explain the importance of innovation in your selected business's vision, mission, and values, business and finance homework help

User Generated

Cebs_Cnexre

Writing

Description

Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected business's vision, mission, and values, and determine your business model for this new division. Include the following:

  • Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure that you are differentiating your product or service.
  • Describe how the division addresses customer needs and achieves competitive advantage.
  • Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.
  • Explain how the vision, mission, and value of the new division align with the company's mission and vision.
  • Summarize how the vision, mission, and values guide the division's strategic direction.
  • Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

Format your paper consistent with APA guidelines.

Introduction, conclusion, and reference page needed.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Answer outline to Business Innovation





Abstract
Introduction
Discussion
Conclusion


Running head: INNOVATION IN BUSINESS

1

Innovation in Business
Name
Institutional affiliation

INNOVATION IN BUSINESS

2

Abstract
Creativity and innovation is becoming the most important skill that entrepreneurs need to have in
order to achieve success in the ventures. The need to solve problems in a more creative manners
has become part of the issue that need to be addressed by the management through innovative
insights aimed at achieving the best fit solutions.

With innovation it means coming up with

new products and services that offer solution to emerging problems. Innovation is driven by the
ability to look at things in a totally different perspective. With innovation it becomes the surest
way to success and ensure that the business continues to face the stiff competition in the industry
(Kim & Min, 2015). For customers they are always looking for unique ideas in products and
services which is the makes business ventures to continue to exist. Innovation is very important
in achieving a competitive edge and it is for this reason that I will be addressing the need for
innovation in my business’s mission, values and visions in my new division.
Introduction
As consumers continue to increase there is the increased demand for adapting health eating
habits and adapting a generally health life. My business is based on providing the customers with
the best grocery foods in the market. With health issues such as diabetes and ageing having
increased with the onset of the new century more health issues need to be addressed straight from
the roots (Jolink & Niesten, 2013). The need to be healthy starts with what an individual eats and
as the world health organization recommends is that eating organic foods increases ones chances
of living a life free from chronic diseases such as diabetes (Niva, 2007). It is a fact that the
demand for food is high than the supply which means that food need to produce in massive
amounts but what people forget is the choice to adapt to organic food. With facts mentioned it is

INNOVATION IN BUSINESS

3

clearly ...


Anonymous
Really helpful material, saved me a great deal of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags