UOP ORG581 week 3 Innovation Report

The company you previously selected in your Week Two assignment wants to push innovation to a higher level by increasing investment into new and innovative products. They want you to become their counselor and justify their investment.

Write a 1,050- to 2,300-word paper that will encompass how the innovation motives and obstacles listed below will impact the future of the company. Complete your paper according to the following criteria:

• Explain at least five of the following motives for innovation:
• Ability to obtain new financial sources
• Competitors
• Product life cycle
• New needs of a customer
• Regulations
• Sustainable development
• Changing/shifting demographics
• Social consciousness
• Demographics
• External/internal environment

• Explain each of the following obstacles:
• Risk
• The project itself
• Uncertainty
• External and internal environment
• Company itself

• Justify pushing innovation to a higher level. Specifically explain how pushing innovation and technological change to a higher level will affect the company you selected.
• Evaluatethe best innovation process to implement based on the innovation motives and obstacles you have identified for the company.
• Recommenda strategy the company can implement to create a culture for innovation.

Citeyour research and format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.