ubmit Parts 1 and 2 of your evaluation of harnessing creativity and innovation to meet business needs, in which you address the following in a 5- to 6-page business solutions design document: Part 1: Laying the Foundation for Innovation Synthesize the business problem. Specifically: Describe the company in question, including how many people work there, the industry the company is part of, and what types of products and/or services the business offers. Explain the business problem, including what impacts the global crisis is having on how the business operates and its ability to meet customer needs and deliver its product(s)/service(s). Identify the company’s present internal strengths and weaknesses, as well as external opportunities and threats that the current crisis is presenting to the company. Appraise the company’s readiness to innovate, including how well the organization is set up to tolerate risk

The ever-changing world of business has taught us to never stick with one idea or approach, instead create and innovate for the future. This does not come easy for most organizations due to a lack of understanding and planning. According to10 companies that failed to innovate, resulting in business failure(Goh, n.d) “As the life expectancies of companies continue to shrink, organizations must be more vigilant than ever in remaining innovative and future-proofing their businesses”. Furthermore, organizations must develop a plan for creativity and innovation to foster within the organizations. This paper will supply a foundation for innovation, stakeholder consideration in fostering creativity and innovation, and lastly how organizations can bring it all together for success. The real-world organizational example will be a local cell phone accessory manufacture named HRWireless.com. Company: HRWireless.com HRWireless.com (Highest Rated Wireless) is a local cellphone accessory manufacture who is based out of Ontario, CA. The organization consists of 120 employees and 5 leadership positions. The organization’s marketplace or industry is manufacturing and DTC distribution. The organization supplies wholesale cell phone accessories ranging from Tempered glass to wireless headphones. They also supply DTC distribution for 15 major cellphone accessory brands including JBL, Scosche, Apple product, and Beats by Dre. Business Problem

Order this paper