Explain the concept of innovation

Assignment Help Business Management

Reference no: EM133218096

Assignment:

1. Develop an innovative idea that would benefit from collaboration with others. The innovation will preferably relate to a work situation but if you are not currently working might relate to a personal situation.

Document your ideas then discuss them with a range of stakeholders.

State who the stakeholders are, whether they are internal or external to the organisation and why they are stakeholders; then document their responses to your ideas.

What conclusions did you come to, as a result of your discussions/ collaboration?

How valuable do you think the discussion with the various stakeholders is?

Do you think that asking others to collaborate in the development and assessment of innovative and creative ideas is a good idea? Explain and justify your answer.

2. As a leader/ manager, how would you acknowledge, celebrate and reward successful innovation brought about by teams and individuals. Provide at least five examples. Why do you think it is necessary to do so?

3. Explain the concept of innovation and why it is necessary for organisations to practice innovation in today's world of work.

Reference no: EM133218096

Questions Cloud

How well the case organization responded to the changes : The focus of your critical evaluation is to determine how well the case organization responded to the changes analysed in task 1.

Type of international strategy : Write a report on your recommendations as to how they should enter the country, staff the operation, the type of international strategy they should use.

Review the learning management system : You are required to submit the following documents in the learning management system (Moodle): Organisational Learning Strategies.

Determine what level of disclosure a sales person : Holley believes the "golden rule" should be used to determine what level of disclosure a sales person should be required to make to a prospective customer.

Explain the concept of innovation : Explain the concept of innovation and why it is necessary for organisations to practice innovation in today's world of work.

Reviews of past records penalize job-seekers : Do integrity tests and reviews of past records penalize job-seekers who may have recognized that what they did in the past was wrong.

Should trade barriers-import duties be eliminated so goods : Should trade barriers and import duties be eliminated so goods and services can be traded freely around the world?

Evaluating ability to pay for an ecological component : Expressed inclinations are an immediate approach to evaluating ability to pay for an ecological component, for example.

Determining the connected strategy of cost : Discussion can now and again be kept away from by utilizing the connected strategy of cost- utility examination.

User Account

All Pages