Cath Kidston Limited company- Critically review that role of Essay

Cath Kidston Limited company- Critically review that role of enterprise in the social and economic development of a region. Include a comparison of different cultural contexts - Essay Example ording to the performance review estimates; the growth value that they have added in the United Kingdom economy is around 49.8 percent (Wang & Altinay 2012, 8). SMEs also contribute a great deal to larger companies, by providing vital resources and completing business functions that bigger enterprises are unable to complete. Such companies are better able to attract and train new talent to develop innovative products that are better targeted towards the needs of their local communities. However, these enterprises face a number of challenges as they are often overlooked by the policy makers. Information regarding them is often scarce; support and policy targeted to their needs are also a great challenge (Bravo-Biosca & Westlake 2009, Par 1). Many businesses start up as one’s person idea and the creator in most cases is often an entrepreneur who spots a gap in the market or an opportunity that they can engage in business. The entrepreneur will, therefore, seize the opportunity and start a business to fill the gap and will grow to a large enterprise with proper support and management (Barnes & Haskel 2002, par 1). With the a few exceptions, most of the world’s largest companies all started as small business enterprises and through the supportive economy, access to the right people and capital turn to become global corporations. In regards to this, this paper discuss the Cath Kidston limited company that started as a small sized enterprise and over the years the company has grown to be recognized as a global brand. The paper will analyze the company’s products, its targeted social class, growth and productivity, societal impact as well as its role in the social and economic development of the region. Cath Kidston Limited is a business of home furnishing retail shops that are located in England under the designer Cath Kidson, who opened her first shop in 1994 in London. The enterprise was opened as a small enterprise that initially used to sell hand embroidered

Innovation and Management of Change Essay Example | Topics and Well Written Essays - 3250 words

Innovation and Management of Change - Essay Example The innovation is a result of knowledge management, value chain management, customer partnership, distribution, finance, manufacturing and competitiveness. The innovation and changes it brings in the organizations can be analysed by a frame work and different models. These are useful in assessing the effectiveness of innovation and change. The structure, systems, style, skills, staff and shared values are the key elements in making any organization successful. This tells that the innovation and change also should be brought in these elements uniformly so that they effect each other's operations positively. This helps the managers to address and manage the difficulties posed by changes that are necessary for long term development of the company. In general the initiation of the innovation by leaders in the managers will lead to break the rules. The declaration of the future by the leader will involve a purpose for the company in the future. This involves the enterprise wide approach t o business process management and can remove the obstacles blocking execution of management intentions. This increases agility and focus on the activities of the business. When organizational structure defines the framework, there is less probability for innovation. The innovation and successful change is possible by it when work defines the organizational structure. The organizational defined such will be flexible, permeable and fluid. 1 2. Organisational Culture Today's business environment needs innovative techniques in the way they work. Identification of work place practices that respond to the challenges of innovation and change is necessary. In case of Fel Pro all the practices are concentrated on employee welfare and less on innovation. The organisational culture has driven the work and work did not drove the organisational culture in the organisation. Though the company is exemplary in taking care of employees, it lacked innovation in production, products, marketing. Innovation and change in positive direction will help the organisation to create better jobs and better business. Though in 1993 the company is in good position, after 10 years, the company is in a fix to hold its customers who are big manufacturers. Though it has minimum attrition rate of the employees, the company is facing the risk of loosing the market for its products. The reluctance of the management to globalise the company can be an example for innovation. The com pany is successful in using all the funds available to develop fixed assets that are not useful to innovate production like employee entertainment and recreation. Even the basic steps that help to create better jobs and better business results are absent. The company followed more conventional methods than the innovative changes. The high performance of the company is due to the discipline and perfection in a particular are of the production and that are has not been innovated in the course of time. The staff should intend to high performance that is innovative and changing according to the market needs and changes. The company has improved the benefits for the employees and employee relations with the management but did not forecast the decrease of the market for gaskets, for which it has mastered the production activities. Though