Reflective Journal: Leadership, Innovation and Finance Insights

This personal reflective journal documents a student's reflections on various workshops and concepts related to leadership, innovation, and finance. The journal entries cover topics such as teamwork, risk management, creativity, financial planning, and human resource management. Each entry includes preparatory research, group discussions, key considerations, and learning points. The student explores the importance of teamwork, transformational leadership, innovation, and financial strategies for business success. The journal references various academic sources and models, including the AMO model in human resource management, and reflects on the application of these concepts in real-world scenarios. The entries highlight the student's learning process, insights gained from the workshops, and their evolving understanding of key business principles. The journal showcases the student's ability to analyze, synthesize, and apply theoretical knowledge to practical situations, reflecting on areas for improvement and demonstrating a commitment to professional development.

PERSONAL REFLECTIVE
JOURNAL

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Entry 1..........................................................................................................................................3
Entry 2 .........................................................................................................................................5
Entry 3..........................................................................................................................................7
Entry 4..........................................................................................................................................8
Entry 5........................................................................................................................................10
Entry- 6- ...................................................................................................................................12
Entry 7 –.....................................................................................................................................14
CONCLUSION .............................................................................................................................15

INTRODUCTION
Personal reflective journal helps in identifying individual strengths and weaknesses and
accounts to areas of improvement where it is being referred as response to a particular stimulus
where it is being written to explore experiences of individuals to explore out there personal
experiences, feelings and events where it is of the opportunity to consider various events,
feelings and thoughts from a perspective which is being fresh. The purpose of the journal is to
have an exact ideas of how the organisation is being managed and organised which consists of
having an entire plan of business, to entering into new targets markets, through creating a team
and accounting with various strategies to exit from the business where it accounts with rolling
out of the path. It accounts with the methods which are being used to describe the mentioned
contents it has accounted me with updating my knowledge with various workshop activities and
referring to various books and journals of various writers and experts from different places of
globe, which also accounted with lot of suggestion from my teachers in producing the report
where in the middle of the report it has highlighted options of growth which accounts with
getting valuable insights where the various sources are being used to understand the subject more
prominently.
MAIN BODY
Entry 1
Workshop date: 24/01/2020
Work title: Teamwork/Leadership
Preparatory research & analysis

 Question: How much risk is actually needed in order to build a venture and successfully
sustain it for a longer period?
 There are number of risk that can arise in creating new venture because increasing
competition and rising IT hacks can leaks details. Taste and trend of customers in United
Kingdom continuously changes which again create challenges in launching new product
as well as services and expanding business in different part of globe. For investing as
well as building in new venture required long experience as well as deep knowledge
related to business (Salas, Reyes and McDaniel, 2018). However, copying of idea is very
frequent in country which again increase tension for entrepreneur to secretly plan as well
as target customers. People are still resistant to old method of market expansion which
can create enormous issue for the firm.
Group discussion, key considerations, conclusions
 In the workshop we are able to identify cost of different type of product as well as
services such as games, fashion, music, and tourism and hence fashion increase price to
$2.4 trillion net worth. For evolving new creative ideas we are divided in two parts so
that every team can judge other as per the work and innovation qualities and best suitable
idea will be adopted for the business. SWOT analysis also done during the module which
help in knowing strength, weakness, opportunities and threats so that plan can be made
accordingly.
 It can easily observe at work station that relying on team might create challenges in terms
of project success, but in reality individual can achieve higher goals on time rather than
dependency on group as it delays work as well decision can be taken after long time. In
these workers' contribution highly matters for the organization which increase efficiency,
quality and productivity of work.
 Team and group are both different in terms of definition but when it comes to practicality
both are same in work and work precisely for the same task. Team consist number of
people that work together by contributing ideas, supporting each other and work for a
common goal while group has a few peoples which work can work for common aim and
abilities identify during the work.
Key learning Points

 Team can face number of challenges at work-station which can impact on performance of
work. In the beginning people are interactive and socialize as well as curious for ideas.
After certain time, conflicts between them increases because of work-station differences
and unclear goals which decrease productivity of work. There are number of other reason
for which team work may affect such as irritation, annoyance, dissatisfaction etc.
 It becomes important that transformational leaderships is used and management tries
decrease difference other work quality decreases and bad politics started at work-station
which can impact on growth of project as well as individual (Wiyono, 2018).
 Tuck man team development and Belbin theory can be used to create a team as well as
manage effectively. It helps project manager making team in stages and decrease
difference of work. It also increases positive atmosphere at work-station which can create
multiple challenges for individual. However, it depends on individual in the end either
work for collectivism or individualism but I always prefer to work in a team rather than
group.
References
Salas, E., Reyes, D.L. and McDaniel, S.H., 2018. The science of teamwork: Progress, reflections,
and the road ahead. American Psychologist.73.(4).p.593.
Wiyono, B.B., 2018. The effect of self-evaluation on the principals’ transformational leadership,
teachers’ work motivation, teamwork effectiveness, and school improvement. International
Journal of Leadership in Education.21.(6).pp.705-725.
Entry 2
Workshop date: 06/02/2020
Workshop title: Innovation & Creativity
Preparatory research & analysis
 During the discussion with other scholars I am able to understand that creativity is not
you learn in classes but you are born with it or develop with time and experience.
 I have learnt so many things from my work as well as professors comment that creativity
of my is good but it can improve by focusing on certain things such as using more

colours, decoration etc. on work. It becomes important that creativity of individual must
pay when working in corporate where leaders praise employees for it.
 I also checked work of my seniors as well as batch-mate and try to compare it so that I
can understand on which places I need improvement and where I am good so that work
can be done accordingly as well as timely with quality (Liao and Tsai, 2019). Professor
also explain in classes of different students as well as mine work and describe different
creativity skills which are used.
 Innovations play important role in professional growth of individual and it can impact on
growth of individual. Students that are working with me highly innovative as well as
inspire me for to do so. It becomes important that innovation implementation in project
so that it can inspire as well as impress other by work.
 Lecturers told me that my innovation skills are good and it can be improved by using in
right way. Corporate wants work that are innovative which increase quality, efficiency
and productivity of work.
Group discussion, key considerations, conclusions
 I was a part of a fashion team and well are given task for using 4P's innovation
which can help in improving work quality and which can impact on my
professional growth. There are number of segment for which team has working so
that new ideas comes from all side rather than focusing on one part of work. I am
able to understand that my creativity skill related to project need to improved so
that it can help in corporate world.
 We face various types of challenges which radical innovation for different
segments such as product, process, position, paradigm etc. Because of precise
objectives because of nationality has impacted on work.
 There are number of innovative ideas as well as creativity occur during the whole
process which improve quality as well as productivity of work . However, there
are number of places where we not good and hence have to work on it so that it
can help in professional as well as personal growth.
Key learning points

 It can be understood from the project that innovation as well as creativity are needed for
changing business which can help in achieving higher goals on time. Customer
satisfaction level important in changing and it can only be possible with innovative as
well as creative ideas but it needs to suitable the project.
 There are number of innovative ideas that occur in last few years which are changing
taste and trend of customer for example: innovation of Tesla related to electricity vehicles
helping large number of customers and increase profit share of firm in time of
globalization (Martins, Martins and Pereira, 2017).
 Google, Facebook etc. are some names that are highly focusing on innovation as well as
creativity skills which are increasing customer satisfaction level. However, employees
has to contribute high for it which increase pressure, stress etc.
 It becomes important has to be sustainable so that it can full-fill need of present
generation as well as suitable for upcoming.
References
Liao, Y.C. and Tsai, K.H., 2019. Innovation intensity, creativity enhancement, and eco‐
innovation strategy: T he roles of customer demand and environmental regulation. Business
Strategy and the Environment.28.(2).pp.316-326.
Martins, A., Martins, I. and Pereira, O., 2017. Embracing innovation and creativity through the
capacity of unlearning. In Handbook of Research on Human Resources Strategies for the New
Millennial Workforce (pp. 128-147). IGI Global.
Entry 3
Workshop date: 20/02/2020
Workshop title: Finance
Preparatory research & analysis
 Finance has a major role in any business, if the entrepreneur has started with insufficient
fund than it will close easily and impact on even future project of founder. However,
every organization start with fixed budget but it can fluctuate as new entrepreneur has no
idea about market as well as cost of raw material, labour etc.

 It is necessary that business must be done in organized as well as effective with proper
finance. There are number of ways from which firm takes funds such as loans, investors
etc. so that business can be run smoothly and for long period (Kusasira, 2018)..
 However, there are number of firm in United Kingdom which are facing challenges in
terms of investment and hence it becomes important that budget must be effective which
can help in attracting customers as well as full- fill miscellaneous expenditure.
Group discussion, key considerations, conclusions
 From the group discussion we able to understand budget must have additional amount as
well as way in which it can add up money so that business can smoothly and impact on
growth of firm in time of globalization. There are numbers of ways in which funds can be
raised for the project and allocate in effective way.
 We also able to understand that there are number of software which are used for finance
monitor as well as control and hence organization will able to achieve goals on time with
greater efficiency (Arustamov and Varenikova, 2017).
Key learning points
 It is important that in the initial stage of starting of business founder and finance must
team analysis need of amount that can be needed to run business as well as target market.
Connecting with investor can also help in increase amount for running firm and impact
on growth of firm.
 New business has higher risk and hence financial planning must be done in effective way
so that resources can allocate equal as well as timely.
References
Kusasira, S.S., 2018. Examining storage and retrieval of semi active records at Ministry of
Finance Planning and Economic Development (Doctoral dissertation).
Arustamov, S.A. and Varenikova, A.P., 2017. MODELS AND METHODS OF
INFORMATION MANAGEMENT SUPPORT IN CASE OF FINANCE PLANNING.
Nauchno-Tekhnicheskii Vestnik Informatsionnykh Tekhnologii, Mekhaniki i Optiki.17.
(5).p.929.
Entry 4
Workshop date – 21/4/2020

Title of the workshop- Human resource management
Preparatory analysis and research
 On the basis of research I have done, I have encountered with another theory and model
with efficiency of theories to the other which were being taught in the sessions of the
lectures. The model accounted with the ability, motivation and opportunity also known as
AMO model where it is being understood that the performance of individual is being
influenced directly by talent, knowledge and aptitudes which are being required on the
end of the individual to account to accomplish various objectives(John, Taylor 2016)
Group discussion, conclusion and key considerations
 Accounting with the lecture of today. I have experienced with various hurdles in terms of
what are reasons which can hinder with the growth of the company where I was being
part of this activity where I hired a marketing manager to the company which was
difficult to what I have expected.
 It has accounted me to learn that when we plan to hire the employees it is being required
to understand what is human resource management where one needs to have full
understanding of the subject knowledge, where I have understood that working with
different individual is a complex process whereby the good human resource accounts to
comfort of individuals and fostering growth of the company where managers accounts to
use there own strategies instead of practices that are being prevailing where it may
account to performance in the company (Delery, Roumpi,2017).
 The next activity accounted with various disciplined questions which are being related to
strategies of motivation where I must agree to use the strategies which helps in
maintaining the dynamic environment serves as being advantage to the company where
at the same time I was being aware of various changing human behaviour which does not
account to which will not account to have stable profile, which accounts to using various
techniques which serves as the means of the mindset which is being creative.
 While resuming the activities of workshop, I had accounted to use techniques of mine
and my colleagues for accounting to interview managers which accounts to searching and
recruiting employees who accounts to match up with the role offered.
 In the lecture it is being said, that as the owner of the newly start up business, it is being
hard for the to create set of challenging question which helps in recognising the worth of

individual, whether they will account to handle pressure where it laid to understanding of
mine by hiring wrong employees the operation of the company can collapse.
Key points of learning
 Another interesting subject which was being accounted to get to learn was Maslow's
hierarchy of needs which is being the most prominent tool of human resource
management, which accounted with the people with various roles and responsibilities and
accounting with providing training which is being crucial since this is being very hard
concept to understand as a whole (Nankervis, 2019).
 My learning also accounted with the fact that given the statement above working with
different quite of individual requires variety of techniques and strategies to communicate
as the message which needs to be communicated need not to be understandable always on
the other end whereby from my own understanding I think speaking in public will serve
as the effective tool which will enhance the depth and vastness of the subject matter.
References
Delery, J.E. and Roumpi, D., 2017. Strategic human resource management, human capital and
competitive advantage: is the field going in circles?. Human Resource Management
Journal. 27(1). pp.1-21.
John, R. and Taylor, B., 2016. Human resource management.
Nankervis, A., and et.al., 2019. Human resource management. Cengage AU.
Entry 5
Date of Workshop- 09/06/2020
Title of the workshop's – Growth options
Preparatory analysis and research
 In my viewpoint descent example of takeover and company accounting to grow must
needs to be represented by the attempt of Safeco's which refers to the attempt of buying
the American state company in 1997, when it accounted to have the share of the
competitors being lower (Kraft, Schwartz, Weiss, 2018). This action and step by the
company accounts to represent an example of the battleful firms which accounts to take
and be a market leader in the industry, where both of this accounts to have activates as
house insurers in the market.

Group discussion, conclusion and key considerations
 During the workshops, I and my team colleagues have achieved various tasks which were
being strictly related with the analysis of various methods which is being required to get a
favourable external and internal growth of our company, where in order to determine
various options which are being available, we accounted to create a list of target markets
and our goods where the first step accounted with brain storming the process which
relates with entire analysis in highly professional manner whereby missing up of a small
thing will lead to pull our position at back and threatened.
 The next relates with using the matrix of Ansoff's matrix to position our goods and
services by the efforts and coordination among the team members where by the example
of diversification strategy would be entering in new consumer markets with luxury
products and services whereas the original products and services are also being planned
to deliver in suitable manner (Belderbos, Tong, Wu, 2019).
 The next accounted with focusing on the idea that in general, the newly based company
should mainly focus on the growth which is being internal rather than the external one
where there is still the advantage to focus on the growth which is being external which
will have likely to have the positive outcome in short duration of time.
 The last account to have been proves that outside is a range of various companies from
different or same market that might have impact and affect on the long run success of the
company where it accounts to expanding the boundaries and having the long term
contract with the suppliers which is being suggested by the companies we have integrated
with.
Key learning point
 There are various factors which influences the growth options of the company where
recent research have shown that the unpredictability of the company is being responsible
for the growth of the same, where the bigger the cash flow, more is the opportunity to
grow.
 Whereas the negotiation is being defined as process which is being achieving the certain
outcome by providing multiple solution until bot are being satisfied. Which helps in
creating connection with external companies (de Andrés, de la Fuente,Velasco, 2017)

 Further the research was being highlighted with focus on internal growth options which is
being majorly focused on suitable plan of finance where it could account to market
penetrations and diversification and inaccurate information will ruin the business of the
company
 Concluding to the above, I must admit that my mindset have get shaped wit more
brainstorming is done where the important factor is not the business which I am working
on but the team work that expands the same to achieve success.
REFERENCES
Belderbos, R., Tong, T.W. and Wu, S., 2019. Multinational investment and the value of growth
options: Alignment of incremental strategy to environmental uncertainty. Strategic Management
Journal. 40(1).pp.127-152.
de Andrés, P., de la Fuente, G. and Velasco, P., 2017. Diversification, relatedness and growth
options value: Beyond a linear relationship. Long Range Planning.50(6). pp.840-861.
Kraft, H., Schwartz, E. and Weiss, F., 2018. Growth options and firm valuation. European
Financial Management.24(2). pp.209-238.
Entry- 6-
Value chain
Research and annalist
 As per my observation, it is necessary for the business to have proper and accurate
system at their workplace, in order to achieve their goals an objective to be successfully
in their business. It helps to provide competitive advantages to the company, and they
can able to show their presence in the market where they are operating their business.
According to the theories, there are seven type of systems but some of the companies can
have more then seven with the advance and multiple features (Bi, K., Huang, P. and
Wang, X., 2016).
 The seven schemes discussed within the theories are ; “ production, owners, sales,
marketing, physical plants, metrics and additional systems can be include like human
resource, finance etc.
Group discussion, key consideration and conclusion