Hayward Tyler Group is one of the major global company involves in the manufacturing and design of fluid-filled electric pumps and motors. The company established in 1815. https://www.allassignmenthelp.com/

1. Creativity, Innovation, and
Entrepreneurship
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2. Introduction
Hayward Tyler Group is one of the major global company involves in the
manufacturing and design of fluid-filled electric pumps and motors. The
company established in 1815. It has a presence in many countries such as
India, China, United Kingdom, and the United States of America. The
company has achieved excellence in the field of engineering. In the United
Kingdom, the company has a presence in Luton as well as in Glasgow.

3. Culture & Leadership
The company is concerned about its organizational culture. It has adopted a
progressive and responsive culture. Healthy organizational culture is very
important to the success of the organization. Therefore, the company is bound
to achieve healthy organizational culture. To ensure healthy organizational
culture, the management of the company has adopted open communication
from top to bottom as well as bottom to top. The management shares its
values and policies with every employee of the organization (htg, 2018).
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4. Creativity and Innovation
For the success of any organization creativity and innovation are very
important (Amabile et al.,2016). The business world of today is very
competitive, and there is cut-throat competition in every field regardless of
size, sector, and structure of the organization. Creativity and innovation give
competitive edge to the organization to compete and sustain in the market.
Creativity can be defined as turning of an imaginative and new idea into
reality. Creativity provides a new way to perceive or see the world. Creativity
also opens the scope to provide a unique and valuable solution to the existing
problems (Isaksen et al.,2016).
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5. Entrepreneurship
The willingness, ability, and capacity to develop, organize, and manage a new venture
to make a profit is called as entrepreneurship (Lewis et al., 2017). A new venture is
very risky; therefore, an entrepreneur is considered as a risk taker. It has been studied
that almost 80% of new venture fail and only 20% of new venture succeed in this
competitive world. So, starting a new venture is very risky, and the entrepreneur
takes a lot of risks to start a new venture (Lewis et al., 2017).

6. Creativity and Innovation
For the success of any organization creativity and innovation are very
important (Amabile et al.,2016). The business world of today is very
competitive, and there is cut-throat competition in every field regardless of
size, sector, and structure of the organization. Creativity and innovation give
competitive edge to the organization to compete and sustain in the market.
Creativity can be defined as turning of an imaginative and new idea into
reality. Creativity provides a new way to perceive or see the world. Creativity
also opens the scope to provide a unique and valuable solution to the existing
problems (Isaksen et al.,2016).
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7. Recommendation
;
There are several untapped potential international
markets which could be beneficial for the
company. Therefore, the company should
analyze other markets to enter into to diversify
its business.
The company should not strictly direct its
employees to follow the rules and procedures
because it closes the scope of creativity and
innovation. There should be some flexibility on
the part of employees to think and do the task
according to their methods and technique.