharing their own ideas despite of any hierarchy and limitations. They are also offered with more incentives for the best ideas brought in which become a success. There are also companies which keep on training the employees in order to enhance their skills and design thinking.

Innovation in my sector:

My sector is the restaurant and hospitality sector. Here we own a multi cuisine restaurant and a junk food store. The innovation that we can bring is moving forward with the technology and utilizing the right platform for promoting our business and products. And another innovation would be that to travel around the world in search of new foods, tastes and spices. The same can be launched in the way it is or with an improvisation which would attract more customers as people today are open to all types of foods and tastes.

We also use various IT inspired products and technologies to get our business right and running on a real time update basis. As into the hospitality sector, we receive many customers on a day to day basis where people are belonging to different countries, natives, religions and beliefs. Here we ensure that we are able to serve them without hindering their culture and for the same we have included many cuisines in the menu and also people from around the world to serve as our employees so as to let the customer choose the serve they want.