Senior Mangement

Running Head : Senior management

University

Name

Course

Tutor

Senior management

Business management diversified . It calls for creativity , understanding and motivation of keeping to the focus . According to Premji , in his speech at Stanford Graduate School of Business , failure is necessary for any innovation to be achieved . He states that the possibility of forming new good thoughts is based on numerous mistaken ideas . He insists that failure ought to be pardoned and forgotten at once

However , a question comes shall we allow a series of failure streaming one

after another ? The truth is that most business administrators often find it hard to pardon the same mistake for a number of occasions . Most employees also find themselves in great fear after attempting the first mistake and realizing that the boss was at once on their neck . Since experience is the best teacher , it is important to learn from our experiences companies should include more experiments creating new products . When a new product is created and is delivered to clients they will most often comment on the negative part then correction can be done

When premji says , .companies should deliberately design a culture of innovativeness .and foster an environment for in which workers feel safe taking risks , even when they fail (Premji , 2006 . He dose not mean that we allow carelessness at work . He means that when ever an employee creatively tries to design a brand and it fails , correction should be made on the next batch of product for more customer...