Assessing Innovation Strategies and Leadership at Co A Company

This report analyzes the importance of creativity and innovation for the sustainable development of Co A Company, a heavy engineering firm. It examines strategies to promote creative thinking and enhance innovation among employees, including the implementation of a proactive approach and transformational leadership. The report investigates the impact of various leadership styles, such as transformational and autocratic leadership, on the company's ability to foster innovation and adapt to market changes. The study emphasizes the need for Co A Company to develop effective research and development strategies and provides recommendations for cultivating a culture that stimulates new ideas and opinions. The report also discusses the benefits of skills development and training programs in improving productivity and building effective teams. The analysis includes an evaluation of contemporary academic sources and perspectives to draw meaningful conclusions about the company's innovation practices.

Individual Report

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................1
INTRODUCTION...........................................................................................................................1
TASK...............................................................................................................................................2
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

EXECUTIVE SUMMARY
Creativity and innovation are the pillars of the sustainable development and also makes
the business in such a level where they can have core competencies. However, this can be
observed that most of the firms can develop their businesses in an effective manner so that they
can have the effective strategies. There are certain tools that can be used by the firm so that the
firm can take an advantages over the others. Entrepreneurs are regularly keep on an advanced
ways to innovate methods and ways so that they could gave the ability to gain the core
competencies. Under the provided research, this has been investigated that the Co A company
can invent so many methods and by applying them, the firm can smoothly run their operations.
The Co A needs to focus on the research and development department so that they could invent
the ways for gaining effective strategies. Although, there is a strong recommendations by which
the cited company needs to adopt effective thinking for inventing the new advanced ways.
Inadequate learning and skills can not emerge the new ways for productivity. Skills development
is one of the best crucial tool which can be developed by the firm in order to improve
productivity.
INTRODUCTION
Innovation is the process of creation of new idea and process which helps to increase
their existing value. Innovation includes the application of information, imagination and their
initiative which generates new ideas and provides helps in achievement of their targets more
effectively. For the purpose of generation of creativity and innovation among the employee there
is need to provides them training and create leadership skills among them. This will motivates
the employees of company to build innovative among skills them to create innovative products
and services (Brown and et. al., 2010). Such training and development programmes provides the
opportunity to build effective team and create better communication and coordination among the
staff members. So, such creativity and innovation are important to all organisations doesn't
depends upon their size, structure and sector. Their main aim is to build creative thinking among
the employees to build innovative ideas and process which helps to achieve their targets
effectively. Change management is the process change in organisation due to many approaches
and support of individual, team and organisation (Trialists, 2012). This includes such methods
which redefine the use of business process, budget allocation etc. This can be achieve through
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innovative nature of the employee and team to accept the changes and build new plans to
perform their functions. Co A company is 200 year old heavy engineering company. This
company operates the business activities in India, China and USA in addition to three sites in
UK.
In the present report explain about, promotion of creative thinking to enhance innovation
among the employees, evaluation of influential contemporary quality of academic sources and
evaluation of contemporary perspectives in development of meaningful conclusions.
TASK
Innovation is an important part for making the company sustainable. Innovation refers to
the seeking an approach to blue sky thinking. But innovative firms are mostly devoted their times
for emerging their innovative thinking (Cavelti and et. al., 2012). Although, this can be truly said
that the each firms' employees thinks that the company could get the success if the firm is
lacking about of it. Then , the company stifle the development of the firm. There is strong need
to develop a culture where the firm is going to stimulate ideas and opinion and views that can
assist them to create innovative thinking (Tamati, Gilbert and Pisoni, 2013). But for developing
them, there is a strong need to develop an effective plan so that the business can gain an core
competencies. The Co A company needs to establish an effective research and development
strategies so that the firm can invent the new ways for gaining the competitive advantages over
the rivals in the marketplace. Here are 8 ways by which a firm can introduce innovation in the
Co A company and pave the way for highly creative ideas.
Renders a sense of freedom: Co A which enforce rules tend to suffocate the creativity of
their employees. The Importance of innovation in the firm lies in their workers' ability to
contribute to the creative process of the firm. This calls for sense of freedom which can permit
their workers to
Proactive Approach: Proactive refer to accomplishment of work through individual or
organisation. This approach focus over the estimation of issues and problems before the
probability of emerging the issues in the organisation. This approach is based on the events
responds. This is a useful and effective approaches which can avail a company in managing the
relation as well as restrain the probability of threats from the company. Being proactive refer to
the anticipation of issues, seeking the solution or cure and making the best efforts to resolve the
problem. This is based on the ideology “Precaution better then cure.”
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Co A is a heavy engineering company which is functioning and ruling in the market of
China, India and USA from past 200 decades. As the market is dynamic and altering
aggressively after the disruption of technology and digitalisation, they organisation have adopted
the new methods and leadership styles according to the basis of recent era and upcoming
opportunities for which they have optimised the Proactive approach (Cohrs, Kämpfe-Hargrave
and Riemann, 2012). They have precautioned about the alternation disruption among the
workplace and company structure and used the transformational leadership style despite of
situational style as they found the demands of more creativity and innovation among the
organisation.
This techniques was used by new leader of Co A organisation to function and dominate
in competitive industry of engineering and software as well as expand the business of company
in the competitive industry. The company have been successful in deploying their business in
three places of UK. The senior meta of leadership have availed various programs and organised
activities for the worker of company to develop their skills and information criteria.
Transformational Leadership and Situational Leadership
Both of these are leadership styles which is effective relay on their situation and business
environment of organisation (Nygren and et. al., 2011). CO A used transformational leadership
style despite situational leadership but first it is required to understand the basic concept of both
of these which is mentioned here: Transformational Leadership: This is the based on philosophical or direction
transformation of an organisation in terms of leadership style. In order make the
significant alternation in the company, transformational leadership change is made to lead
the programs direct of company. Such leader are often more passionate and visionary as
well as comfortable to lead the organisation according to vision of enterprise itself. Their
passion avail them in carrying transformation through leading and motivating worker. Situational Leadership: This is one of the prominent approaches of leadership which
emerged in the 21st century of business era. Instead of other leadership styles such as trait
and behavioural, this style of leadership believes on the notion that individual or leader
adopt the changes according to various changes or situation they faces (Exley and
Vickers, 2014). Whereas transformational approach is like a style of single preferred, the
situational leader defines the implementation of various motivation or capabilities of the
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worker on the basis of consequences. This undertake several elements such as resources,
group management, culture of organisation, external relationship etc. The leader of
transformational apply this approach to cater the change in culture of enterprising·
Impact of Proactive Approach
This is very successful approach that avail the organisation in developing and improving
innovation level or creative ideas to achieve success. It deliver organisation better chance to
develop and improve in the industry as well as help in managing the evolution level of
enterprise. Co A altered their entire system, providing training and development to worker as
well as execute creative changes in the competitive environment to sustain in competitive
engineering industry (Hartling and et. al., 2013). The company mainly influenced through this
approaches in innovation in the structure, system, products and services of organisation swell as
worker opinion, views ad ideas which support company in producing more innovative services
and operations among workplace. It have changes the culture and leadership style of enterprise
which is their major need of competitive traffic of global market.
Autocratic Leadership
This is also called as authoritarian leadership style which is trained through personal
control, over the judgements and decisions as well as less output of the members of team
(Lansdown, 2012). Such leadership do not provide the opportunity to render other employee
ideas and opinion to the organisation but support to make the decision and judgements on the
basis of their in thoughts and opinions. This consist of authoritarian control of leader on entire
operations or worker group of a company.
CO A have been acquired by a larger organisation as the organisation have shared their
share to the company for increasing market values and increment. But the organisation is
planning to develop autocratic leadership style which for making 10 of global workforce within 3
months. Despite of being successful, the enterprise is facing redundant of more than 500 people
from which few are leaving the company voluntarily and few have been disbanded from the team
of creativity and innovation.
Now the organisation is planning to promote the creativity and innovation in the
operations in respected business environment (The proactive approach, 2013.). The company
should avoid the idea of innovation and creativity as the organisation is already facing extra loss
of finance as well as worker. If the company will adopt new innovation and creative approaches,
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it can lead to more labour turnover as well as extra expanses to the company which would be not
appropriate. The enterprise can expand the time of deliverables from 3 months to 6 months
which can help them in understanding the consequences and environment of organisation as well
as spend their time in build more creative approaches of marketing and promotion for rebuilding
the positioning and recognition of image as well as earning creditability of company (Boyce and
et. al., 2011). Thus the company should make the process more flexible and develop the
strategies of benefiting organisation as well as employee in order to retain them and their
commitment toward CO A.
Also the company should focus over more reliable and effective leadership style rather
then autocratic which bend over the judgements of leader only. This can help enterprise in
developing in competitive business environment.
CONCLUSION
It has been concluded from the above report that, there is huge importance of creativity
and innovation for organisation to achieve their targets effectively. It is the duty of the
management of company to build innovation among the each and every employee of company
for creation of new ideas and process which improves their performance to achieve their targets.
For the development of such skills their sis need to provide training to them. This helps in
creation of new skills which encourage them to use innovative ideas to complete their work
effectively within stipulated time. Such training and development methods also helps in creation
of leadership skills among them which contributes in building of effective team. Such leadership
skills helps in maintenance of good communication and coordination among all of them. This
create supportive nature and positive atmosphere in company which helps in development of
their personal and professional career. This helps the employees of company to contribute the
management to change their organisation. Improved skills ans innovative ideas also contributes
in development of confidence among them to effectively respond the changes happen in
company. So, overall impact of creativity and innovation in employees of company helps to
achieve the targets effectively within stipulated time. This will increase the ability of company to
build effective team which increase their image and profitability in market. This will provides
the lots of opportunities to company.
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REFERENCES
Books and Journals
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the United States: summary of the NIAID-sponsored expert panel report. Journal of the
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Brown, K. and et. al., 2010. Prehabilitation versus usual care before total knee arthroplasty: A
case report comparing outcomes within the same individual. Physiotherapy theory and
practice. 26(6). pp.399-407.
Cavelti, M. and et. al., 2012. Assessing recovery from schizophrenia as an individual process. A
review of self-report instruments. European psychiatry. 27(1). pp.19-32.
Cohrs, J. C., Kämpfe-Hargrave, N. and Riemann, R., 2012. Individual differences in ideological
attitudes and prejudice: evidence from peer-report data. Journal of personality and
social psychology. 103(2). p.343.
Exley, C. and Vickers, T., 2014. Elevated brain aluminium and early onset Alzheimer’s disease
in an individual occupationally exposed to aluminium: a case report. Journal of medical
case reports. 8(1). p.41.
Hartling, L. and et. al., 2013. Testing the Newcastle Ottawa Scale showed low reliability
between individual reviewers. Journal of clinical epidemiology. 66(9). pp.982-993.
Lansdown, T.C., 2012. Individual differences and propensity to engage with in-vehicle
distractions–A self-report survey. Transportation research part F: traffic psychology
and behaviour. 15(1). pp.1-8.
Nygren, U. and et. al., 2011. Individual placement and support–a model to get employed for
people with mental illness–the first Swedish report of outcomes. Scandinavian journal
of caring sciences. 25(3). pp.591-598.
Tamati, T.N., Gilbert, J.L. and Pisoni, D.B., 2013. Some factors underlying individual
differences in speech recognition on PRESTO: A first report. Journal of the American
Academy of Audiology. 24(7). pp.616-634.
Trialists, C.T., 2012. The effects of lowering LDL cholesterol with statin therapy in people at
low risk of vascular disease: meta-analysis of individual data from 27 randomised trials.
The Lancet. 380(9841). pp.581-590.
Online
The proactive approach. 2013. [Online]. Available
through:<https://www.dawn.com/news/1072105>.
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