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Innovation Organisation - Essay Example

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is one of the leading construction companies in UK and is a part of the European construction enterprise. The company was established way back in the year 1874. Despite experiencing a temporary decline in terms of turnover in 2005, it has been growing…
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Innovation Organisation
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Innovation Organisation

Download file to see previous pages... Various tables and figures have been employed in order to justify the objectives of this research, and to provide evidence of the company’s operational excellence.
Present day business environment is very dynamic in nature which keeps on changing frequently with the changing market conditions at domestic and international level. Organisations existing in the present day business environment have sufficiently understood this fact and perform their market analysis and research activities to identify the changes. It is very essential for present day organisations to get adapted to the changes and maintain their business operations. To attain the level of flexibility required for adapting to the changes organisations develop innovative approaches to modify their business structure and systems as per the changes. This report discusses the theories of innovation and its real application in present day organisations. Irrespective of industry type every organisation is required to identify the changes and resist them. This report has considered the construction industry and its performance in the international market. BAM Construct UK Ltd. is one of the leading construction companies in UK and is a part of the European construction enterprise. The study has considered the company BAM Construct UK Ltd. as its sample organisation for analyzing the innovative practices performed within present day organisations. The study emphasizes various innovative approaches which are practiced in the sample organisation and also provides with suggestions on improving their innovation practices in regards to their product development activities. Organisations come up with innovative products which are developed as per the changing demands of the customers’. Organisations are required to update their product range at regular intervals which help them in gaining ...Download file to see next pagesRead More
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The report starts by describing the organisation and what it does and this will be followed by a clear explanation of the mission and vision of the organisation and the importance of innovative management in their strategic plan. Then after this, the report is divided into four tasks which focus on different aspects of innovative management.

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