{"id":16941,"date":"2024-02-02T16:33:09","date_gmt":"2024-02-02T05:33:09","guid":{"rendered":"https:\/\/onlineassignmentservices.com\/uk\/?p=16941"},"modified":"2024-02-02T16:33:09","modified_gmt":"2024-02-02T05:33:09","slug":"eae7502-b-innovation-management-report-assignment-help","status":"publish","type":"post","link":"https:\/\/onlineassignmentservices.com\/uk\/eae7502-b-innovation-management-report-assignment-help\/","title":{"rendered":"EAE7502-B Innovation Management Report Assignment Help"},"content":{"rendered":"

EAE7502-B: Global Technology and Innovation Management Report Assignment Help<\/b><\/h1>\n

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\"EAE7502-B<\/p>\n

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Question<\/b><\/h2>\n

EAE7502-B: This assignment constitutes a two-part report that is supposed to be submitted by the management studies student at the University of Bradford. The report incorporates an individual summary of the activities conducted in the seminar. Secondly, a 2000-word individual report also needs to be submitted exploring the sustainability challenges faced by a particular firm and the opportunities it presents to move towards sustainability in the present scenario innovatively.\u00a0<\/b><\/p>\n

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Solution<\/b><\/h2>\n

The solution comprises the above-mentioned two parts- an <\/span><\/i>Individual Summary, <\/i><\/b>and an extensively written <\/span><\/i>Individual Research Report. <\/i><\/b>You can read some parts of the complete report written by our experts below:\u00a0<\/span><\/i><\/p>\n

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PART A \u2013 INDIVIDUAL SUMMARY\u00a0<\/b><\/h3>\n

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For the first section of the assessment, our experts have structured the summary of each of the seminars in an organized weekly manner. This allowed for a demonstration of how the seminar activities helped in enhancing the learnings related to global technology and innovation management.\u00a0<\/span><\/i><\/p>\n

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Week 2 (Seminar) What is innovation<\/b><\/h4>\n

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In the second week’s seminar, the discussions on innovation and challenges related to communication issues that might arise in a particular organization are summarised and reflected to understand the learnings from this discussion.\u00a0<\/span><\/i><\/p>\n

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In this seminar, we discussed what are innovation and internal communication issues in an organization where people have conflicting preferences. The lecture also focused on why innovation is necessary and how innovation is done. In order to produce uniqueness, it was argued that innovation is a process that combines finances, technology, management, and science. A concept is first developed, and then it is commercialized through production, trade, and consumption (Kogabayev and Maziliauskas 2017). We also learnt that businesses must innovate if they want to sustain their competitive advantage over time (\u00d6berg 2017).\u00a0<\/span><\/p>\n

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Stuck with your Innovation Management Assignment Help? Let our highly skilled experts make this report writing easier for you- <\/i>onlineassignmentservices1@gmail.com<\/i><\/a>.<\/i><\/span><\/strong><\/p>\n

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Week 4 (Seminar) Social Innovation<\/b><\/h4>\n

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The seminar activity of week 4 was based on studying the phenomenon of social innovation and how this becomes a crucial step in the success of any organization.\u00a0<\/span><\/i><\/p>\n

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In this seminar, we studied social innovation. We learnt that social innovation is a process of change in which existing resources of an organization are innovatively recombined to accomplish socially acknowledged goals in a novel way (Manzini 2014). As the lecture continued, we realized that organizations need to use their human resources and social environment to remain successful because businesses do not function in a social vacuum and future revenues rely on how the firm influences its social environment<\/span><\/p>\n

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Week 5 (Seminar) First Mover vs Fast Follower\u00a0<\/b><\/h4>\n

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In the following section, next week’s seminar activity summary is provided which revolves around the strategies of first-mover and fast-followers.\u00a0<\/span><\/i><\/p>\n

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In this seminar, we deliberated on the first-mover and fast-follower strategy. We learnt that the firms can benefit from a first-mover strategy as it creates strong entry-level hurdles for rival businesses and companies can utilize technology to completely change how it now operates and thus deliver improved service at a considerably lower cost. Further, we learnt that there is no first-mover advantage when the abilities and knowledge of the first-mover are easily replicable and customer switching costs are not significant (Sammut-Bonnici et al 2015).<\/span><\/p>\n

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Week 6 (Seminar) Pros and Cons \u2013 Open Innovation\u00a0<\/b><\/h4>\n

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For week 6, a summary of the debate on the strengths and weaknesses of open innovation is remarked on by our experts through the appropriate use of evidence from relevant literature as well.\u00a0<\/span><\/i><\/p>\n

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In this seminar, we studied about pros and cons of open innovation. We learnt that open innovation transfers research-based knowledge to production in order to produce a finished good and hasten the spread of technology. Besides, we came to know that Research and Development (R&D) expenses are reduced in open innovation because research is conducted cooperatively and with the aid of other partners rather than investing time and money to assure only organizational capability (Ullrich and Vladova 2016). However, as the lecture proceeded, we realized that open innovation can also lead to several challenges for firms. We realized that open innovation calls for the supply of a wide range of resources, which entails costs related to their timely procurement, which leads to economic and financial difficulties (Galabova 2022).\u00a0<\/span><\/p>\n

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Week 10 (Seminar) Green Innovation Strategy\u00a0<\/b><\/h4>\n

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The last seminar activity of the individual summary is based on the green innovation strategy. You can read a part of the complete summary below:<\/span><\/i><\/p>\n

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In this seminar, we understood about Green Innovation Strategy (GIS). We learnt that when compared to alternative practices, GIS results in a reduction of the environmental effect on products (goods and services), processes, marketing strategies, organizational structures, and new or enhanced institutional arrangements. This might take the form of subtle adjustments or drastic alterations that are made throughout the production process or offered as a product to final consumers (Abadzhiev 2022). Additionally, we came to realize that GIS has mitigated the negative environmental effects done by businesses thus making sure that company operations ran smoothly and include environmental responsibility in business strategy (Alnaim et al 2022).\u00a0<\/span><\/p>\n

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\"Highly<\/p>\n

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PART B – INDIVIDUAL REPORT\u00a0<\/b><\/h3>\n

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The second part of this Management assignment consists of a comprehensive report on the sustainability-related challenges and opportunities for Morrisons, a UK-based supermarket chain. This section is further divided into three sections- <\/span><\/i>Background of Morrisons, Sustainability-related challenges faced by Morrisons, <\/i><\/b>and lastly <\/span><\/i>Using the 4Ps framework to explore and identify opportunities for sustainability-led innovation in Morrisons.\u00a0<\/i><\/b><\/p>\n

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Background of Morrisons<\/b><\/h4>\n

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This section begins by describing a brief background of the organization to orient the reader to the company\u2019s situation.\u00a0<\/span><\/i><\/p>\n

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Wm Morrison Supermarkets, popularly known as Morrisons, is UK\u2019s fourth-largest supermarket chain. William Morrison established it in 1899, thus the acronym Wm Morrison. The core purpose of the organization is to create and deliver quality food at affordable prices so that people can have a healthy diet (Morrisons 2023). The business is a Yorkshire-based food retailer serving clients throughout the UK with its comprehensive network of 497 conveniently situated supermarkets, along with a number of online home delivery mediums.\u00a0<\/span><\/p>\n

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Sustainability-related challenges faced by Morrisons\u00a0<\/b><\/h4>\n

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In this next section, our experts have highlighted the challenges that accompany Morrisons and the aspects that the company needs to consider concerning the regulations related to sustainability.\u00a0<\/span><\/i><\/p>\n

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The UK government established Single Use Carrier Bags Charges in which retailers are charged 5p to 10p per plastic carrier bag (Centre for Public Impact 2016; CMS 2023). Complying with the law Morrisons declared abolished the use of single-use plastic bags in 2017 and adopted paper bags in all supermarket chains and home delivery. (Morrisons 2023). However, the initiative has been criticized. The UK Environment Agency discovered that paper carrier bags have more global warming impact than plastic ones during the course of their manufacturing, usage, and disposal and are only useful if they are reused four or more times, which is not possible as paper bags are less durable (Vaughan 2018).\u00a0<\/span><\/p>\n

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Using the 4Ps framework to explore and identify opportunities for sustainability-led innovation in Morrisons<\/b><\/h4>\n

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This is the last section of this assignment. Our experts have further divided this section into three parts- <\/span><\/i>Opportunities to cut costs or grow the business, Mapping the opportunities using the 4Ps framework, Highlighting the key \u2018do better\u2019 (incremental innovation) and \u2018do different\u2019 (radical innovation) options, and Highlighting the potential challenges in implementing the suggested \u2018do better\u2019 & \u2018do different\u2019 strategies.\u00a0<\/i><\/b><\/p>\n

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Opportunities to cut costs or grow the business<\/i><\/b><\/p>\n

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This section presents the opportunities that are evident for Morrisons and how the company can foster these opportunities for successful growth.\u00a0<\/span><\/i><\/p>\n

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Morrisons has set an ambitious goal of achieving net zero carbon emissions from its activities like food sourcing, manufacturing, transportation, and selling, by 2023. (Morrisons 2023). There could be several opportunities for Morrisons to cut costs or grow the business to innovate sustainably and reduce its carbon emissions by using the 4Ps framework.\u00a0<\/span><\/p>\n