Essays on Creativity and Innovation in the Workplace - ARM Holdings plc Case Study

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The paper "Creativity and Innovation in the Workplace - ARM Holdings plc " is a great example of a business case study.   Undeniably, the connection between social change and creativity has always been natural. Generations of creative thinkers, as well as artists, have used protests paintings, songs, in addition to other visual arts so as to stir up activism and bring about the knowledge of cruelty, injustice, and inequalities (Tapton, 2013). These days, creative thinkers have directed their attention to areas like poverty, global warming, rape culture, globalization and they make use of novel technologies like social media together with more conventional forms of art to broadcast their message.

Still, as mentioned by Tapton (2013) creativity role in social change surpasses individual collectives. A social issue can be defined as a condition that at any rate, a number of people within the community see as being disagreeable, such as poverty. Poverty as per (Agola & Awange, 2014, p. 43) is a general dearth of scarcity or a condition of one lacking a particular amount of money or material possessions. There exist many creative companies but in my view, UK based ARM Holdings with a Market Cap of $24.54 Billion is the mist creative organization.

In this essay, we seek to provide critical analysis of problem-solving technique and solution to poverty as a social issue and provide substantial evidence why ARM Holdings is more creative. Discussion Statically, nearly 50% of the world population (more than 3 billion people are surviving on less than $2.50 daily, and the Gross Domestic Product (GDP) of more than 40 poor countries that are heavily indebted with a total population of 567 million people is below the riches of the world’ s top seven richest individuals combined.

Over one billion children live in extreme poverty. More than 600 million live with no ample shelter, slightly below 400 million lack accesses to safe drinking water, more than 250 million lack accesses to health services, and almost 29,000 children die every day (Shah, 2013). In poor countries, access to services like education, health as well as other services is impossible. Issues of malnutrition, hunger in addition to disease badly affect the poorest within the society.

Furthermore, the poorest are naturally marginalized from the community and lack voice or representation in political and public debates; thus, creating challenges in their efforts to break out of poverty. (Shah, 2013) Contrary, the richer people are gaining from political and economic policies. For instance, the world spends lots of money on financial bailouts, military, as well as other areas that are of benefit to rich people and spend less to address the day after day calamity of poverty and its associated challenges. In this case, multiple idea facilitation as a problem-solving technique may help solve poverty creatively: multiple idea facilitation is a creativity method intended for increasing the number of new ideas.

This technique as mentioned by Hunter et al. (2008, p. 235) is rooted in the notion that numerous ideas boost the possibility that one of the ideas has value. In this case, an idea is selected randomly, pondering on the similarities of the idea with the undesired circumstance, and confidently motivating an associated idea that results in a solution. Therefore, social entrepreneurs as persons with business expertise and on a social mission may offer the novel ideas required to accelerate the process of poverty reduction.

By integrating creative ideas from investments as well as individuals from civil society, private, public, and organizations, these entrepreneurs may direct multifaceted international food systems as well as rural organisations toward their objectives (Babu & Pinstrup-Andersen, 2009, p. 542). Regularly, however, unsuitable and oppressive bureaucratic processes together with inadequate knowledge of how rural institutions and food systems function have decelerated the implementation as well as recognition of creative solutions. Therefore, prospective social entrepreneurs do not have the inspiration to take the plunge, and their likely involvement with the international goals of poverty reduction is lost.

However, through social innovation, which connotes novel ideas, concepts, strategies that solve social issues together with social entrepreneurship are surfacing as hopeful approaches to global development (Babu & Pinstrup-Andersen, 2009, p. 543). Latest experiences have revealed that incorporating entrepreneurial spirit into the process of development may advance the intervention programs effectiveness.

References

Agola, N.O. & Awange, J.L., 2014. Globalized Poverty and Environment: 21st Century Challenges and Innovative Solutions. New York: Springer Science & Business Media.

ARM Holdings plc, 2013. Enabling Innovation Everywhere ARM Holdings. Strategic Report. Cambridge: ARM Holdings plc.

ARM Ltd, 2013. About ARM. [Online] Available at: http://ir.arm.com/phoenix.zhtml?c=197211&p=irol-irhome [Accessed 23 December 2014].

Babu, S. & Pinstrup-Andersen, P., 2009. Social Innovation and Entrepreneurship: Developing Capacity to Reduce Poverty and Hunger. In Braun, J.V., Hill, R.E. & Pandya-Lorch, R. The Poorest and Hungry: Assessments, Analyses, and Actions : an IFPRI 2020 Book. Northwest, Washington, D.C: International Food Policy Research Institute (IFPRI). pp.542-49.

Hunter, S.T., Mumford, M.D. & Bedell-Avers, K.E., 2008. Multi Level Issues in Creativity and Innovation. Bingley: Emerald Group Publishing.

Juma, C. et al., 2005. UN Millennium Project: Innovation. New Jersey: Earthscan.

Lodge, G.C. & Wilson, C., 2006. A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy. Princeton, New Jersey: Princeton University Press.

Shah, A., 2013. Poverty Facts and Stats. [Online] Available at: http://www.globalissues.org/article/26/poverty-facts-and-stats [Accessed 23 November 2014].

Tapton, L., 2013. Creativity as a Tool for Social Change. [Online] Available at: http://www.theartofdismantling.com/2013/08/16/creativity-as-a-tool-for-social-change/ [Accessed 23 November 2014].

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