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Assignment on Management Design

   

Added on  2020-03-16

14 Pages3077 Words35 Views
Running head: MANAGEMENT DESIGN1Management DesignName Institution

MANAGEMENT DESIGN2AbstractThis is a reflective report that contains the activities that were carried out in the learning process to bring about development in individual personal and professional skills relating to business activities. It is in reference to blog entries that were made every week during the term. It also contains an analysis of strengths and weaknesses which were determined in relation to the topics taught as well as an action plan for the next six months that will aid in personal development.

MANAGEMENT DESIGN3Management Design ItThe weekly blog has been of utmost use to my studies all through the term. Going through the entries of every week aided in giving me a new perspective of what was learnt as well as in the identification of areas that require development.The first lesson learnt in this unit was an introduction to design thinking in entrepreneurship. During this introduction class (blog entry on 30th July 2017) I learnt that there is a difference between innovations and inventions and we performed an activity where the different groups in class shared their individual ideas. In entrepreneurship innovation refers to the process in which someone makes significant changes to an already existing product and improves its functionality. Conversely, invention refers to the process in which a process or product is introduced for the very first time (Dube, 2012). Businesses should continually innovate and invent various products and processes in order to remain competitive and keep making profits. Regardless of the need for continual innovation and invention, majority of new business ideas do not reach the market. Research indicates that only fifteen percent of new ideas end up being incorporated into business functions. This challenged me because I am very creative and over the years I have come up with numerous ideas that can be incorporated in business. However, I have not applied any one of them. This made me make a decision that I would not be part of the majority who did not bring their ideas to life. Therefore, I am currently working to improve my current idea and commence using it in business.It is important to view the design process from a peripheral point of view. The blog post on July 30, 2017 contains information about making observations like a designer. The activity here involved analysis of different businesses to find what went wrong or right in terms of how

MANAGEMENT DESIGN4their business ideas were implemented. This exercise contributed to my personal development because I learnt that to succeed in business one must have the proper mindset and follow their core values. There are people who choose making profits over being ethical in their business dealings. However, it is very important for business people to be ethical because in the long run showing corporate social responsibility is proving to be more advantageous (McWilliams & Siegel, 2017). Reasoning is a very important skill that everyone should possess and continually develop.In my August 16th blog post, I learnt how to create the desired value by reasoning, loop learning, and co-creation. In most businesses, when the management is solving different problems they fail to use all three skills together hence they end up making decisions that are not very effective.I learnt that there are four mental states that are involved in design thinking. These include; divergent thinking which involves creating choices, convergent thinking which involves making a choice, analysis which means coming up with patterns from which to draw conclusions, and synthesis which means to reassemble the patterns(Brown, 2009). Another important concept learnt was about loop learning. Single loop involves comprehending and following existing rules. Double loop means learning about the rules and then changing them. Finally, triple loop learning means to learn about learning (Tossey, 2012). This information aided in my professional development as a future business owner because business requires one to think of any activity in the basis of the client. Incidentally, one should think of what value their business is adding to the clients’ life. it is important to reason in the context of what is in it for the client (Agogué, Lundqvist & Middleton, 2014). As a result, one should collect information and analyze it to know how to best carry out business activities. Consequently, this will ensure that the product satisfies certain customers’ needs and improves

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