Business Management Report: Frugal Innovation and Motivation

This report delves into various aspects of business management, using a case study of Stacy's organic cosmetics business. It examines the application of frugal innovation, where cost reduction and efficiency are prioritized by removing non-essential features from the production process, as a core business idea. The report then explores the use of motivation theory, highlighting how Stacy fostered employee coordination and productivity through a positive and empowering work environment. Furthermore, it analyzes the implementation of Fielder's model, demonstrating how Stacy adapted her leadership style to different situations, particularly in response to increasing international demand. Finally, the report discusses the importance of management controlling functions, emphasizing the need for Stacy to balance employee autonomy with necessary controls to meet customer demands and achieve business goals. The conclusion underscores the effectiveness of Stacy's business idea, while suggesting the need for strategic control to enhance productivity.