Question

Week 5 - Discussion - Define innovation process Assume you are working for an organization with which you're familiar. They ask you to help them develop a process that will help encourage innovation among employees. Using this week's lectures and readings, develop a draft of a recommended innovation process and explain why these steps are important. Include factors to watch during implementation. Please include references. Responses could include the following: • Ask for clarification if you don't understand something • Compare and contrast two or more definitions. How are they the same and how are they different? What do those differences mean? • Are there missing steps in the process that might be helpful? Does this remind you of additional factors the company should consider?

Answer 1

Answer: Innovation is a collaboartive processs by which organisation abondon old paradigms and explore new applications.

Innovation is the process of creating new products and Re-engineering and process both for future and persent process.

Innovation process includes the following six stepts:

1.generation of ideas:

Here taems and groups interacts each others and list the ideas and better than individual idea.A suggestion box system tends to promote innovative ideas from vision and unreasonable demands or goals.heritage Foods company ltd. is venturing into dairy products and they are in the need to distribute their product in entire Hyderabad.

2. capture the ideas from ist stage:

ideas come from peers , friends and teams discussion.Records the idea into a list and encourage brainstorming to collect more ideas.use "Affinity Diagram" on walls.heritage milk pvt.ltd company collected the survey of his product and went for aggressively collected marketing trends of dairy products in the region

3. Bigin Innovations:

review entire list of innovative ideas and try to focus to explore the ideas. Quantify the benefits of each statements of idea to pursue.have a plan to fit the idea into organisation's strategy,mission and objectives. Now estimate the business potential and expected outcome of implemented idea.

Heritage Foods pvt ltd.co has planned to package the milk products into pouch and provide the cold storage facilities for retailors to perserve the milk.

4.Develop a business effective strategy:

Heritage foods ltd. co. has developed his strategy to counter the effect of AMUL milk products and for that they have collected informations about market ,consumers and possible prices and promotional program to cater the needs of needy customers.Implement the innovation in this phase and follow re-think of an existing process,product or service. Here you should be able to justify that how a future look like and what is a picture of future after implementation of idea.In this stage , innovation reside here and all things of future settle here.

5.Apply business improvement:

Heritage foods Ltd. co. has endoresed the implementation of their business idea into milk dairy products and finally they went for analysing further improvement of their products and distribution strategies.Examine in this stage for possible further improvement in the process,product or service and try to identify gaps in innovation process and try to fill these gaps. valueIn the last try to find out any blockage or barriers in innovation process.

6.decline:

Haritage Foods Ltd. co has successfully luanched their products into markets and they are still continuing to improvement but continuous improvement of existing process ,product or service no longer of value. It is the time to for further improvement of their products in the market. The idea of creating Lassi product in the market on the basis of season is the outcome of recent meeting of employees.