The paper "Role of Innovation in Logistics towards Development of Global Business" is a perfect example of business coursework. Logistics is the detailed organization and implementation of complex operation of any activity with the aim of obtaining a specific target in the field of business (Grabara, Kolcun and Kot, 2014). In the context of global business, it is through the organization of different supply strategies that ensure global supply takes place with little interferences. Innovations have taken center stage in ensuring that international businesses grow positively (Grabara, Modrak and Dima, 2014). It is important to understand that without innovations and appreciation of changes in the consumers’ behavior, then the industry of business would have greatly collapsed.
As businesses grow, their production rate increases and there is a need for them to extend their market share. With the increasing competition globally and the growing use of the internet as well as the application of various media for communication, several companies have gone global in supplying their products (Mcoe, 2014). Transformation and innovation have therefore become important factors in facilitating the supply of goods in the global business.
This paper evaluates the role that innovations in logistics have played in the emergence and development of international business. The paper evaluates the role of innovation by looking at the critical success factors that enable the companies to reach their goals in innovations. It proceeds further to look at various innovations in the logistics sectors with the effects they have brought into the supply within the global business. It then closes with the provision of the challenges encountered in the realization of the innovation roles in the global business. Critical success factors for reaching goals in innovation In every innovation activity, a good environment must be created to ensure that employees are greatly motivated and given awareness training towards new ideas creation (Verburg et al.
2013). Some of the important factors to consider in reaching the goals in innovation include; first, the culture and leadership which are mainly influenced by the management and leadership of the organization (Cheng et al. 2013). Understanding and appreciating different cultures in the economy ensures that different ideas are brought into the business.
When leadership combines the diversified cultures and ideas of the employees under their organization, they easily acquire knowledge and develop different innovations towards supply. Infliction of the culture of innovation by the management to the employees as well as a commitment by the leadership towards new idea creation is important in the development of the global business sector (Verburg et al. 2013). Secondly, every kind of business atmosphere needs the utilization of different approaches in determining the business success which has been determined to be the case for change (Ram, Corkindale and Wu, 2013).
The logisticians must become innovative and must be ready to handle change in the global market in order to remain relevant. They need to show the desire of doing an activity in a different way rather than sitting back and watching the same activity repeats itself (Savery, 2015). In the field of supply, the consumers’ needs change daily and it is only through innovations that their demands can be met. Thirdly, for innovation to take place there must be people to facilitate the whole process (Disterheft et al.
2015). Innovation involves looking for employees who are innovative and creative in entrepreneurship as well as those willing to change with the diversity in the global market. The staffs or employees when rotated in the field of business ensure drive in innovation as they bring different viewpoints and approaches in addressing challenges. The global business is characterized by several challenges hence require innovative ideas and rotation of the staffs to view the situations at different viewpoints (Verburg et al. 2013).
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