Order Assignments Now Get Upto 50% Off Get UPTO 50% OFF on Your 1st Assignment. Redeem Code: NEWCUST25 Order Now

MOD004055 Innovation Level 4


Innovation is a adoption of smart and new methods and strategies in their products and services. It aid in enhancing a latest goods and attracting a new customers. It also help in making a proper image within a marketplace as well as in a consumers mind. By this method an business will able to meet market growth as well as also help in adopting a modified circumstances within environment. In this report it also consider Hakim Groups as it is an small company which is established in 2001 as well as caters specialised concentrating in optical business (Adner and Kapoor, 2010). This assignment concentrate on importance of innovation along with that comparison with invention. The different kinds and approaches which are linked to innovation are also discussed in this report.

A+ Grades @Affordable Prices! We deliver all academic papers from dissertations & assignments to thesis, & case studies. 5000+ satisfied students, you could be next! Place Your Order Now! Order Now

Task 1

P1 Explaining innovation and its importance and comparison with invention

Innovation methods of an company aid in finding out market opportunities along with that acting upon a same so that operations of sustainability can be developed. It refer to measure a survival in present volatile and uncertain market. It is important to develop a innovation culture within firms so that they can generate confidence within workers can enhanced. It aid in utilizing as an technology, systematic and strategy measures which can help in meeting a pre-determined targets of an business. The main advantages can be meet by practising innovation are given below:

Problem solving: A business is encountered with various issues which are to be solved if enterprise wishes to retain for a long time within a market place. The convention solving of problems and practised planning will be not sufficient along with that there is a requirement for creative thinking so that issues can be solved. Its purpose to solve issues and perceive of enterprise in an unprecedented way (Dahlander and Gann, 2010).

Adapting to market dynamics: It is a fact which is known that circumstances of markets of an enterprise dynamically changes. Hence, there is a healthy requirement for using an innovative techniques so that members of staff can be empowered, engaged and improve financial condition which can be achieved by an enterprise.

Responding to consumer demands and expectations: Consumers are a main factor which assist industry in sustaining the market operations for a long period of time. By innovation a enterprise can give value to their buyers as well as became higher buyer centric. It will directly influence the experience after utilizing of services and products within company.

Effective competing: Their are various company which are competing within a market provide similar services and goods. Some of market circumstances are very important to use it in a creative way by which services and goods are utilized differently so that managers enterprise position can be achieved (Davila, Epstein and Shelton, 2012).

Download Full Sample
Cite This Work To export references to this Sample, select the desired referencing style below:
Global Assignment Help.(2024) MOD004055 Innovation Level 4 Retrieved from: https://www.globalassignmenthelp.com/free-samples/planning/innovation-level-4
Copy to Clipboard
MOD004055 Innovation Level 4 Global Assignment Help ,(2024),https://www.globalassignmenthelp.com/free-samples/planning/innovation-level-4
Copy to Clipboard
Global Assignment Help (2024) MOD004055 Innovation Level 4[Online]. Retrieved from: https://www.globalassignmenthelp.com/free-samples/planning/innovation-level-4
Copy to Clipboard
Global Assignment Help MOD004055 Innovation Level 4. (Global Assignment Help, 2024) https://www.globalassignmenthelp.com/free-samples/planning/innovation-level-4
Copy to Clipboard
Global Assignment Help MOD004055 Innovation Level 4. [Internet]. Global Assignment Help.(2024), Retrieved from: https://www.globalassignmenthelp.com/free-samples/planning/innovation-level-4
Copy to Clipboard
Often times, students feel unable to work on assignments and think, “Who will do my assignment?” By providing "Sample" on various subjects, we are trying to help them understand all the intricacies of writing. We have the most qualified and skilled assignment writers who can provide the best assignment writing services, essay writing services, dissertation writing services, and more at the most affordable rates. Place your order now for surprising discounts.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price
USD 7.13

    Delivered on-time or your money back

    100+ Qualified Writers

    For Best Planning Assignment Help

    • expert name
      1564 - Completed Orders
      Joseph Anderson View Profile Ph.D. in accounting and finance France Hire Me
    • expert name
      1324 - Completed Orders
      Zoey Pitt View Profile Master's in Chemical Engineering UK Hire Me
    • expert name
      1323 - Completed Orders
      Nora Dooley View Profile Graduate in Aural & Oral Sciences UK Hire Me
    • expert name
      1231 - Completed Orders
      Pamela Clinton View Profile Graduate in Sports & physical activity USA Hire Me
    View All Writers
    FREE Tools

    To Make Your Work Original

    • tools Paraphrasing Tool

      Easy to Use Paraphrasing Tool to Simplify Complex Academic Writing

      Check Paraphrasing
    • tools Plagiarism Checker

      Check your work against plagiarism & get a free Plagiarism report!

      Check Plagiarism
    • tools Reference Generator

      Get citations & references in your document in the desired style!

      Generate References
    • tools Grammar Checker Tool

      Make your content free of errors in just a few clicks for free!

      Grammar Checker
    • tools Essay Typer

      Generate plagiarism-free essays as per your topic's requirement!

      Essay Typer
    • Dissertation Outline Generator

      Get Structured Outline by Professionals for Your Dissertation

      Check Dissertation
    • Thesis Statement Generator

      Create the perfect thesis statement in just few minutes!

      Generate Thesis
    GAH whatsapp