Innovation Management Business Capstone Project

Question: Discuss about the Innovation Management for Business Capstone Project. Answer: The organic business is considered as one of the unique business in the field of the small scale as well as medium scale industries. From the vast topic of Horticulture industry, the small organic product making organization is selected. The business topic selected for the research is the organization named as the Belle lens Grampians Organic, which works on the small level for making the organic products. This organization is considered as the small scale industry and also helpful in providing the innovative aspects related to the organic products. (Victoria State Government, 2016). The significance of the topic is that with the help of this topic, the production issues can be identified on the wide level. The research questions are defined below: - What are the major reasons of the inappropriate production in the organization? What attempts should be taken to eradicate the issues related to the production. Research Methodology According to the survey conducted by the ABS (Australian Bureau of Statistics), it is possible to produce the maximum variety of vegetables like tomato, potato and other green vegetables (Horticulture Innovation Australia, 2016). These all are included in the category of the organic products. In fact, these organic vegetables are distributed in the near area of Melbourne. There are various research methodologies which are introduced for identifying the suitable aspects related to the organization. The selection of the suitable research methodology matters a lot. If the research methodology is not appropriate, then it wont be possible to manage the developmental aspects (Grampians Produce official website, 2016). The research methodologies are divided into two major aspects which are known as qualitative research methodology and quantitative research methodology. Both of these methods are suitable for the research methodology. But, the most appropriate methodology is identified from two of them. In reference to the research work (i.e. Horticulture industry), the most suitable methodology is the quantitative research methodology (Turnbull, 2006). Through this methodology, the data can be collected from the various sources and can be defined in an easier manner. In fact, this methodology will also help in providing the advanced research work for the development of the horticulture business. Methods of data collection The data collection is a method by which an appropriate data is collected for creating the suitable research. The data collection or sampling technique is considered as the most suitable aspect by which, the data may be collected and used for the suitable processing. The data which is composed can be collected on the basis of the interview, by creating the suitable questionnaire and by taking the samples from the different categories. The data is mainly collected from the consumers, retailers, stakeholders and the owners of the small horticulture industry (i.e. Bellellens Grampians Organic) (Austin, 2016). Further, the method used for the data analysis is the primary data analysis in which the proper questionnaire will be prepared to identify the major issues related to the horticulture industry in Melbourne, Australia. Data Analysis Data analysis is the process by which an appropriate analysis of the current data can be done in an appropriate manner. In the current scenario, the analysis report will be helpful in showing the major aspects related to the small scale industry. For presenting the views related to the data, the two methods are taken into considerations which are known as the primary data analysis and the secondary data analysis (EdX Inc., 2016). The primary data analysis is considered as more suitable in comparison to the secondary data analysis because with the help of primary data analysis, the complete reviews and the feedback from the selected sample can be taken easily. The questionnaire for the primary data analysis is shown below and the sample is identified by 100 people Questionnaire What are the major aspects in selecting the organization (i.e. belle lens Grampians Organic)? Turnover Management aspects Appropriate Production System Other What are the major reasons for the production issues? Employee dissatisfaction Lack of resources Inappropriate production system Others What are the major problems which are faced by the production team while making the products? Financial problem Absence of raw material Lack of guidance Other What are the major steps which should be considered to improve the existing situation of the production in the organization? By providing suitable training By providing funds from government By assisting the employees Other Has the organic business contributing in the small scale business industry in Melbourne, Australia? Agree Disagree May be or May not be Others Other than the primary data analysis, the secondary data is also considered as important. Though its not appropriate in the current scenario, but it may help in defining the suitable data which is available on the internet. In fact, there are various journals and the articles defined for showing the aspects related do the organic product making organization (i.e Bellellens Grampians Organic). The articles and the journals are also able to define the different methods and processes related to the horticulture (Farmhouse Direct , 2016). Steps and Target Dates For conducting the suitable procedure, it is essential to set the appropriate milestones for the further development. The research topic defines for the discussion carries various steps .These milestones will be helpful in defining the initiation and the ending of the project in the suitable manner. The steps related to the completion of the project are shown below. On the basis of these steps, the appropriate Gantt chart has also been drawn which is helpful in providing the diagrammatic assistance to the project completion. Firstly for the research aspect, the problem statement and the research question are being analyzed. As the research aspect is related to the organic industry which is the sub topic of the Horticulture industry, so for this, the suitable problems and the research questions will be identified. This is the most important step in the research process. The second step is related to the identification of the suitable methodology which is helpful in deciding the appropriate methodology for the research work (i.e. Qualitative and quantitative). In the third step, the suitable methods of data collection are defined. The data collection should also be in an appropriate manner, so that the generation of the output can become possible. The fourth step mainly implies the analysis of the suitable data. The data analysis will be helpful in providing the output as per the requirement of the research work. The analysis may also help in solving the issues related to the problem statement. Finally, the questionnaire and the Gantt chart are drawn for providing the suitable steps for the development of the existing research in the rapidly manner. To complete all the aspects defined above, the definite timeline should be decided. To complete all the targets, the specific timelines are decided which is helpful in calculating the total manpower and the financial efforts which are required in completing the whole process. The Gantt chart and the milestone are defined below with the help of the excel sheet. The completion time for the process is considered as two months. The primary mentor or the supervisor selected for the complete process is the different authors and the research work found out from the different articles and the journals adapted for the suitable literature review. Checklist The checklist is the most appropriate method to check the involvement of the major aspects used in the research work (P Edwards, 2008). Major Decision List Availability Identification of the problem Selection of the suitable methods for the research Research analysis and the questionnaire Explanation of the milestone Gantt chart Diagrammatic representation of the data Bibliography Austin, J., 2016. Innovation management. Innovation management, 11 February. EdX Inc., 2016. Data Analysis for your Business. Data Analysis for your Business. Farmhouse Direct , 2016. Bellellen Grampians Organics. [Online]. Grampians Produce official website, 2016. Grampians Produce: The finest regional fare. [Online] Available at: https://www.grampiansproduce.com.au/ Horticulture Innovation Australia, 2016. We invest in research using strategic co-investment funding. [Online] Available at: https://horticulture.com.au/research-strategic-co-investment/ P Edwards, 2008. A Useful Check List: Making Ethical Decisions , s.l.: s.n. Turnbull, A., 2006. Horticulture Natural Resource Management Strategy: Managing the environmental agenda for horticulture, s.l.: Horticulture Australia Ltd . Victoria State Government, 2016. Establishing a successful small horticulture enterprise. Establishing a successful small horticulture enterprise: Part A Principles and experiences, 28 January.