Innovation and Ethics Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Engineering Innovation and Ethics. Answer: Introduction A letter of gratitude to the company is the general way of thanks giving to the senior management of the company. The letter of thanks giving is the formality that is maintained while providing a report to the stakeholders and the shareholders of the company. The different officials associated with the formulation of the report have involved the stakeholders of the company in order to involve them to formulate strategies in terms of development of various operational activities in various parts of the world. The employees of the company are strictly adhered with the rules of the management of the company so that they can motivate the employees in terms of developing innovation and motivation among the minds of the employees. It can be said that the innovation is the core aspect of development of the company both in Australia as well as in different parts of the world. As a global leading resources company, its responsibility is to utilize the resources available both inside and outside the company so that they can gain the market reputation, sustainability and the profitability of the company. It can be said that the company is responsible for the innovation among the different aspects of innovation in utilizing the resources that are available in the international perspective. These aspects of innovation are also related to the factors of different activities of sustainability with the community (Steyn Niemann, 2014). Aspect of diffusion and entrepreneurship in innovation of BHP Billiton in the international perspective Diffusion and entrepreneurship are the two aspects that are related with the core aspect of innovation. Diffusion in innovation is a theoretical framework that seeks the organization while explaining the way, reason and the pace of implementing new technology, ideas to the different operational department of the organization. There are few elements associated with the concept of diffusion theory such as innovation, adopters, communication channels, time and social system. The process of diffusion in innovation occurs in five stages such as knowledge, decision, persuasion, implementation and confirmation (Grant et al., 2014). Organizations are more complex in nature while adopting the innovation process. The characteristics of the organization are tension for change, innovation system fit, assessment of implications. It can be said that BHP Billiton is considered as the largest multinational metal, petroleum and mining company. The company has focused on the approaches of innovation t o its core in order to gain a position in the market so that it can use its maximum resources both internal and external resources of it to the optimum level (Floris, Grant Cutcher, 2013). The company is known for its innovation as a leading global resource company in the world. There are many projects of BHP Billiton that will lead to the diffusion of innovation. The program of innovation in the aspect of mining services in terms of supply chain is an innovation to the company. The BHP Billiton cluster program in Chile is considered as the striking novel initiative that will help in participation of both the local suppliers of the region as well as the core mining operations of the company. The innovation link between the company and the suppliers develop a relation between the different operations of mining activities as well as sustainability aspects of the company (Crozier, 2017). On the other hand, entrepreneurship is another aspect that is linked with the concept of innovation. Both the concepts are related with one another. The company has developed the process of growth of entrepreneurship in the minds of the employees working with the company. The people associated with the company are encouraged by the senior management of the company in order to use the concept of entrepreneurship for the development of operations in different parts of the world. However, it can be said that the different aspect of entrepreneurship in BHP Billiton helps in the different aspects of innovation (Hecking Panke, 2015). The company encourages different employees who support entrepreneurship within the company with the use of technology and other software while formulating programs that makes easier in dealing with many mining operations across different parts of the world. Entrepreneurship is also related with the diffusion theory of innovation in a way. Both the concepts ha ve helped the company to earn success in terms of market reputation, profitability of the company in terms of different mining operations. There are many awards and recognitions that are initiated by the company in terms of improve the motivation of the employees that will help in the improving the nature of workplace as well as organization culture of BHP Billiton across its several branches across the world (Avanzi et al., 2017). References Avanzi, B., Prez, J. L., Wong, B., Yamazaki, K. (2017). On optimal joint reflective and refractive dividend strategies in spectrally positive Lvy models.Insurance: Mathematics and Economics,72, 148-162. Crozier, R. (2017).BHP Billiton creates maintenance innovation centre.iTnews. Retrieved 23 April 2017, from https://www.itnews.com.au/news/bhp-billiton-creates-maintenance-innovation-centre-440934 Floris, M., Grant, D., Cutcher, L. (2013). Mining the Discourse: Strategizing During BHP Billiton's Attempted Acquisition of Rio Tinto.Journal of Management Studies,50(7), 1185-1215. Grant, R., Butler, B., Orr, S., Murray, P. A. (2014).Contemporary strategic management: An Australasian perspective. John Wiley Sons Australia, Ltd.. Hecking, H., Panke, T. (2015). The global markets for coking coal and iron oreComplementary goods, integrated mining companies and strategic behavior.Energy Economics,52, 26-38. Steyn, B., Niemann, L. (2014). Strategic role of public relations in enterprise strategy, governance and sustainabilityA normative framework.Public Relations Review,40(2), 171-183.