Innovation is often about improving an existing product, service, or process. For this assignment, select an innovation introduced or developed within the past three years that interests you or the industry in which you work. For example, an innovation in charging devices using magnetic connections improved charging products.
Your innovation might be:
- A new product, service, or technology relevant to you and your career.
- An improvement to an existing product, process, or operational strategy connected to the job or industry you work in or are interested in working.
Framing this assignment around your intended career path will ensure your analysis is meaningful and directly tied to your career goals.
Assignment Preparation
Select an innovative product or service introduced or developed within the past three years. Your selection must meet the following criteria:
- It must be recent, developed, or introduced within the past three years.
- It must represent a meaningful improvement or advancement. If you choose an existing product, service, or process, focus on an innovation that improves or enhances it in a significant way.
- It must be relevant to current industry challenges or trends. Avoid well-established innovations with minimal recent updates.
You will use your selected innovation for your assignments throughout this course.
If your current organization or career goals are not represented, review the Web Exercises in zyBooks. Each Web Exercise includes a case study that may work for you as the basis of your assignments.
Assignment Deliverable
Write a 350- to 525-word summary of the selected innovation. Include the following:
- Describe the innovation: What is it, and what problem does it solve?
- Identify the source of the innovation: Where did the idea originate, and what drove its development?
- Explain the type of innovation: Is it technological, product-based, service-oriented, or process-focused?
- Describe the purpose of the innovation: Why is it important to the company, industry, or users?
- Explain the expected impact on performance: How could this innovation improve the companys operations, growth, or sustainability? Use specific examples or data to support your analysis.
Cite credible sources to support your assignment.
Format references according to APA guidelines.
Submit your assignment.
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