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Management - Advanced Manufacturing - Agribusiness and Food - Artificial Intelligence - Biotechnology - Report Writing Assessment Answer
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Management - Report Writing Assessment Answer
Assignment Task: Description Choose a recent (last 5 years) innovation from one of the following industry sectors: Advanced Manufacturing.; Agribusiness and Food Artificial Intelligence ; Biotechnology Cyber Security; Mining – (equipment, technology & services) Medical & pharmaceuticals; Renewable energy Social entrepreneurship; Virtual Reality Part A :- Analyse the unique value proposition of an innovation using a specific firm/company example. Detail the innovation’s benefits that differentiate its value offering from the customer / end-user perspective; the demand side of the value proposition.
- Distinguish and discuss the innovation type (incremental ...............radical).
- How does the innovation offer unique / or superior value over indirect or direct competitive offerings? Consider substitution threats to the innovation that may diminish the SCA.
- How may the value proposition be explored and applied further to enhance a competitive
- How has the innovative firm sought to exploit knowledge and capability developed through your example of innovative activity?
- Outline and discuss the business model used by the firm. How has the firm attempted to capture value from the innovation? -The supply side- (as chosen by you in Part A).
- How has the innovative firm used or not used innovation management principles in their organisational processes and systems?
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