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

Gucci And Innovation - Essay Example This paper intends to analyze the employee creativity and innovation as a key focus for most international organizations especially while trying to manage global economic crises in recession. Among other ways through which the multinationals remain strategic and influential in the international, market especially in terms of competition and market segmentation is through organizational processes and products/services differentiation. A key strategy that has been adopted in this regard is through adoption and focus on creativity and innovation. Employees have been very instrumental in ensuring relevance of the international organizations through creativity and innovation. However, the level of innovation and creativity by such employees has been dependent of institutional frameworks and thus organizational leadership becomes very instrumental in empowering the employees for such assignments as designing of products and services for the companies through innovation and creativity (OECD , 2009, p. 5-6). Discussion Innovation is a phenomenon that is socially acceptable, which brings together the ideas of different people and the implementation of the same. Moreover, through innovation, products and services are designed and made through the cooperation of people working together. The success of any organization especially in innovation and creativity requires the collaboration of efforts by the leadership as well as the subordinates. The management/leadership teams within organizations are usually tasked to propel the organization forward with implementation of policies meant for realization of goals and objectives carried on by the organization. In fact, many studies reveal that to many organizations, goals are just one and the same as the performance of the organization itself. However, it is more challenging to realize set goals and there must be some frameworks through which the realization of set goals; short term as well as the long-term goals (Ordonez et al, 2009, p.1-5). The process of driving the international organization towards realization of the set goals entails among other things proper planning and human resource management. International organizations’ management such as is the case with Gucci undertakes the planning in terms of short-term vision as well as long-term vision. Whenever an organization adopts either short-term goals or the long-range vision, continuous improvement is vital in order to realize that long-term objective. Nevertheless, changes in management practices have seen a substantial shift of the management practices from long range planning to much simplified planning structures, which concentrate with very short-term goals that are easy to achieve and evaluate. In order for any business to remain relevant and objective, the periodical evaluation and analysis of performance is critical. Innovation and creativity is such a basic tool that is currently in use in order to realize such goals especially aimed at overcoming the effect o f economic recession that affects the global economy today (Sharma et al, 2010, p. 29-30). In the choice of management practice to adopt, any management team must therefore put profit consideration into perspective. Continuous