Successful Innovation for Sam’s CLUB and Failed Innovation for Carrefour

Description

This assessment is a comprehensive case study designed to illustrate your understanding of innovation in real-world business contexts. It comprises three integrated parts:

Part 1: Reflection of innovation (500-1000 words)

Consider what it means to be innovative within the business context:Personal Definition of Innovation: Craft your own concise definition of innovation (max. 50 words).Reflection and Expansion: Justify and expand upon your definition, drawing on course content, personal experiences, and at least four academic and industry references. Discuss how innovation manifests in organizational culture and practices.

Part 2: Analysis of Past Innovations (3000-3500 words in total)

Having considered what it means to be innovative, use past innovations to discuss how businesses have been innovative.

1. Successful Innovation Case Study: Select a successful innovation. Analyse the factors that contributed to its success, including:In 1-2 sentences, describe how you define a ‘successful innovation’.Briefly introduce the innovation, its origins, and its value proposition.Critically consider the reasons behind its success such as:

• The strategies and processes used to develop and implement the innovation.
• The (internal) leadership, culture, and organisational factors that supported the innovation.
• The (external) factors that played a role.

Discuss the key lessons learned, and how these insights can help businesses achieve similar results in the future.

2. Failed Innovation Case Study: Select a failed innovation. Analyse the factors that led to its failure, including:In 1-2 sentences, describe how you define a ‘failed innovation’Briefly introduce the innovation, its origins, and its value proposition.Discuss the flaws that lead to the failure, such as:

• The original idea,
• Market misjudgement,
• Technical limitations,
• Inadequate planning, execution, or resource allocation,
• Organisational barriers, resistance to change, or lack of support.

Discuss the key lessons learned, and how businesses could avoid failing in the future.

Please note – Your analysis for each section should include at least 2 tools.

Part 3: Personal Recommendations for Enhanced Innovation (500-1000 words)

Based on your reflections and analysis in Parts 1 and 2, identify a set of practical recommendations for how you could improve the chance of success. This should include:

1. Individual-Level Recommendations:

• Identify specific skills or knowledge an innovator could develop to enhance your innovative capacity.
• Identify specific strategies an innovator could use to foster a more innovative mindset and approach within their business.

2. Organisational-Level Recommendations:

• Identify essential elements within innovative businesses.
• Identify leadership behaviours or initiatives that could promote a more innovative environment.

Additional Notes:To do well, integrate all three parts into a single, cohesive piece of writing.Balance personal experience with professional/academic sources. (15 references minimum).Adhere to university guidelines on referencing, academic integrity, and the ethical use of AI.Refer to the marking criteria for detailed expectation.

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