Innovation Organisation Essay Example | Topics and Well Written Essays - 2500 words

Innovation Organisation - Essay ExampleVarious tables and figures deem been employed in order to justify the objectives of this research, and to provide evidence of the companys operational excellence.Present day business environment is very dynamic in constitution which keeps on changing frequently with the changing market conditions at domestic and international level. Organisations existing in the present day business environment have sufficiently understood this fact and perform their market analysis and research activities to identify the changes. It is very essential for present day organisations to get adapted to the changes and nurse their business operations. To attain the level of flexibility demand for adapting to the changes organisations develop innovative approaches to modify their business structure and systems as per the changes. This report discusses the theories of innovation and its real occupation in present day organisations. Irrespective of industry type ev ery organisation is required to identify the changes and resist them. This report has considered the construction industry and its consummation in the international market. BAM Construct UK Ltd. is one of the leading construction companies in UK and is a part of the European construction enterprise. The study has considered the company BAM Construct UK Ltd. as its sample organisation for analyzing the innovative practices performed within present day organisations. The study emphasizes various innovative approaches which are practiced in the sample organisation and alike provides with suggestions on improving their innovation practices in regards to their product development activities. Organisations come up with innovative products which are developed as per the changing demands of the customers. Organisations are required to update their product range at regular intervals which help them in gaining