1) Do you think project management plays a significant role in success of a company? explain.
2) How do you think the implementation of innovation at workplace benefits the company and its employees?
3) What are the challenges to implement an innovation system in a corporate environment?
Please provide references....Thanks!!!!
1. Project management helps in proper planning and execution of a project. It helps us ensure that the project is going as planned and would yield required results. It would therefore help in successful completion of the project . When projects gets completed successfully , it helps in the development of the company and hence would result in the success of the company. Hence project management plays a significant role in success of a company .
2. Innovations always bring out new aspects of the company and employees and helps in sustaining the competitive markets . They sometimes result in surprising success which might increase the level of the company to new heights. The employees also get the recognition they require and this helps in their career development. Innovations helps increasing the revenue of the company as well as earnings of employees and therefore are very beneficial to the company and it's employees.
3. In corporate environment there would be lot of pressure from stakeholders and shareholders for the success of a company such that it would be very difficult for the company to try something new . In global environment it is very difficult to implement innovative strategies because one mistake can result in the company going into loses and resulting in the downfall of the company. Hence every step needs to be taken with care and planning and innovation always involves risks . Company needs to be prepared for facing the risks and only then get into implementation of innovative system.
1) Do you think project management plays a significant role in success of a company? explain....
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