2X Innovation 2X Speed 2X

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Problem 1 Problem 1
The change to free Politcal changes and instability may result to weak
market allows the claims to natural resources vital for the continuous
private sectors to operation of the firm which may arise inconsistency on
easily introduce new the raw material’s supply to the firm as well as the
products to the needed increase of such inputs in order to meet the
market which necessary increase in the production speed. As stated
impedes a firm’s by Ramon, L. and Toman, M. (2006), weak claims to
ability to join with resources may result from weak property rights to
fast changes in resources due to a poorly-established laws, Unstable
trends. Such political system due to the lack or authority
innovations of new representatives, and the government official’s corrupt
entrepreneurs were activities.
described by https://academic.oup.com/book/34764/chapter-
Kritikos, A. (2014) as abstract/297046580?redirectedFrom=fulltext
an increase in
competition which Solution 1
serves as a Such weak claims to natural resources due to socio-
challenge for the political inconsistency may be resolved through
existing companies utilizing the firm’s corporate social responsibility as a
to cope up. Though means to ensure harmonious relationship with the
it serves as a great societies that the firm is operating in, particularly with
aid to the economy, its suppliers. As emphasized by a paper of
it puts pressure to OECD(2005), corporate social responsibility involves
existing firms to do nurturing and further enhancing the relationship of a
more and create firm to the societies it works with through identifying
more. the mutual dependence state in which the business
https://wol.iza.org/ itself can function along with earning a competitive
articles/ return for the stakeholders and attracting better
entrepreneurs-and- investment opportunities.
their-impact-on-jobs- https://www.oecd.org/investment/mne/34304653.pdf
and-economic-
growth/long Problem 2
To increase a firm’s production speed, one needs to
Solution 1 create a more compact and comprehensive schedule
Firms may offset the for the employees. This may put pressure on the
negative effects of workers and may arise mental health issues. Laws
increased with regards to such matters were already in
competition due to discussion and are implemented in various countries.
the change to free One article of Chua, A. (2020) states that the
market by employers should be held responsible for ensuring that
incorporating mental health of the workers. Without
technology and countermeasures to relieve stress, the change in the
better management organization for the purpose of increasing production
system. As cited by speed may only cause liabilities for the company.
Solaris Technologies https://platonmartinez.com/articles/dole-department-
(2021), a way to order-no-208-series-of-2020-guidelines-for-the-
combat the rapid implementation-of-mental-health-workplace-policies-
rate of changes was and-programs-for-the-private-sector
to utilize new
technologies in an Solution 2
efficient A promising solution with the firm’s need for increase
management in production without compromising the mental health
system. By doing so, of the employees, was the automation of the different
the firm would cope task in the process of production. According to Partida,
up with the changes D. (2022), automation promotes efficiency of the
and be able to meet employees as it would aid the employees in saving
the new demands of time and energy from some tasks, boosts productivity
the market. with the use of new methods and equipment and
https:// identify errors as soon as they arise. These benefits
www.solaristek.com/ aid the employees to be more efficient and effective
the-emergence-of- thus increasing the speed of production without
technology-and- compromising their mental health.
how-to-cope-up- https://elearningindustry.com/how-does-automation-
with-the-changes/ promote-employee-efficiency#:~:text=Automation
%20Promotes%20Efficiency,employees%20succeed
%20at%20their%20jobs.