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BTEC Business Unit 4 - Assignment 1 (*Distinction*)
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Complete Saxon Fields Theme Park Ltd NOTES for Unit 6 Principles of Management 2024 Exam! RATED A+
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Innovation & Enterprising of VolkswagenHow business can be more Innovation is useful to a company such
innovative? as Volkswagen as they have had
Innovation problems recently and if they want to
Over the last decades, innovation and get back the confidence of their
Innovation generally refers to changing creativity have become critical skills for customers they’ll need to develop
processes or creating more effective achieving success in developed something new, something clean, that do
processes, products and ideas. For a economies, and creativity goes hand in not hurt the environment and neither the
business to retain or grow its market hand with innovation as there is no people on the street. They need to
share, the role of innovation and innovation without creativity. develop something that gets the
enterprise is vitally important. Being
attraction from other people that has
innovative does not only mean New ways of increasing business
never bought anything from
inventing. Innovation can mean efficiency or improving profitability is a
Volkswagen. Also, they could develop
changing your business model and way that businesses can be more
something new from their old cars such
adapting to changes in your environment innovative. Improvements to business
as the park assist which will make the
to deliver better products or services. can increase productivity, cut costs and
car park itself, cleverly steering into the
improve profitability.
One of the keys to any successful tightest of spaces at the touch of a
business is being able to come up with Another way to be more innovative button, and all you have to do is work
new ideas to keep operations, products could be by getting to know the people the pedals.
and services fresh. That’s why you’re working with, and encourage
encouraging the employees to think everyone to interact with each other on
outside of the box and giving them time any pretext. The more you hit the rocks
and resources to explore new areas for together, the more sparks there are going
innovative ideas is the key to cost- to be. So, by doing this they will create a
effective business solutions. While strategy in order to develop new
creativity is the ability to produce new products. And by doing this you’ll need
and unique ideas, innovation is the to focus on the detail, as it comes from
implementation of that creativity. minute attention to every aspect of the
product.
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