Role and Possibility of Creativity in Strategy Work Free Sample

Questions: 1.Discuss the Role and Possibility of Creativity in Strategy Work. 2.Outline How Strategic Managers can Combine Exploitation with Exploration. 3.Highlight how, from your Own Experience, such a Mix between Efficiency Increases and Innovation can be Established, and How Legitimacy Can be gained from Key Stakeholders. Answers: 1.Role and possibility of creativity in strategy work Creativity can be recognized as rectifying the issues. Creation is said to be aim-based and is deeply concentrated about results and fixing of issues and lead to the growth and production. By applying his/her goals and actions, a creative person can use his creative concepts to eliminate obstacle, which can spoil their development(Ben Eastaugh. 2010). The impact of creative items as well as the services not only influences the fresh industries growth as well as new employments, leading in to make fresh concepts, which completely alters existing industrial regulations. 2.Strategic managers can combine exploitation with exploration In this section, variances of firms aspects are discussed that totally depends upon the managers capability of exploitation and exploration activities (Alvarez, H.L., 2006). Generally, the reviews totally differ regarding the any particular organizational aspect, which they recognized, describes the literature can significantly assist through a theoretical discussion regarding what kind of aspects to be comprised or eliminate in an evaluation regarding the influence of organizational aspects on Managers exploitation and exploration activities. 3.Establishment of efficiency increase and innovation and gaining in legitimacy of key stakeholders In carrying out the successful strategized operations of the organization, innovation not constantly engage advancing fresh items or services; rather it can also concentrate on growing the efficiency of the existing processes like gaining legitimacy for the stakeholders(Nowell, B. (2009) . After the recognition of external and internal means, a new organization can attain legitimacy for stakeholders and get assisted by proposing different types of legitimizing action. References: Alvarez, H.L., 2006. Distributed Collaborative Learning Communities Enabled by Information Communication Technology. Nowell, B. (2009). Profiling capacity for coordination and systems change: The relative contribution of stakeholder relationships in inter-organizational collaborative. American Journal of Community Psychology.