This will help the company to prioritize and strategize the innovation, done by the research department. Lack of experience - Not everybody is impassive to be a businessperson. Analyze the strength and weakness of starting own business. It is important for entrepreneurs to self-starters who are great at arranging, sorting out, and settling on choices that can advantage their business in the long term. It is also important to pick the right business, which may not be the most gainful, but rather the one in which have the most interest and ability sets.
 The management will set the scale of decisions and require team to make a certain decision which is related to the project goal and depend on the project process or strategies. It will limit the autonomy but lead all the discussion at the same direction. Sometimes, this kind of external autonomy is beneficial because it provide important feedback to help project completion or encourage creativity within the team by discouraging groupthink.  However, if there is a task about highly complex software development, where the requirements of customer may change frequently, the control and decision-making from external may become ineffective in this occasion. It is better make decision and control inside the group which is easily to deal with the uncertain change of
Macro Environment Analysis Pest Analysis is used to analysis external macro environment that offers opportunities or threats to a company (Kolter and Armstrong, 2008). The PEST analysis is all generally considered to be an uncontrollable environment which out of the company control. PEST standing for Political, Economic, Social, and Technological. Political Analysis The growth-orientated policies of the US government help companies foster the business growth. In this context, US policies offer Nike the opportunity to modernize their product (Research and Markets, 2007).
Many lessons can be learned from the external analysis! First, the most important take away is that you must know your own business, and know it well. Knowing the details of your business allows for pointed questions to be asked that will guide research in the appropriate direction. It will not serve me well to ask and research the wrong questions. Effective decision making is the distinguishing factor that determines success, and decisions that are based on research rather than intuition have a higher probability of accomplishment (Nassar, 2007).
Mergers are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combine (Adesegun & Nelson, 2013). Merger plays vital role for an organization in achieving its financial strategies and varied objectives or goals. Because when a company enters into merger it gives strength and growth to companies and improve competition which are good in realizing synergistic benefits. The growth of company involves two ways: one is the organic and second is the inorganic growth. Organic growth arises when company grows from its own resources it is also known as internal growth.
Theory of Constraints and Supply Chain Management Name Institution Abstract The theory of constraints presents an important tool through which modern managers can improve organizational processes and increase profits. The theory views constraints within an organization’s systems as opportunities for improvement rather than obstacles to success. First introduced by Eliyahu Goldratt in his novel The Goal: A Process of Ongoing Improvement, the theory has been used widely in the mainstream management field. However, the theory has not been widely applied in supply chain management despite its range of benefits in this field. The theory allows for practical and effective information management in supply chains while promoting global inspiration to collaborate among workers from diverse geographic backgrounds.
Individuals can figure out how interpersonal organizations holders. Learning from researches - Adapting through research is an essential and modern independent learning. Capability to utilize the web can give up-to-the-moment information from a reach of sources. A Personal Learning Environment comprises all the diverse Internet apparatuses we can use for taking in. Social programming is progressively being utilized within training and preparing through such requisitions as web logs, wikis, apparatuses and provisions for making and offering multi media and devices for imparting different sorts of distinctive particular learning bases including bookmarks and book accumulations.
Gartner, W. believes that the entrepreneur is part of the complex process of new venture creation and research entrepreneur should focus on what they does. Entrepreneurs often proceed with a very different order of questions compared with administrators. Therefore, someone who discovers and identifies the opportunities is not necessarily an entrepreneur. It is very important to capitalize the opportunities. So entrepreneurs are identified by a set of behaviors which connect them with organization creation.