Business Planning for Innovative Ideas

Abstract

The concept of innovation includes new processes, services and products that aim to meet different criteria or address the needs of people in a better way. Innovation is a vital factor of corporate growth in order to keep ahead of comptitors. In terms of digital innovation, new business concepts and plans are based on e-databases and online sales and purchasing for buyers and dealers in new and used products. The innovation discussed here represents an online service for customers that will help sell used items such as cell phones, televisions and other electronic devices as well as vehicles and household appliances through online advertising. The database will enable customers to buy and sell used products and devices at reasonable prices. As a result, the proposed inventory service can be used by sellers and buyers to provide a specific service for the collection of used products.