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Lesson 04 - Discussion

Lesson 04 - Discussion

Q Four ways to innovate in a business model are eliminate something that the industry has traditionally done, reduce something below the industry standard, raise something above the industry standard, or create something the industry has never done. Every component of the business model is open to innovation. Provide at least two examples of companies that have innovated using the above. Discussion Requirements: 1. Your initial post should be at least 200 words, written in APA style with a reference supporting your position (due by Saturday at 11:59pm each week). 2. Read, evaluate and compose a substantial in-depth response to at least two of your peers (these must be posted on two different days-- due by Tuesday at 11:59pm). 3. Correct grammar, spelling, and punctuation are expected.

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Walmart Inc. has innovated by ensuring that product-quality and product-diversity have been raised (Randhawa et al., 2020). There have been services like delivering customers with their desired products within the same day of online orders (Randhawa et al., 2020). There have also been lowest prices facilitated for customers by innovating processes of obtaining and using raw materials (Randhawa et al., 2020). The quality of the products of Walmart Inc. has been such that customers of different income-groups can be able to purchase products of the organization without having too much difficulty. The diversity of the products is also remarkable for Walmart Inc.