Question

Provide examples (brand name and few sentences for explain) of innovations for each of the 10 areas of innovation.(Management) need it asap!!!

1. Business model. How does your company make money? These are innovations in the value proposition that a com pany provides its target customers and in the way it delivers value to its customers 2. Networks and alliances. Can you join forces with another company or entity for mutual benefit? A company may forge a synergistic relationship with another organization in which each company's strengths complement the other 3. Organizational structure. How do you support and encourage your employees' creative efforts? The most effective organizations use an appropriate structure and culture to align their talent to spark innovation 4. Core process. How does your company create and add value for customers? These innovations in a company's internal processes result in superior business systems and work methods that result in benefits for customers Product or service performance. What are the most im- portant features and functions of your company's products or services? Innovations in functions and features can give a company's product or service a significant edge over those of competitors 5. 6. Product system. Can you link multiple products into a system or a platform? Bundling products can add value for customers. 7. Service. How do you provide value-added service beyond your company's products for customers? Some of the most successful businesses set themselves apart from their competition by providing unparalleled customer service 8. Channel. How do you get your products or services into customers' hands? Some companies provide extra value to their customers by making their products and services available in many venues 9. Brand. What is your company's "identity" in the market- place? Successful companies use creative advertising, promotion, and marketing techniques to build a desirable brand identity with customers

Answer 1

1) suppose i have a cosmetic brand called ' beautification ' then i will advertise my product as much as possible to make my product stand out as compared to my rivals. i will take extra care about pricing my products and package and quality will be of prime importance.

2) networks and alliance is also a way to increase sells. like now a days most of the companies are alligning with the delivery companies and payment networks like paytm, phone pay, amazone pay etc and attach extra offer to it to promote there product and make it stand out.

3) to encourage the employes more incentives will be given like holiday package as reward for good work and good accomodation and transportation facility are good incentives to encourage the employees.

4)the core processes of my company focuses on the consumer demand. what the consumer wants from my product and what quality i can provide taking into consideration the price consumer is ready to pay for it. new formulas for my cosmetics will be created to assist different types of consumers.

5) the important work performed by my product is making people beautiful and help them groom. the new types of product are being lunched according to customer demand and it provides good skincare facility and beautify the customers.

6) yes multiple products can be added together.for example my company is producing skincare as well as beauty products like face wash face scrub and also body lotion and cleanser and mosturiser which are all essential for skin. so using one brand product for skin helps better.

7) we provide 24/7 customer care service. if customer has any query regarding any of the product they can contact and there problem is being solved within 24-48 hours.

8) to reach our product to customers we use different delivery channels for those who order online and for those who want to buy it from store the availability is not an issue at all.