Reference no: EM132900712
Matador Tank
Innovation can be a significant contributor to an organization's success. In the past decade, we have seen a number of innovations that have transformed transportation (Uber/Lyft), entertainment (e.g., Netflix, Hulu, etc.), shopping (Amazon, Walmart, etc), and so on.
Although there are many innovations that do succeed, there are even more that do not. There are many start-ups that fail. Here is one example: https://www.latimes.com/business/technology/la-fi-himi-apoorva-mehta-20170105-story.html (Links to an external site.)
As such, there is no bad idea. The purpose of this assignment is to make an environment to test an idea that you have to make improvements. The jobs to be done theory is a good model to use to explore new ways of doing things. Here is a video from the originator of that theory:
https://www.youtube.com/watch?v=sfGtw2C95Ms
You can also explore ideas on kickstarter, indiegogo, and Shark Tank.
Question: Come up with Ideas that can be large or small and can be a product, service, or some combination that includes porter's five forces analysis, inbound logistics, operations, outbound logistics, marketing/sales, and service.