Theo and Yusuf's business discussion Padlet by Theo Thomas https://padlet.com/theothomas2/zsehaa1hzf8ks83i Made with swagger en-us 2020-11-08 17:44:21 UTC 2020-11-13 15:54:37 UTC hello@padlet.com Renovation is a constant improvements that are of little stature in order to improve the appeal of the products or services the business is selling. Innovation often involves big changes in the companies selling of products this means that the things that change in the business will be of greater stature as a reaction to what has occured within the business. https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920565672 2020-11-13 15:45:32 UTC https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920565672 This will allow costumers to sell their used furniture for store credit to buy more furniture this will allow IKEA to obtain more costumers as the discounts will promote shopping thus appealing to both internal and external stakeholders. https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920577083 2020-11-13 15:47:56 UTC https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920577083 Dunkin innovated as it made new products availabe that were not before available due to the interest of the market. https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920586774 2020-11-13 15:50:05 UTC https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920586774 They aim to obtain larger sums of money and greater amounts of interest from the costumers that are in the company. By understanding what the costumers want they innovate and rennovate in order to improve what they sell or how they sell. https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920589736 2020-11-13 15:50:43 UTC https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920589736 This will allow companies to understand better what people like. Once they understand what people have interest in you will be able to sell products based of what they like hence teh flixibility allowing more profits. https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920594087 2020-11-13 15:51:42 UTC https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920594087 They are using the big parking lots as outdoor stores in order to promote healthy shopping and allow people to feel safe which will increase the amount of costumers to come to their store and thus whne the costumers come they will obtain more profit. https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920603466 2020-11-13 15:53:48 UTC https://padlet.com/theothomas2/zsehaa1hzf8ks83i/wish/920603466