Innovation Opportunities of Product

Question: Describe innovation opportunitiesof a product. Answer: Innovation Opportunities An innovation can be fundamental or implemental. An implemental innovation is the variation of existing products or an innovative way of distributing products. These types of innovations are the most widespread ones in franchisees. The innovation that takes place in a fast food restaurant is fluctuates depending on the proportion of the franchisees as compared to that of the company owned stores. The fast food restaurant in Dubai requires innovative capabilities as the taste of the consumers are changing over time (Ledoux et al., 2015). Being a newly appointed manager, the innovation which I would like to bring about in a fast food restaurant in Dubai will include the introduction of a new burger as well as the replacement of the grills. The new grills will be the part of the new cooking concept where the slim food approach will be widen into a gourmet way. The innovation will also include the installation of sunshade outside the serving area since Dubai is a warm area. An innovation will also include a concept where the customers can use their phones or tablets to build their own burgers with bacon, guacamole or jalapenos toppings. Entrepreneurial Skills The fast food restaurant will face challenges despite of keeping a low budget menu. The entrepreneurial skills should posses the following qualities: The delivery system should be managed in such a way that items on the menu cards are easily available to the customers. The transaction should e carried out in such a manner that it should take less time and this in turn should make more money. The menu items which will take too long to get prepared should be discontinued. The entrepreneurial skills should also include the minimization of waste and the maximization of revenue. The low profit margin needs to be offset. The discard track should be improved and goals need to be set. The successful entrepreneurs need to understand the area in order to avoid the catastrophic mistakes. The entrepreneur generally experiment ideas in low risk surroundings (Lee et al., 2016). Challenges and Solutions of Employees There are many challenges that are faced by the fast food industry. The challenges are related to wrapping, pricing, shipping as well as traceability. The challenges also include generating a reliable distribution system, organizing cost fluctuations and customer choice, and keeping food clean, fresh and reasonably priced all challenge the business every day. Each passing day there are large quantities of food that are thrown out of the nation at every level. This in turn adds to the cost and reduces the availability of fresh food. Even, the fast food restaurant needs to justify the taste of the costly fruits which includes strawberries as well as avocados and asparagus. While making a fresh food and not the canned products, the fast food restaurants will either suffer a big loss or earn a huge profit. As far as solutions are concerned with the above challenges, it is very important to connect with the network capability and track and trace the logistics. The food must be kept clean and healthy so that the customers do not fall ill. This can be done by making the food in a safe ad hygienic place. Building Trust and Sharing Risk Taking It is very important to be honest to build the trust with the customers, without following the contractual red tape. Being true to the word or by keeping the promise will make the fast food restaurant consistent, reliable and trust worthy. In order to run a business and also to make it successful it is very important to be honest and to avoid red tape. The fast food restaurant that will offer a superior product with an excellent branding will be able to gain the trust of the customers. It is very important to offer great food with great branding. It is very important to establish a genuine and strong voice. It is very significant to converse to the customers from a truthful place. It also very beneficial to bring contented to life. This in turn benefits the trade by creating an event or knowledge for the consumers that can force revenue and significance. References Events Page 3 Web Release. (2016). Web-release.info. Retrieved 18 May 2016, Ledoux, T., Adamus-Leach, H., O'Connor, D. P., Mama, S., Lee, R. E. (2015). The association of binge eating and neighbourhood fast-food restaurant availability on diet and weight status.Public health nutrition,18(02), 352-360. Lee, C., Hallak, R., Sardeshmukh, S. R. (2016). Innovation, entrepreneurship, and restaurant performance: A higher-order structural model.Tourism Management,53, 215-228. Nash, K. (2016). 10 Ways Tech Is Making Fast Food Personal. CIO. Retrieved 18 May 2016, Why Building Trust Should Be Your Top Business Priority. (2016). Business 2 Community. Retrieved 18 May 2016,