Corporate Innovation and Entrepreneurship Assignment Match Box Architects
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Added on 2020-12-09
Corporate Innovation and Entrepreneurship Assignment Match Box Architects
Added on 2020-12-09
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CORPORATE INNOVATIONAND ENTREPRENEURSHIP
EXECUTIVE SUMMARYInnovation in business is a process which helps organization to bring new ideas forgrowth of company. The present report is about organization Match Box Architects which is anarchitectural firm providing well-designed buildings. The present report has presented thevarious challenges which are faced by the Match Box Architects in its growth which includesbalancing use of capital with hiring the right talent at the right time. The report has alsodiscussed importance of qualified architect professionals so that they can provide professionalservice to their clients. It has also discussed role of effective and contemporary ability andmanagement with various types of leadership like transformation leaders, leader-memberexchange, servant, and authentic and the importance of individual creative thinking. The reportwill present top down and bottom up approach which helps in analysing risk and performancemanagement of company. The report will provide that how MBA has utilized its human resourcepotential in order to increase productivity of business. The report also discussed about learningprogram which MBA organizes in order to get its employees better training. Providing trainingnot only helps in increasing productivity of an employee but also is beneficial for theachievement of organizational goals. MBA has gone for the KEYS surveys in order to do thework accordingly for more pleasant climate and innovation. The report has discussed consciousand unconscious skills and abilities of the employees. The report has sum up with therecommendations which includes the improvement to be done in MBA in minimization of cost,observation towards priority level, minimization of time scale and the optimum utilization ofresources so that organization can build up revenue and obtain profitability.
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1ANALYSIS OF MATCHBOX ARCHITECTS (MBA).................................................................21. Challenges of rapid growth.....................................................................................................22. Qualified professionals versus effective and contemporary leadership and management......33. Top down versus bottom-up....................................................................................................34. Individual creative thinking skills...........................................................................................45. MBA exploits the potential of its human resource/capital......................................................56. MBA promotes, encourages and supports creative thinking across all functions and levels..57. Agile and Scrum methodologies.............................................................................................58. Learning organization – aspirations and progress...................................................................69. Climate for creativity and innovation- KEYS survey.............................................................710. Conscious versus unconscious abilities or skills...................................................................8CONCLUSION................................................................................................................................8RECOMMENDATIONS.................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONInnovation in business is a process which helps to bring new and innovative businessideas for the organization which can help in increasing their overall performance in particularindustry. Bringing innovation in business can help in giving competitive advantages to grow andadapt new trends and technology that are important for the business activity. Innovation can helpthe organization in creating more effective processes, products and ideas. Successfulimplementation of new ideas in any business organization is very crucial for its development andimprovement (Drucker, 2014). This process can also assist in increasing their profitability andoverall revenue. For any entrepreneurship, it plays a crucial role in the upliftment of its businessin market successfully which can help them in gaining a good reputation. Importance of creativity and innovation is very prominent and has to be deal carefully.These two factors have become a critical skill which is mandatory for any organization toachieve their targets and objectives effectively. There is no innovation in the organizationwithout creativeness. Creativity involves breaking down and restructuring the knowledge aboutany particular subject in order to gain new insights which can help them. Innovation andcreativity are inter related to each other in business context. These processes can help in solvingproblems and increase productivity of business. It helps the employees to work as a team in orderto achieve their aim for firm (Kuratko, Covin and Hornsby, 2014). These are the driving forcesbehind all the improvements and helps to look at things in a different perspective.Present report will talk about MatchBox Architects (MBA) company, which is anarchitectural company that helps in providing well-designed buildings and spaces. MBA is agrowing design led Architectural practice specializing in creation, extension, and alteration of thearchitecture environment. They help in delivering services, such as, design development andstrategic planning, securing statuary approvals, including designing and building regulations,tender selection, development and negotiation, construction supervision and contractadministration, etc. They have working in three key market sectors, i.e., private and commercialresidential and mercantile (including Industrial Agricultural). This report will explain about thechallenges for rapid growth which they can encounter. Difference between architects as qualifiedprofessionals versus effective and contemporary leadership and management is also discussed inthis study. Various aspects related to MatchBox Architects (MBA) will be explained in this, such1
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