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Innovative and Strategic Thinking

Student’s Name

Institution

Course

Instructor

Date
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Part A

Question 1

The founder's influence can be seen in the company's choices now that innovation is

ingrained in the organizational culture. For instance, the company's administration is

compelled to offer a lab where customers use the product and submit design comments. The

norm is that employees can contact the company's founders at any time to discuss ideas, form

partnerships, or make joint decisions. As a result, it is imperative that all staff members

critically assess the company's choice to ensure widespread buy-in. It is crucial to remember

that the Culture of the business has a major impact on the decisions made. Time-consuming

as it may be, including employees in every decision, ultimately benefits the company.

Its organizational structure heavily influences decisions in a corporation. How

managers and employees, or individual contributors, interact defines the communication

channels between them. The manager-employee relationship also plays a role in determining

the nature of the conflicts that develop and the best strategies for resolving them (Aleksidze,

2020). Thus, the decision-making process is influenced by the organization's structure. It is

important to emphasize the mission and vision statements' role in the organization's decision-

making. Its objective is to "deliver the most innovative customer-driven design and growth in

the market." As a result, the company's management will make decisions following its

purpose and vision statements.

Question 2

Consumers' purchasing decisions, their level of motivation, and their manner of life are

all influenced by cultural norms. The extent of the social impact can be gauged by the

frequency with which different sets of consumers purchase similar products. Expanding

international trade has made it imperative to enhance existing commercial infrastructure.

How customers respond to a company's offerings depends on the company's Culture. A good
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example of a company culture that encourages employee participation is one in which fishing

boats are produced. Staff members will aid with product promotion and quality control to

guarantee that the result is what the market demands.

Question 3

The company's success can be attributed partly to the chosen organizational structure.

To give just one example, it increases employees' sense of responsibility and leadership. In

addition to reducing the board's secrecy, this improves the efficiency and effectiveness of

communication among officials. A simpler active cycle among workers is supported by

having fewer levels of executives (Monteiro et al., 2020). When an organization is set up in

this way, the employee has a great deal of freedom to make decisions with little to no

management interference. Such funds are useful for a variety of other industry necessities,

including but not limited to promoting one's work and securing endorsements. Typically,

with a level structure, all supervisors are eliminated except for the highest directors, allowing

for a leaner operation and more productivity from the workforce.

Part B

Question 1

The company's goal for its India market entry is to become the preeminent foldable

fishing boat maker entering the country. This is an example of how emerging markets may

impact a company's product. Possible future expansion and development are two defining

features of emerging markets. This sector generates one percent of the country's GDP and

seven percent of the world's fish exports. As a result, the presence of these outside financiers

raises the prospect of growth in the sector. It can be used repeatedly and is most suited for

calm waters. As consumers' tastes shift, so will the goods they buy.
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Question 2

Regulations and guidelines support the use of fordable boats, which are easy for

fishermen to transport from their homes to the sea, and prohibit using motorized vessels. In

order to better protect the natural biological system, fishermen in India often use hand-

cranked boats. However, the country's business climate is open to new organizations that aim

to enhance the fishing experience for these people. Fordable boats must maintain their

distinctive qualities if this sector is to expand and flourish. The design process for the new

fordable boat could take some time. The company would have to conduct a series of tests to

determine which paper products and waterproof coatings are best suited for Indian fishers.

The company culture is that employees can contact the company's founders anytime to

discuss ideas, form partnerships, or make joint decisions. Everyone in the company must be

on board with design thinking; thus, everyone participates in an assessment of the company's

procedures. A company's organizational structure also has a significant role in shaping how

strategic design decisions are made. The nature of the relationships between managers and

employees/individual contributors determines the nature of the communication between

them. The new taxes regulations for new items are impacted by the global legal system,

which also complies with all legal requirements.

Question 3

The company's ethical commitment, "We will make decisions that are sustainable for

customers and the environment," has a favorable impact on the market entry strategy. Making

sustainable choices for the consumer will enable the market to satisfy consumer demand

while also protecting the environment. As a result, the market entry strategy will constantly

be affected by the industry's constant knowledge of the most recent market trends and

methods for meeting client needs.

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References

Aleksidze, N. (2020). Proper organizational Culture as a key Instrument for effective HR

management. In VIRTUAL Conference (p. 90).

Monteiro, G. P., Hopkins, A., & e Melo, P. F. F. (2020). How do organizational structures

impact operational safety? Part 1–Understanding the dangers of decentralization. Safety

Science, 123, 104568.