Discuss what skills might be required from managers to cultivate and Essay - 1

Discuss what skills might be required from managers to cultivate and foster creativity and innovation in workforce. Use examples to illustrate your discussion - Essay Example It is only by realigning its goals and its operations to the changing economic conditions that an organization can continue being successful. In this regard, it reaming that managers should be competent with regard to managing change, bit within the organization and the change without the organization in order to remain competitive. These laws explain how acts by individual people with self interest lead to foreseeable results in the market. The laws define how competition is as a result of the individual people trying to achieve their own self interests. This competition then acts as the basis on which products are availed to the society. Competition, according to these laws creates a regulatory environment where the producers will have to confine themselves within these rules that come naturally from the competition forces, or they will be thrown out of the market. These producers are only motivated by profit and the only thing that can draw the boundary on how much they will exploit the society is Competition. Competition, according to Adam smith, does more than just regulate these producers, it pushes them towards meeting the society’s needs by forcing them to continually innovate products and goods that the society wants. Through this mechanism of Competition, the society subconsciously allocates, and reallocates the means of production to suit its needs. This leads to what Adam Smith referred to as the self regulating properties of the market. The constant need for economic growth leads to the need for constant change. Economic growth is a basic need in any society because the society wants to be able to meets its new needs to survive. As the society grown in terms of numbers, new challenges arrive and they must be dealt with. For instance, with increased population, more resources such as food, is required to keep the society fed. This would require better ways to produce food,