Reference no: EM132967917

BSB80615 Graduate Diploma of Management

3.1 Introduce and promote innovative practices, processes, products or services appropriate to audience and organisational requirements
3.2 Establish ways to capture, communicate and share innovative ideas and practices
3.3 Initiate and foster communication, consultation and team development approaches that support innovation
3.4 Identify, assess and provide adequate resources for innovation to occur
3.5 Develop and apply strategies to foster a workplace culture capable of encouraging innovation
3.6 Establish mechanisms at system and process level that can support innovation
4.1 Develop strategies to make innovation an integral part of organisational activity
4.2 Develop and monitor processes to ensure ongoing awareness of individual and collective contributions to innovative thinking and practice
4.3 Analyse potential barriers and risks to innovation and devise strategies to respond
4.4 Analyse and reflect on innovation performance as a basis for developing strategies for improvement

• The assessment tasks for the unit assume that you will work in the Business Services industry. Case studies/ exercises used in this assessment reflect a workplace scenario.
• The student must have access to a Computer, Printer for doing the assessment for this unit. Attempt all the questions. If you are not sure about any aspect of this assessment, please ask for clarification from your assessor. If the assessment is not satisfactory, the trainer will allow one more attempt to the assessment item.
• The responses to assessment questions should be in your own words and examples from workplace should be used wherever possible.
• You are required to interact and communicate with a range of people at your workplace.
• You need to identify suitable professionals who can give you honest feedback and support on innovation.
• You may decide to interview a range of stakeholders from diverse groups including technical and subject matter experts, juniors, seniors, peers and other people whom you perceive to help you in generating new ideas and thinking.
• You can plan a single/ multiple brainstorming session with all stakeholders together or a series of sessions/one to one meeting.
• You must prepare a questionnaire/ agenda for the meeting.
• You must take prior appointment with the people identified by you and ensure to perform this task professionally in a simulated environment or actual workplace.
• You must then analyze the ideas and prepare a report on generating innovative thinking and creativity.
• What do students need in order to complete this assessment?
o Access to textbooks/other learning materials
o Computer with Microsoft Office and internet access
o Projector for presentation

Read the following scenario and make a presentation with all the requirements highlighted:

Case Scenario
Select an organization from internet or consider the company/organization where you currently work or know very well. Suppose the organization has been facing business challenges in recent times. Some of issues are loss of market share, staff turnover, customer's complaints and entry of new competitors. CEO of the organization is considering a central strategy to maintain the company's position in the market. She strongly believes ‘Lead innovative thinking and practice' is the only option which can bring the organization back on track.

Now, she advises you (consider you work in that organization) to form a team and prepare a presentation on ‘Innovation and sustainability'. It has been decided that you and your team will present this in the board meeting which is coming up in two weeks time. The CEO has also requested you to prepare a brief written report in MS word format to support your presentation.

Now form a team (two/three) of students and prepare the presentation on the following areas:

1. Brief introduction and the current situation of the organization.

2. Explain how various strategies that are used or can be implemented to make innovation an integral part of organisational activity.

3. How could the organization address the impact of changes and its consequences?

4. Identify monitoring process to confirm individual awareness and collective contributions to innovative thinking and practice.

5. Identify any three (3) potential barriers/risks to innovations and suggest strategies to minimize them.

6. Evaluate the effect of innovation implemented by you and major learnings from it, to form a basis for developing strategies for improvement.

7. How can the organizational change process ensure the objectives, time-frames and communication plans are ready?

8. A contingency management plan and how could the organization manage failure and prompt investigation?

9. Identify few emerging challenges and opportunities (e.g. SWOT analysis) in relation to your chosen organization.

10. How could you evaluate the existing systems and innovative processes? Explain in the light of various costs and benefits & document the recommendations (for improvements) that will be communicated to relevant parties.

Attachment:- Initiate and lead applied research.rar