Pearson Plc Report

ENTERPRISE AND INNOVATION:
PEARSON PLC REPORT
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Executive Summary
Pearson Plc is a British learning company that develops and sells learning and education content in various fields digitally and physically. The company exists in an industry that is going through some significant shifts in the form of advancement in technology (fourth industrial revolution), growth of middle class around the world and the subsequent demand for quality education, and the changing consumer behaviors who are suggesting to make learning experiences more personalized, measurable, and convenient for them. Surrounded by these drivers for innovation and change, the company adopts specific strategies by identifying areas in which future growth can lie. These areas include online and digital tools for schools and the education sector at large, learning apps, analyzing and filling the workforce skill gap, and providing accreditation and certification services to contribute to society by setting the same prescribed standard of educational quality.
Its products are diversified and include physical learning material distributed to institutions and corporations, plus digital material in videos and presentations. In addition to that, the company also runs programs to help the corporate employees reskill or upskill.
The report finds that the company has gained more sustainability across its business due to its strategy of dividing the business into five lines: virtual learning, English language learning, higher education, workforce skills, and assessments. Furthermore, the company's digital sales have increased consistently over the last five years, thus pointing to the fact that it has gained more competitive advantage during this time. All this can be attributed to effective innovation management, which is pursued aggressively. As a result, as the education sector adopts more technology and demand increases worldwide, Pearson Plc stands well-positioned to dominate the industry.
Table of Contents TOC \o "1-3" \h \z \u 1.Introduction to Pearson Plc PAGEREF _Toc77604850 \h 12.Drivers for Change and Innovation PAGEREF _Toc77604851 \h 22.1 Fourth Industrial Revolution PAGEREF _Toc77604852 \h 22.2 Growing Global Middle Class PAGEREF _Toc77604853 \h 22.3 Changing Consumer Behaviors PAGEREF _Toc77604854 \h 33.Innovation Pentathlon Framework PAGEREF _Toc77604855 \h 43.1 Strategy PAGEREF _Toc77604856 \h 53.2 Ideas Generation PAGEREF _Toc77604857 \h 63.3 Selection of Ideas PAGEREF _Toc77604858 \h 73.4 Implementation and Challenges PAGEREF _Toc77604859 \h 93.5 People and Organization PAGEREF _Toc77604860 \h 103.6 Outputs (Products, Processes, and Services) PAGEREF _Toc77604861 \h 104.Contribution of Innovation Management PAGEREF _Toc77604862 \h 114.1 Impact on Sustainability PAGEREF _Toc77604863 \h 114.2 Impact on Competitive Advantage PAGEREF _Toc77604864 \h 12Reference List PAGEREF _Toc77604865 \h 14
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2 Introduction to Pearson Plc
Pearson Plc is a British learning company established in 1844. The company acquires, develops, and sells learning content to educators, institutions, corporations, and students worldwide. In addition to supplying the content, the company also ...