Executive Summary Critical Essay Example
Executive Summary Critical Essay Example

Executive Summary Critical Essay Example

Available Only on StudyHippo
  • Pages: 2 (366 words)
  • Published: December 16, 2017
  • Type: Report
View Entire Sample
Text preview

This report offers recommendations for fostering an employee's creative thinking, which can contribute to the organization's productivity and growth. The focus of this report is BP Insurances, an Insurance company that provides Insurance and financial planning services to individual and commercial clients worldwide. The Human Resource Department of BP Insurance Corporation has been selected as the ideal department for promoting positive creativity and innovation in the workplace.

The Human Resource Department is selected for its role in recruiting and training employees. Engaging in creative and lateral thinking brings advantages such as the ability to set higher prices for new services and products. Additionally, successful new products can result in a larger market share, ultimately increasing shareholder returns. Moreover, an individual's innovative thinking can also inspire colleagues and enhance their motivation.

The obstacles faced in creative and innovative thinking

...

can involve the undervaluation of conventional thinking methods and failure to acknowledge an individual's creativity. Managing creativity and innovation aids in tackling global competition and gaining an edge over similar organizations offering comparable products and services. Moreover, creative and innovative thinking alleviates pressure on the business process and streamlines business process management.

Introduction retaliates with Innovation when Implemented, resulting in the flourishing of essential tools for the growth of companies, economies, and countries. Diversity plays a crucial role in promoting innovation, along with brainstorming and lateral thinking. These practices foster the development of creativity and innovation, leading to benefits for companies in the short and long term. Creativity and innovation management are now seen as new challenges for organizations globally.

The significance of creativity and innovation in today's competitive international market is highlighted in thi

View entire sample
Join StudyHippo to see entire essay

assignment. It focuses on the role of the Human Resource Department in promoting and strengthening creative and innovative management within an organization. The report offers solutions for fostering creative thinking among employees, thereby contributing to the organization's productivity and growth.

BP Insurance is a well-known insurance provider with strong employee and Human Resource Department relations, attracting highly skilled individuals. Nowadays, companies recognize the importance of innovation but often misunderstand it. It is crucial to understand that there is a difference between creativity and innovation, according to literature.

Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New