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Business Case Study – Innovation for Business Assignment Sample

Topic: Business Case Study – Innovation For Business
Document Type: Business Case Study
Number of Words: 4000 words
Pages: 16 pages
Referencing Style: APA

Part A

Introduction

Innovation is the idea of practical implementation that improves an offering of goods and services. Often innovation takes place through effective product developments, technologies, services or business models that innovation is available to society, government and the market. This report will be discussed the innovation and commercialisation of the City of London College building a new campus ensuring the eco-development that will help the college to achieve its target. In this report, it will be recommended to this college to research the ICT solution for the new state and build a business zone for teaching and independent study. This report will also discuss the importance of innovation and the use of innovation in different types of organizations, and also introduce the values of innovation into the organizational and leadership culture (Holmström,  2018). Here this report will be also discussed the 4ps of innovation and the use of frugal innovation in the new business zone development for the college. 

Explanation of innovation and its use as well as importance and use in different types of organisation

Innovation is an indicator of any organization's capability to sustain success. Cultural innovation is a competitive advantage in today’s uncertain and global environment business which is able to sustain success through the cultural innovation takes the importance of increasing. The organization is a system which is important to understand. Strategy and direction set at the organisational level it will impact teams and individuals. The CEO and the organizational team are responsible for the cultural organizations. The style of the leadership values and the way of the behaviour set the tone of the organizational culture. The organization want to sustain success and cultural innovation so the organization takes lead in the intention, and communication to the wider organization, through the behaviour and involvement organization demonstrates the commitment to innovation. Innovation is a significant factor for any organization to achieve advantages. Innovation helps the organisation to stay alive in the long run (Tajeddini, et al 2020). Proper training, resources and skills and empowerment and motivation to the employee are the elements of the innovation that help to bring quality products and innovation to the organisation. Innovation is considered a key success factor for the survival and performance of the organization. Innovation is the main pillar and an important driving force of any organization. Different organizations use different types of innovation such as architectural, disruptive, incremental and radical innovation. Architectural innovation is overall technology and skills applied in different markets. It is increasing new customers in the new market. Disruptive innovation is the stealth innovation that involves new technology and processes in the company’s current market. Incremental innovation is a common innovation that utilizes the existence of technology and increases the value of the customer. Radical innovation is mostly considered innovation it brings new industry and creates a revolutionary technology (Anning-Dorson, et al.,2017). The organisational culture supports innovation which is simply the way the organisation is work. The city of London college should involve innovation that creates a shared and understanding of innovation.  

Embedding the values of innovation into the organisational leadership and culture

The value of innovation is defined as something new in advance or ahead of the times. In the organisational culture innovation process is usually focused on the performed within the strategy, services aspects or other business development issues. Cultural innovation is required in some structures to guide decision-making and ensure the activities of the organization and help to reach the business objectives. Innovation is important for organizational leadership in that employees share the company’s passion and vision. The city of London college should value the innovation of the leadership to it will concern with getting credit for the employee's ideas and accomplishments and focused on the guidance to achieve the company’s goal. Innovation can help the City of London college to discover new markets instead of competing with the other companies the organization should try to win the new market or sub-markets. The new building by the college can be used by the organization for the study of the art which is one of the significant factors. The culture marked the City of London college to deal with the different organisations and make a smoother professional journey with the ambitions and practitioners of the business life (Anning-Dorson, et al., 2019). However, in order to achieve the goals, the culture and the employees working with the organisation are trained to the employee for a collaborative working format. The culture of the organisation always relates to the employee's conduct and collaborative teamwork. The culture innovation is an organisational is value to support the innovation so that the employee can actually make innovations around the organisation.  The application of the independent study is one of the key factors related to the enhancement of the students as well as the development of the teachers also. The organization field the technology or smart technology through the innovation. Innovation is the ability to innovate a high mixed team consisting of both men and women in different groups and backgrounds. Many organisation uses the possibilities of networking for development innovation. Involving the customer's tests from external sources can be increased the opportunity for innovation. The city of London college should involve innovation that creates a shared understanding of innovation. It also help to create a work environment of the London college that supports the creativity of the innovation.  Innovation can help companies grow in order for the organization to become more successful and profitable. The city of  London college should involve innovation to keep the organisation relevant. Cultural innovation is required in some structures to guide decision-making and ensure the activities of the organization and help to reach the business objectives. Innovation is important for organizational leadership in that employees share the company’s passion and vision. Cultural innovation is required in some structures to guide decision-making and ensure the activities of the organization and help to reach the business objectives. Innovation is important for organizational leadership in that employees share the company’s passion and vision (Villaluz and Hechanova 2018.). The city of London college should value the innovation of the leadership to it will concern with getting credit for the employee's ideas and accomplishments and focused on the guidance to achieve the company’s goal

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