BSc (Hons) Business Management Top up
BMP5005 Enterprise, Innovation & Creativity
Relationship between Enterprise Culture, Creativity and Innovation
Semester 1
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Table of Contents
Introduction
The essay is about the ‘Relationship between Enterprise culture, Creativity and Innovation’. These factors play a major role in the social as well as economic development of the organization. The essay will discuss the enterprise culture, creativity and innovation and their role in the organization. Apart from this, the study will discuss the relationship between those three factors which are associated with the social and economic development of an organization. For organizational progress, these three factors have strong coordination which can be achieved by implementing effective strategies in an organization. The culture of an organization influences the employee and their motivation. The positive work cultures motivate the employee to work towards the organizational goals and objectives. The leader and manager of a firm must promote creativity and innovation in an organization. Promoting innovation and creativity will boost the confidence of the employee.
The relationship between Enterprise Culture, Creativity and Innovation and an examination of how they contribute to social and economic progress
Enterprise culture is a work environment that has the potential to motivate the employee to work towards the organizational goals and objectives (Lam et al., 2021). Creativity is defined as the mental ability of the employee to imagine new, fresh and unique ideas (Mallia, 2019). It is one of the important aspects of the enterprise which get boosted whenever the organization implements a positive work culture in the company. Innovation is understood as the method of transforming forward-thinking fresh thoughts into actions, items, activities, or procedures that provide value (Benraouane et al., 2021). Innovation is almost similar to that of creativity which also gets enhanced whenever the leader or manager of an organization implements rights leadership and management style in an organization. The enterprise culture has significant importance in the company as it has the potential to inspire the employee of an organization. Enterprise uses different leadership styles to motivate the employees. Situational leadership, Transactional leadership, transformational leadership style is a few of the leadership style that motivates the employee to work towards organizational growth. The negative enterprise culture demotivates the employee and they failed to work towards the aim and objectives of the organization. Recognizing the employee and rewarding them for their outstanding performance is a part of the work culture (Edmondson, 2018). This inspires the employee to work with more zeal and enthusiasm. Understanding the situation of the employee and providing them with proper guidance is essential which is a part of the enterprise culture. A healthy and positive work culture promotes creativity and innovation in the organization. Creativity plays a major role in organizational performance. If employees of an organization are motivated then they feel more positive which enhances the productivity of the employee. The motivated employee works creatively and innovatively. Creativity and innovation help the organization in improving social and economic development. In order to enhance the organizational performance, it is essential to motivate the employee and this can be possible with the help of the implementation of healthy work culture. This will enhance the creativity of the employee.
Enterprise culture, creativity and innovation are interconnected with each other. The work culture of the organization should positive and friendly as it has the power to influence the employee of an organization. The positive and friendly work culture of the enterprise motivates the employee to work hard towards the organizational goals and objectives. The motivated and satisfied employee thinks creatively and tries to produce excellent work for the organization. The creative employee has the ability to innovate new things for organizational growth. The friendly work culture of the organization gives birth to creativity and innovation. Creativity is considered as the mental ability of the employee. If the employee is stable and happy then that person could be able to think creatively. The creative person often comes up with innovative and unique ideas that help in the organizational progress (Chesbrough, 2019). The innovative person transforms forward-looking ideas into real-world commercial goods and services. The transformation brings the incremental revolution in the organization and it creates a substantial impact on the organizational progress. For example, if the person is able to think creative then it’s because that the person has the forward-thinking ability and this could be possible if the organization has a positive and healthy work culture. The relationship between enterprise culture, creativity and innovation have substantial importance as it contributes to the economy of the organization as well as the country. These key elements are considered as the value addition factors to the organization as well as an employee of an organization. The corporate environment aids in the smoother recruiting process and enhances the firm's vitality, allowing the organization to develop commercially robust and reliant. Enterprise culture assists personnel in dealing with difficult situations and in reaching their goals, which together make a significant contribution to the business's economic development. Corporate cultures leaders and employees in fostering emotional wellbeing, as well as allow for the development of a balanced connection between staff and the company's administration. The positive work cultures enhance the productivity of the employee and that is directly connected to the creativity of the employee as an employee can think creatively if and only if they are working in a positive and healthy enterprise culture (Asif et al., 2019). And it needs to understand that it is difficult to develop an innovative organization if the employee of an organization doesn’t have the creativity. Also, without positive enterprise culture, the staff of an organization can not think creatively. They are interlinked with each other. The absence of positive work culture in an organization could lead to bad performance of the employee as well as the organization. The strong relation between these three factors leads to the success of the organization. The absence of creativity could hamper innovation in an organization. This is how enterprise culture, creativity and innovation shred the relation.
Enterprise culture, innovation, and creativity play an important role in the social and economic development of the firm. Every factor has its importance the business growth is totally dependent on these factors. All the factors are responsible for the economic and social growth of the company. Enterprise culture has major importance because enterprise culture decides the environment in the workplace and allows the employees to be more productive in the workplace. Enterprise culture plays a major role in making the workspace more positive and creative. The enterprise culture helps in making the onboarding process more smoothly and the strength of the company increase and this helps the company to grow economically strong and independent. Enterprise culture helps the employees in handling the stressful situation and also helps the staff in achieving its objectives which directly contributes to the economic growth of the company. Business cultures help the employees in promoting mental and physical health and it also allows the creating a healthy relationship between the employees and the company which directly helps the firm to be strong socially. Enterprise culture enhances joy in the workplace which allows the employees to be more productive and happier at the workplace and this directly contributes to the economic and social growth of the firm. Enterprise culture allows the firm to practice employee wellbeing more effectively and efficiently which helps the firm to progress socially. Enterprise culture allows new recruitments to communicate easily and also allows the firm to generate more results from employees without sacrificing the quality of work and healthy relationship between employees and firm. Creativity also plays a major role in the business and contribute majorly to business growth in all major factors like economic, social, and many more. Creativity has crucial importance in any business because it allows the business to flourish and stand out in the industry and also allows the firm in achieving high growth in all factors like economic, social, and many others. Creativity enhances the vision of employees and helps them to think differently and this allows them to stand out from the crowd. Creativity helps enhance the appearance and features of the product which helps the consumers and also helps the firm in achievei9ng business growth and this directly results in a high contribution to the social and economic progress of the firm. Creativity allows everyone to express their opinion in the workplace which improves the quality of work and this helps the company to adopt the quality in their products the products solve major issues of the consumers and this means the company is socially progressing. Products with great creativity will also improve the business growth and will also give a boost to the economic progress of the firm (Brandenburger, 2019). Creativity enhances the experience of employees as well as the consumers of the company which helps in achieve in high business growth which will be economic progress for the firm while the loyalty of consumers and employees helps the firm in progressing socially. After creative and enterprise culture innovation plays the most important role in increasing economic and social growth. Innovation helps in enhancing the product and services which solves major obstacles of consumers which results in more sales and high business growth of the firm which allows the firm in progressing socially and economically (Anwar, 2018). Innovation has major importance in all types of business because it is the driving force for the firm in order to attain high business growth, high brand value, high brand loyalty, and the list goes on. Innovation also helps the employees of the company in gaining recognition in the firm with helps the firm in achieving social growth (Udriyah et al., 2019). Innovation is the most important pillar of any kind of business because innovation has a great potential of rewarding the company with high-profit margins and also will allow the company to be economically independent. Innovation allows the company to solve problems more easily which helps the firm in achieving social advantage because it helps the consumers in solving problems. Innovative ideas have major potential in increasing the market share of the organization and also allow the firm in achieving a competitive edge in the marketplace all the organization in achieving high social and economic progress. All the major factors play an important role in allowing the company to grow at a high rate in economic and social areas. These factors are major pillars of the organization and enhance the quality of the organization which helps the firm in attain high business growth. All these factors allow contributing social and economic growth of the company. These factors allow the firm in being highly competitive in the marketplace. Innovation and creativity are the driving forces that boost the company to achieve competitive advantages in the industry and also help the firm in eliminating competition and this advantage helps the company in progressing economically and socially (Pavlovska, 2020). The enterprise culture encourages the organization in achieving social growth and social progress because enterprise culture majorly revolves around the employees and this allows the employees to be more efficient with affecting their happiness.
Concluding Remarks
The study has concluded about innovation, enterprise culture and creativity in detail. The study has also concluded about how these factors play a crucial role in the overall growth of the organization. Further, the essay has briefed about these factors in terms of the social and economic growth of the firm. Furthermore, the study has also briefed about the importance of these factors for the organization and how they can impact the growth of the firm. Moreover, the essay has briefed about how the enterprise culture improves the motivation of employees and also how it can help the business to grow. The study has concluded about how innovation, creativity, and enterprise culture create an impact on the social and economic growth of the company. The essay has discussed how the firm can promote the factors for achieving overall growth.
References
Anwar, M., 2018. Business model innovation and SMEs performance—Does competitive advantage mediate?. International Journal of Innovation Management, 22(07), p.1850057.
Asif, M., Qing, M., Hwang, J. and Shi, H., 2019. Ethical leadership, affective commitment, work engagement, and creativity: Testing a multiple mediation approach. Sustainability, 11(16), p.4489.
Benraouane, S.A. and Harrington, H.J., 2021. Using the ISO 56002 Innovation Management System: A Practical Guide for Implementation and Building a Culture of Innovation. CRC Press.
Brandenburger, A., 2019. Strategy needs creativity. dreaming, 25, p.12G33.
Chesbrough, H., 2019. Open innovation results: Going beyond the hype and getting down to business. Oxford University Press.
Edmondson, A.C., 2018. The fearless organization: Creating psychological safety in the workplace for learning, innovation, and growth. John Wiley & Sons.
Lam, L., Nguyen, P., Le, N. and Tran, K., 2021. The relation among organizational culture, knowledge management, and innovation capability: Its implication for open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 7(1), p.66.
Mallia, K.L., 2019. Leadership in the creative industries: Principles and practice. John Wiley & Sons.
Pavlovska, L., 2020. PROVIDING COMPETITIVE ADVANTAGES AND BUSINESS BENEFITS. Economics. Management. Innovations, (1 (26)).
Udriyah, U., Tham, J. and Azam, S., 2019. The effects of market orientation and innovation on competitive advantage and business performance of textile SMEs. Management Science Letters, 9(9), pp.1419-1428.
