Leadership and Diffusion. Business & Marketing Coursework

Management Practices
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Importance of innovation in management practices
Management practices are linked to the productivity and performance of any organization. It incorporates innovations and strategies such as quality improvements, training of staff, forms of technology, and empowering employees used by leaders to improve the effectiveness of work systems (Nicholas Bloom, 2017). Therefore, to achieve a competitive edge, drive customer experience, build and strengthen brand awareness, attract top talent, and enhance productivity and performance, organizations must embrace innovation in management practices.
In the dynamic business environment, firms encounter escalating challenges of competition, innovating new product portfolio and technological proficiencies, and introducing invention into non-technological capabilities areas such as management (Strugar-Jelača, 2016). However, if businesses are to survive the ever-changing business environment, they must utilize significant ma...