Importance of Innovation in Singapore Consultancy Company

Running Head: Managing Research 1
Importance of Innovation in Singapore
Consultancy Company

Managing Research 2
Contents
Introduction......................................................................................................................................3
Purpose.........................................................................................................................................3
Scope............................................................................................................................................3
Limitations...................................................................................................................................3
Background......................................................................................................................................3
Problem Definition.......................................................................................................................4
Management problem...............................................................................................................4
Research question.....................................................................................................................4
Research objectives..................................................................................................................4
Literature Review............................................................................................................................4
Research Design and Method..........................................................................................................6
Research design and justification.................................................................................................6
Ethical issues and limitation of the research....................................................................................7
Time schedule and budget...............................................................................................................8
References......................................................................................................................................10

Managing Research 3
Introduction
Management Consultancy Company helps in providing number of services to the residence of
the country. Singapore is a country that is able to provide number of growth opportunities and
this country is known as the business capital of the world. The tax system and laws of this
country are straightforward which is designed for the purpose of helping companies and
businessmen in growth. It has been analyzed that today every kind of business assist of a
professional business consultancy organization and it is because of the different policies and
working methodology of each company. The role of the innovation is vital for developing a
supportive environment and before developing and implementing an organizational development
initiative to stimulate new ideas and develop client-focused innovation.
Purpose
The main purpose of this assignment is to develop new ideas for bringing change in the
environment of working of Consultancy Company. Along with that the purpose of Mr. Yusof
Hoe is to know about the perception of the staff towards changes in the organization due to
innovation.
Scope
The scope of the research proposal is to determine if executing new innovation into the ordering
process at Singapore Consultancy Company would improve the experience of the customers.

Managing Research 4
Limitations
The findings will be resolute by qualitative data and knowledge and the understanding of these
findings will be decisive. The research is limited up to suggested topic which will be another
limitation for the research.
Background
Innovation has become the important for every kind of industry to get growth in a significant
way. Singapore Consultancy Company needs to focus on number of aspects in order to bring
innovation within the business. It has been found that many consultancy company of Singapore
is working on old technology that is why it is vital for the company to focus on latest technology
so that the company can attain the objectives and sustain in the competitive market. It has been
found that the management consulting is a $250 billion industry and it is about to be disrupted.
There are more than 700,000 consulting firms that provide services all around the globe (Tragler,
2018). Singapore management consulting companies have become the vulnerable to disruption
when it turns well-established in its long term resolutions and the structure related to the
financial. The major problem with the innovation in the management consulting company is to
consider the both aspect and point of view of employees and customers towards innovation. The
feature of disruptive innovation is to provide smaller solutions in proper manner to the remaining
issues, helped by latest technology at a lower cost.
Problem Definition
Management problem
The decision that this research proposal will assist with is: