MGTM20132: Business Case for Innovation & Sustainable Danfoss Dev

This report presents a business case analysis of Danfoss, focusing on innovation and sustainable business development. It addresses the problem of exploiting employee knowledge for radical ideas, particularly within the context of Danfoss's 'Man on the Moon' event. The report examines the benefits of increased organizational performance and economic boosts, strategic responses such as emphasizing employee skills and adhering to government regulations, and project options including stakeholder consultation and environmental impact considerations. The recommended solution involves government aid and director intervention, with a focus on commercial, financial, and management aspects. The report concludes with an emphasis on strict performance measurement and adherence to regulations for project development, highlighting Danfoss's commitment to eco-friendly technologies and sustainable practices. Desklib provides access to similar reports and solved assignments for students.

INNOVATION AND
SUSTAINABLE
BUSINESS
DEVELOPMENT
Name of the Student
Name of the University

Part 1: Problem
Background of the problem
 Man on the moon is a popular high-profile
event hosted by this business organisation
that involves all the employees of the
workforce of the organisation and the mission
of this event is to collect the ideas of all the
employees of the company.
 the challenges the management will have to
exploit the knowledge and the ideas of all the
employees in order to help the radical ideas

Part 1: Problem
Definition of the problem
 The management of Danfoss realised
that in order to satisfy the changing
demands of the customers in order to
sustain the productivity and reputation
Evidence of the problem
 Lack of exposure of the individuals
 Ideas are struggling to materialize

Part 1: Problem
Timing considerations
 Danfoss would be selected in the event
named man on the moon as this event can
effectively contribute to simplify the
procedure to introduce innovative ideas.
Consideration of the broader context
 This would be a helpful and transparent
mediator for MIT realizing the innovative
ideas of the employees of various
organisations

Part 2: Benefits
Benefits to be delivered
 It can effectively increase the
organisational performance
 Successfully create a bank of innovative
ideas
Importance of benefits to the government
 significant changes in the industry
 Major boost to the economy of Australia

Part 2: Benefits
Evidence of benefit delivery
 significant positive changes to the
individual sellers
 providing benefits to the entire business
sector of Australia by giving a platform to
materialize innovative ideas

Part 2: Benefits
Interdependence
 This idea will only get make sure if the
management of Danfoss can meet
realise the creative and innovative ideas
that they will be collecting from the event
name man on the moon where all the
employees of the company will
participate.

Part 3: Strategic response
Method and criteria
 Danfoss will continue gathering new ideas
and implementing them in their business
operations
 Deploy a separate team

Part 3: Strategic
response
Strategic options analysis
 The leaders should emphasize on hiring
Employees with good professional skills and
creativity
 The rules and regulations set by the Federal
Government of Australia should always be
maintained under any circumstances by the
management of Danfoss
 The leaders of the managers of the business
organisation should always check on the ideas
which are getting implemented

Part 3: Strategic
response
Recommended strategic option
 The management of Danfoss can
approach the Government of Australia to
provide necessary aid
 The directors of Danfoss can intervene
at any time and at any phase of
gathering and implementing innovative
ideas

Part 4 Project options analysis
Project options considered
 The leaders and the management of Danfoss should always
intervene in the operations regarding research and development
of the organisation by gathering and implementing innovative
ideas collected from man on the Moon event
 The management of the organisation will abide by all the rules
said by the Federal Government of Australia regarding the
operations of the company
 The company will have to increase the effectiveness of the
Human Resource Department in order to hide and recruit
Employees with more professional skills and improved creativity
 The company will have to make sure that they have an excellent
CSR policy

Part 4 Project options analysis
Stakeholder identification and consultation
 government of Australia
 investors and the buyers and sellers.
Social impacts
 benefit the economy of the country
Environmental impacts
 The management of Danfoss always use
eco friendly technologies for their
operations

Part 4 Project options analysis
Economic impacts
 The event will create more competition
in the market of Australia and can
positively influence the economy of
Australia
 The event is highly beneficial for the
economy of Australia and it can provide
a huge profitability to Danfoss

Part 5: Deliverability of
recommended solution
Commercial and financial
 The management of Danfoss can
personalize each of their customers
experiences with their organisation by
incorporating customised aspects like
providing 24 hours Customer services
 The management can also utilise
numerous marketing strategies to reach
out to their target customers by using many
marketing platforms

Part 5: Deliverability of
recommended solution
Management
 The board of directors of the
organisation should supervise the
operations and district guidance
 The customers of the company should
be informed regarding the
materialization of the innovative ideas by
the company

Part 5: Deliverability of
recommended solution
Delivery
 There will be strict performance measurement
tools for individual departments of the
organisation
 To carry out any project the management of
Danfoss should abide by all the set rules and
regulations by the Federal Government of
Australia
 There should be an organised framework to
develop all the projects undertaken by the
business organisation Danfoss

Reference list
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