The development of a proper and befitting culture in the organization provides an efficient manner that facilitates proper interactions between employees and the business. Additionally, this concept also creates a sense of belonging and thus encourages employees to focus on their work as they believe in the company and the importance of their role regarding their personal growth/development as well as that of the enterprise. Despite being different in accordance with a variety of business needs, focus areas, and business sectors, a culture of innovation and product development should be developed to ensure survival in an increasingly competitive business market.
It is for this reason that the proposed 30% of ‘free time’ will effectively encourage innovation and product development among employees. This growth is modeled after the success of the concept in other innovative companies such as 3M, Hewlett-Packard, and Google. The 21st-century employee is one who values time and shows a profound interest in the creation of value, for both self and the organization. For this reason, the consideration or the offering of paid time-off becomes an ideal motivator, thereby providing the reason behind this introduction in the company.
As opposed to the past, entrepreneurship has become a fad in the current business environment. In this regard, companies have responded by encouraging intrapreneurs to nurture talent, facilitate innovation and spur creativity among employees.
An individual’s personal project entails the creation of a product that will generate 50,000 users using their team to facilitate this accomplishment. As such, individuals will create their team comprised of engineers, marketers, and designers, amongst others. In this case, individuals will be required to think critically regarding the choice of product to develop. Successful product development starts with the product. In this case, the product one develops should create interest among those in the target market. In this regard, the provision of the need to reach an initial 50,000 new users before receiving additional benefits is developed from this concept. This aspect proves that the product produced is indeed required in the market, thereby validating the idea.
In this case, employees will be inclined to think outside the box to create products that are either not accessible or available in the market or those which they can improve on to serve customers in a better way. A guiding aspect towards this aspect is that the product developed should add value to the intended customer. As such, one will be inclined to purchase the product if he/she thinks it will make life easier and better. Therefore, such ideas will trigger an encourage innovation among employees.
Furthermore, the other provision that one is in control of the team they create that will facilitate and improve on teamwork. Successful innovation and product development are influenced significantly by the creation of a group of like-minded individuals who believe in the concept or product and are willing to invest their time and expertise to see the product through its development cycle successfully. In this case, as the leader of the project team, one will be tasked with the function of providing the direction to the team and ensuring each individual fully understands their role in the project. For instance, designers and engineers will be needed to provide the prototype and proof of concept by ensuring the product’s functionality is working as expected or meets its objectives. On the other hand, marketers will be responsible for the formulation of effective marketing strategies and campaigns geared towards increasing the reach of the product. Considering that this is a team effort, despite their roles, all individuals will be required to work together to meet the agreed objectives. In the process, the owner of the personal project will all the while be learning essential leadership skills that will be required for the next level upon the product garnering more than 50,000 users.
If successful, the individual will be promoted to a Project Manager and will have the pleasure of taking his/her team and product to the market. In this regard, one will have the required resources on the company’s tab at his/her disposal. This concept is supported since one has been able to lead his/her team effectively to provide the proof of concept, one that is defined by the product’s usability and interest in the market that has seen it attract more than 50,000 users. This aspect is also driven by the indication that one has been able to use the available resources, proving they have been able to use their creativity and innovation to meet the product’s needs. As a result, their ability to succeed in this endeavor will be rewarded with additional funding resources. One will, therefore, be inclined to use the additional resources in a lean manner, following their conditioning during their product development journey.
Furthermore, the successful team will also enjoy additional support regarding expertise in terms of the availability of the company’s personnel considered necessary to fine tune the product’s needs concerning functionality and design. This aspect will lead to the development of a market-ready product.
The development of this culture will be advantageous to both the company and the employees. In the first instance, the company stands to gain regarding employee loyalty and satisfaction, leading to improved performance and consequently, higher profit margins. On the other hand, employees will gain from exploring their creativity and innovativeness and later rewarded by the freedom and professional growth brought by their participation in their personal projects.
Organizational Culture Essays Example
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WowEssays. (2023, March, 30) Organizational Culture Essays Example. Retrieved November 21, 2024, from https://www.wowessays.com/free-samples/organizational-culture-essays-example/
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"Organizational Culture Essays Example." WowEssays, Mar 30, 2023. Accessed November 21, 2024. https://www.wowessays.com/free-samples/organizational-culture-essays-example/
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"Organizational Culture Essays Example," Free Essay Examples - WowEssays.com, 30-Mar-2023. [Online]. Available: https://www.wowessays.com/free-samples/organizational-culture-essays-example/. [Accessed: 21-Nov-2024].
Organizational Culture Essays Example. Free Essay Examples - WowEssays.com. https://www.wowessays.com/free-samples/organizational-culture-essays-example/. Published Mar 30, 2023. Accessed November 21, 2024.
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