Discussion: Business Strategy Formation Case Study: The Role of Innovation
Innovation represents an opportunity for business professionals to take their organizations to new levels and achieve further success. By using innovative ideas to drive business strategy, leaders can more effectively capitalize on existing strengths and opportunities. For organizations like Procter and Gamble (P&G), innovation can come from a variety of sources, but each creates a complex system of knowledge and success.
To prepare for this Discussion, read the article, “The Business of ‘behaviour change’: Analysing the Consumer-oriented Corporate Sustainability Journey of Low-temperature Laundry” by J. Mylan and the organization P&G, and consider the development of a business strategy and the role that innovation plays in doing so. Further, consider the potential implications of adapting innovative business ideas like P&G in different countries and industries throughout the world. As a global change agent, be sure to utilize scholarly, peer-reviewed resources from the Walden Library to support your research.
By Day 3
Post an analysis of the role of innovation in business strategy development within a global context. Your analysis should include the following:
A description of P&G’s innovation, including the underlying strategy and specific context for its current success
An analysis of the impact of geographic location and surrounding business communities on innovation and strategy development
As a global change agent, explain the importance of researching global implementation of innovative business ideas or strategies from the research literature. Be sure to include relevant scholarly examples of successful or unsuccessful global implementations and how they can further influence the understanding of innovation as a component of business strategy.
Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and at least one additional scholarly source.
Refer to the Week 2 Discussion Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work.
Read a selection of your colleagues’ postings.
By Day 5
Respond to at least two of your colleagues’ postings in one or more of the following ways:
Compare your initial posting with that of your colleague, including insights on innovation as a component of business strategy in a global context.
In what ways do you agree or disagree with your colleague on the global implementation of P&G’s innovative ideas, and how can this enhance or expand on your evaluation?
Provide a suggestion for an additional example from your research on the role of innovation in business strategy development to better support your colleague’s posting, including a rationale for your suggestion.
Please note that, for each response, you must include a minimum of one appropriately cited scholarly reference.
Return to this Discussion in a few days to read the responses to your initial posting. Note what insights you gained as a result of reading the comments your colleagues made.
Submission and Grading Information
Do you want your assignment written by the best research essay tutors? Then look no further. Order Now, and enjoy an amazing discount!!