Answer to Question #176942 in Management for Priscilla

Question

You work as a consultant. Your current assignment is to advise a large, traditional manufacturing firm whose products are facing obsolescence. Your initial audit of the company highlights a failure to innovate over many years. You have been asked to prepare a presentation to the manufacturing company’s senior management suggesting ways in which the company could become more innovative. Provide a brief report which explains the points that you would cover in your presentation. Your report should be in continuous prose, using a report format (headed paragraphs).

Answer 1

Making A Company More Innovative

When discussing about innovative companies we must pay attention to these companies :Apple, Amazon, and Google. Over the past years these companies have held the best innovative methods. When the market changes they respond quickly to new changes. A company can become more innovative if it considers the following factors:

Consult Customers: Before doing innovation conduct a market survey about the satisfaction and dissatisfactions of customers.

Leadership skills set: Those given the top leadership ranks should have the skills to run the company ,in order to keep the success of the company going.

Maximize what you have in your team: If your team is not innovative assign them a project that will help them create new things and forget about the past.