Hakim Group Implement Innovation In Their Business Process

TASK 1

P1 Importance of innovation and its comparison with invention

Innovation can be defined as turning ideas into reality which helps to increase some additional value in their existing products and services form perspective of consumers . Management of firm is participating with all staff members into changes which help to completing task in new ways to get target in limited period of time (Aarikka-Stenroos and Sandberg, 2012). When organisation has used creativity in their commodities then they are able to increase brand value in industry.

Importance of innovation has been explained as follows:

• Various kinds of issues arise during completion of whole enterprises activities so that innovation helps management of the company to operate business which helps to sustain in future.  
• Through creativity, organisation has capability to take benefits of global entrepreneurship movement that provide higher profits and market share.
• Latest technology provides a competitive advantage by offering diversified goods as compare to their competitors. Through this, HAKIM group had increased their brand value and market position. 
• Through innovation, enterprises have been able to enhance international connectivity to gain global presence.

Invention: It is a process which is beneficial in producing completely new goods that cannot sell before or introduced by any other organisation in same industry. It is creative capabilities of the company (Bogers and West,  2010). Invention is a unique and novel process of completing task to produce goods. Comparison between invention and innovation has detail below:

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P2 How organisational vision, culture, leadership and teamwork can shape innovation and commercialisation 

Within an organisation, management of the set vision, mission in order to run whole business activities in right path. For this, the manager of the HAKIM group had developed strategies to achieve their visions effectively for a longer period. It is an administrative responsibility to build a healthy working environment that helps to build a positive working culture thus motivates employees to participate into innovative activities (Ettlie and Rosenthal, 2012). Its show change in consumers behaviour and attitude that is arise due to implementation of creative idea infirm thus help to boost employees self confidence and morale. Some time, organisation set unfeasible objectives which cannot achievable so that it is very important to make their vision should be SMART. The impact of culture, teamwork, vision, leadership on creativity at the workplace is explained as follows: 

Vision: Owner of the company has established vision and management has developed strategies that help to achieve this vision effectively. Thus help to run business on right direction and they are made some short-term objectives to competing task in an appropriate manner. Human resources manager of HAKIM group has conducted training program for their employees who help to enhance their skills and professional knowledge. Through this, all staff members have able to give contribution in innovating work process in an effective ways.  

Leadership: Leaders of  company has been able to influence their team members’ behaviours and motivate them to competing task in new ways in order to achieve objectives. They play a vital role in planning, managing, organising and directing employees within the workplace. A leader has an ability to build a positive attitude in order to execute creativity among members which helps in producing goods with some additional value (Gambardella and McGahan,  2010). For an organisation, it is very important to provide training to their leaders to build innovative skills that manage all inventions effectively at the workplace.      

Teamwork: It is a most important factor for an organisation, they are focused on their team because all work is done into the group and no one single person is not able to achieve the entire task in an effective way. When whole team has work together then they are capable to achieve goals by developing new innovative ideas that increase profitability of firms.

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