Innovation and Risk Management in Filmmaking

Innovation & Risk Management

INNOVATION AND RISK MANAGEMENT: 1
Contents
Introduction...........................................................................................................................................2
Goals.....................................................................................................................................................2
Innovation in filmmaking......................................................................................................................3
Purpose, Mission and Vision.................................................................................................................4
Risks associated with this film creation and mitigation of associated risk.............................................6
Conclusion.............................................................................................................................................8
Bibliography..........................................................................................................................................9

INNOVATION AND RISK MANAGEMENT: 2
Introduction
Innovation and entrepreneurship have been recognised as key building blocks of
today’s competitive economy. Innovation has emerged as a new way to solve problems
related to product. The service and entertainment industry collaborated to meet the changing
demand of clients. Innovation has given another beneficial advantage of longevity to business
operations. The importance of innovation has been increasing due to competition. The key
drive that stimulate innovation is the background of an individual. Career planning is one of
the important factor, which influences the background. After post-graduation or MBA,
everyone looks for the business or job. However, I was finding a way to follow my passion of
direction, storytelling, and dance.
Goals
Career planning is the answer to a question “what to do after MBA?” After MBA,
most people search for a job and settle themselves but I want to follow my passion, which is
filled with connoisseur of artistic flavours. From direction to storytelling, I always created my
own stories and kept acting into their characters. Here, I want to share a story. A dreamy girl
who loves her hair even more than her face. Due to hair obsession, she continues to lengthen
them. However, the love for the hair was so intense that she was having a comb, which was
even bigger than her height1. I also wanted to make animation movies in which cartoons and
such unique characters such as girl with huge comb even bigger than her height. Apart from
storytelling, I was very much interested in dance.
.I started becoming passionate about these artistic flavours. I decided that I would
ardently follow my passion. By the time, I realised that my family will not support in my
passion due to traditional barriers.
1 Mink, C., How to Choose an Acting Technique, [website], 2017, https://www.backstage.com/backstage-
guides/how-choose-acting-technique/, (accessed 9 August 2018).

INNOVATION AND RISK MANAGEMENT: 3
Although, they loved me a lot, but this passion was something my parents would not
like and allow me to follow. Therefore, I had to change my path as it becomes very hard to
continue my direction, acting, and storytelling as my passion. So I started studying MBA in
the field of HR because I wanted to shape and guide people`s career as per their desire2. I
planned to continue my passion on my level and after completing MBA; I want a job so that I
can get working experience in an organisation.
At the end, the goal and vision is to become a successful person and achieve the goals
with earning self-esteem and recognition in the society. I want to leave a permanent
impression on people`s lives. Soon, I will be completing my MBA and get a degree from the
university3. I will start searching for a renowned company, so that I can get experience from a
renowned company. Being as a HR I will be able to manage people around me, I will also get
an opportunity to motivate, and inspire people, which ultimately will never blow the candle
of inspiration for continuing my passion.
Innovation in filmmaking
The film industry got access to innovation and technology in form of graphics, 3D prints, and
360-degree view. I have seen that film industry has evolved as mechanical as well as digital. I
am planning to adopt to project better quality films with the immense use of synchronous
sound, lightweight and portable equipment, camera rings, HD video cameras, coloured
screen, and computer-generated imaginaries. Apart from the story plot, I have been thinking
2 Research guides, Resources for Video Creation, [website], 2017, https://guides.lib.umich.edu/c.php?
g=283336&p=1887050, (accessed 9 August 2018).
3 Leotta, A., ‘Small nations and the global dispersal of film production: A comparative analysis of the film
industries in New Zealand and the United Arab Emirates’, The Political Economy of Communication, vol. 2, no.
2, 2015.