Assignment Task:

Questions

1. How do you define innovation? Something different that has an impact.
2. Why is innovation so important? The “new normal” of constant change requires mastering perpetual transformation.
3. How do you spot opportunities for innovation? Go to the source: the customer you hope to target.
4. How do you know if your idea is good? Let patterns guide and actions decide; remember Scott Cook’s advice that “for every failure we had, we had spreadsheets that looked awesome.”
5. Which customers should we target the innovation? Look beyond your best customers to those who face a constraint that inhibits their ability to solve the problems they face in their life.
6. Why is innovation so hard? Most organizations are designed to execute, not to innovate.
7. How do you encourage innovation in your organization? Stop punishing anything that smells like a failure, recognizing that failure is often a critical part of the innovation process.
8. How should you form and manage innovation teams? Keep deadlines tight and decision-makers focused.
9. What is in a good innovation strategy? Overall goals, a target portfolio for innovation efforts, a mechanism to allocate resources to achieve that portfolio, and clearly defined goals and boundaries for innovation.
10. What is the best way to manage an innovation portfolio? Make sure you correctly capture current activities and measure and manage different kinds of innovations in different ways.
11. What role should senior executives play in innovation? A big one.
12. How can I personally become a better innovator? Practice – innovation is a skill that can be mastered.
13. How can I find more resources for innovation? Shut down “zombie projects” that are a drain on corporate resources.
14. How can we more quickly turn good ideas into good businesses? Remember what Edison said – genius is “1% inspiration and 99% perspiration;” get ready to sweat.

Research problems 

1. Meriton is not seen adopting novel technologies of the 21st century. 
2.As newer technology is being initiated but the problem is that everybody is not proficient in utilizing such innovation in their work environment.
3.No doubt, innovation can change the fate of the hospitality industry, yet numerous innovative conversions are getting challenging to implement. The plans and the drive for the change can be striving, but the implementation was seriously deficient. Innovation can be; 
a. Challenges of the management, 
b. Challenges with the organizational environment
c. Challenges within organizational hierarchical structures.

Research questions
1. Is Meriton not being updated with the latest technological advancement because financial resources are limited?
2. How can innovation be handy and convenient for all the employees as well as customers?
3. Simply planning innovation seems stimulating, exciting and easy-going, is the implementation and execution part as simple as expected?

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  • Uploaded By : Clay
  • Posted on : February 28th, 2019

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