Executive Summary

Enterprise Architecture (EA) defines the basic components of an organization, its information system,
how these components work together to achieve specific business goals, and the way the information
system supports the organization's business processes. The topics covered by the report include the
main activities and functions of innovation, key types of innovation, research and development related
to the external relationship of organizational innovation, factors affecting the success of innovation,
types of external innovation, organizational technology, etc. Leverage etc. All these topics briefly explain
Xero's innovations and some of the challenges it faces.

Introduction

Xero is a web-based accounting system designed for small and growing companies. Xero connects small
businesses with their trusted advisors and provides business owners with instant financial information.
The overall report contains the innovations of xero and the main directions of activities and the role of
innovations. Important innovation types, research and development related to the relationship
between Xero and organizational innovation, factors affecting innovation success, Xero innovation
categories, organizational technology curves, and the company’s success in using innovation.

Finding and Analysis

 Core business Activity and Role of Innovation

Xero Central is a single point of contact where customers can get personalized support. This
centralized platform is built on Salesforce and uses machine learning technology, is intuitive,
interactive, and provides a safe place to connect to Xero.
Xero is encouraged to create an environment where everyone has the opportunity to grow in
their role. Each of them, from college graduates to CEOs, faces the challenge of questioning the
status quo of things. Courage to change the status quo, innovation can happen. In addition to
professional departments or unique projects, innovation should be an integral part of corporate
culture. Most of these revolve around establishing regular feedback loops with their customers
and listening to their feedback. After all, they would not have existed without their great
community. It's also about investing in their employees so that they can do the best job in their
lives every day.
 Way of Innovation making Difference
Innovation as a concept describes the process and the result. Innovation as a process means to
transform ideas into marketable products or services, into new or improved production or
distribution methods, or into new social services. The same word also describes new or
improved marketable products, processes, or services that emerge at the end of the
transformation process. Innovation has a wide range of impacts on business performance, from
 the impact on sales and market share to the improvement of productivity and efficiency;
changes in international competitiveness and total factor productivity, which are the impact of
some industries and countries, as well as the dissemination of information and information
Through the flow of the network, these are some innovations at the enterprise level and are
very important. The effect of invention and technological progress, the faster launch of some
new products, and the faster distribution of products on the market by product owners taking
into account the needs of consumers and economic methods and the expansion of economic
processes are the main factors. Promote company innovation
 Research and Development with its Relation with Organization Innovation
R&D plays a fundamental role in the innovation process, but it is also an investment in
technologies and future opportunities implemented in new products, processes, and services.
Xero was born with the concept of open development and innovation, which is the result of the
inspiration and motivation of the founder. Rob Drury and Hamish Edwards also have the
entrepreneurial skills that laid the foundation for the Xero account software, as well as the
concepts and values that continue to this day. The key steps of Xero include innovation, cloud
programming and design; the implementation of the above measures is carried out by the
company. An inspirational society that promotes the development of the association.
 Factors Affecting innovation Success
In the Deloitte High Growth 50, innovative use of technology and business growth go hand in
hand, and one of the best examples in New Zealand is Xero. Founded in 2006, this software
company revolutionized the way the company conducts business through user-friendly cloud-
based software. It once again appeared in the Deloitte High-Growth 50, the country's fastest-
growing business index every year, and ranked fourth with a growth rate of 873.64% in 2011. In
2014 and 2015, Forbes ranked Xero as the fastest in the world. The company's innovation and
growth. By putting everything in the cloud, the company enables customers to conduct business
through mobile devices and accounting tools anytime, anywhere. Achievements that your
accountants, banks and other financial advisors can also see. It also makes daily chores such as
negotiating and writing books easier. According to managing director Victoria Crown, this is
more interesting.
 Firms Innovation Category
After careful research, AFR listed three elements that distinguish top companies from other
companies in the group, and summarized what innovation is: 1. Customer-centric from the
 beginning, 2. Customer acquisition to the end. 3. To commend employees for their innovative
efforts. This is what inspires us at Xero to create an environment where everyone has the
opportunity to grow in their role. Every one of us, from graduates to CEOs, is encouraged to
question this path. Innovation can occur outside of specialized departments or unique projects;
innovation must be an integral part of the corporate culture. Most of them are the introduction
of regular circles. Contact our customers and listen to their opinions. After all, we would not
have existed without our great community. It is also about investing in our employees so that
they can do the best job in their lives every day.
 S-Curve of Organization Technology
S-curve shows innovations from the slow start of technology or process development to the
acceleration phase of the development process (steeper line) to stability over time (smooth
curve) and corresponding improvement in performance. The article or organization that uses it.
Curve claims that it is heavily used by small businesses, freelancers, and contractors who spend
money from all of their accounts using MasterCard and commercial applications. Curve said the
connection to the Xero software has saved these users a lot of time. The claims cost British small
businesses billions of pounds and millions of days each year. This feature will also help
accountants and bookkeepers manage customer expenses more effectively by eliminating
manual data entry, eliminating customer errors, and automatically importing correct HMRC data
into Xero. For every transaction, immediately.

 Success of the Firm in using the Innovation

A big problem with this approach is that many people define "functional software" in a purely
technical way. It's like preparing food and judging whether it is cooked, inedible or tasty. If no
one needs it, it is useless. Days/weeks/months of effort was wasted. Design is the key to what
people want. At Xero, we take a design-driven approach. Before creating, we ensured that our
software is easy to use. Our design method is also the key to quickly creating software with
minimal documentation. We will not waste time writing use cases and specifications. We quickly
design and prototype our use cases. This allows us to share information, evaluate and improve
our solutions before writing a line of code. A big problem with this approach is that many people
define "functional software" in a purely technical way. It's like preparing food and judging it by
cooking, inedible, or delicious. If no one needs it, it's useless. You will end up wasting
days/weeks/months of effort. Design is the key to what people want. At Xero, we adopted the
 first design method. Before we build, we make sure that our software is easy to use. Our design
method is also the key to quickly creating software with minimal documentation. We will not
waste time writing use cases and specifications. We quickly design and prototype our use cases,
allowing us to share information, evaluate and improve our solutions before writing a line of
code.

Conclusion

The report concludes with a summary of the company's innovation, its core business and the impact of
how its innovation has changed the world, Xero's research and its relationship with the business.
Organizational innovation. Are some of the factors that affect your innovation and successful use of
innovation. Also, the company’s inspiring atmosphere, coupled with the determination to constantly
seek new perspectives, and a huge network of growth and development platforms make Xero the
innovator it is today. Regarding New Zealand’s innovation and entrepreneurship, and will continue its
global exploration.