Reference no: EM132394638

BSBINN801 - Lead Innovative Thinking and Practice Assignment - Central Australian College, Australia

Formative Assessment 1: Case Study Analysis

For Formative Assessment Task 1, read given case study on '3 Strategies for Developing Innovative Thinking', and answer the questions given below in relevance to the journal.

1. What are the different strategies to generate new ideas and thinking?

2. What do you understand by creative thinking? Do you think it is always necessary to have a creative thinking technique to invent something new? Explain with example?

3. How do you spot opportunities for innovation? Explain with an example?

4. Is innovative thinking a strategic priority for even profit making organizations? Why do you think Charles Goodyear could stand despite being on the verge of bankruptcy?

5. Why is it important for organizations to innovate? How can similar ideas lead to new inventions?

6. What can stop you from being innovative?

7. How do you build innovative culture in an organization? Do you think iPhone was an outcome of having a good innovative culture in an organization?

8. Can innovative thinking be trained? What is the best possible way?

9. What is the greatest mistake that an organization can make when it comes to innovation?

10. How can you think divergently and creatively?

Formative Assessment Task 2: Project Report

For this task, students have to refer to the simulated business case study 'Sim's Hardware'. Sim's Hardware is an old Australian business dealing with supply of hardware. With time, business's technology, operations and practices have become obsolete leading to fall in the revenues. For this reason, management has decided to hire an external innovation and development consult to review the business and make suggestions for leading innovative thinking and practice in the organisation.

Student has to assume himself as the appointed Innovation and Development consultant and write a report. The report has to be written in a professional format with no less than 2000 words. There is no specific format for the report, however, student must discuss the following:

1. Introduction of the business.

2. Current position of the business and the problems being faced.

3. Range of techniques and tools that can be used to generate innovative ideas and new thinking to foster personal and team innovation.

4. Using the identified techniques and tools, research, review and critically analyse the trends which are shaping organisation's current and future thinking and practice, including the key concepts, current theories and processes.

5. Evaluate the overall context for innovative and creative thinking at both the individual level and the collective level, including for the organisational context, and for the broader industry context.

6. Review and consider the different leadership styles, selecting and using a personal leadership style to use in the workplace to model positive innovative thinking and practice. Document the personal leadership style selected, and at least three examples of how it was used to model positive innovative thinking and practice.

7. Review, challenge and refine your own style and practice in relation to modelling and supporting innovation. Document the review, including methods applied to refine your style and practice.

8. Identify, document and evaluate the risks associated with innovation within an organisation, documenting control measures suitable to manage these risks.

9. Establish, document, and use, appropriate methods to capture, communicate and share innovative ideas and practices within the organisation.

10. Explain the approaches to initiate and foster communication, consultation and team development approaches that support innovation.

11. Explain and establish mechanisms at the system and the process level that can support innovation.

12. Develop and document strategies which make innovation an integral part of the organisational activity.

13. Strategies to develop and monitor processes to ensure there is ongoing awareness of the individual and collective contributions to innovative thinking and practice. Provide a copy of the develop processes and evidence of the process monitoring.

14. Identify and analyse the potential barriers and risks to innovation, devising strategies to respond.

FORMATIVE ASSESSMENT TASK 3: PRESENTATION

In continuation of task 2, for assessment task 3, student has to assume himself as the appointed Innovation and Development consultant and deliver a presentation about his review of the organisation and suggestions to the management. There is no specific format of the presentation, however, student must discuss the following:

1. What are the techniques and tools that can be used to generate new ideas and thinking, including creative thinking techniques to foster innovation?

2. What are the conditions for innovation and the issues that impact on individual and collective innovative thinking and creativity?

3. What are the innovation drivers and enablers for Sim's Hardware?

4. Explain the personal leadership style to model positive innovative thinking and practice.

5. Determine the requirements to promote sustainable innovative activity for the operational context, and for the people involved.

6. Explain different means to promote knowledge transfer.

7. What are the risks associated with innovation in the organisation and what could be the possible mitigation strategies?

8. What could be the strategies to introduce and promote the creative thinking techniques, innovative practices, processes, products and/or services which arc appropriate to your audience and to the organisational requirements?

9. What are the resources required for innovation in the organization?

10. Discuss the strategies to foster a workplace culture capable of encouraging innovation.

11. Explain the potential barriers and risks to innovation along with the strategies to respond.

12. As an Innovation and Development consultant, reflect on your performance while reviewing and suggesting innovation practices.

During the presentation, you have to:

• Explain, evaluate and criticize ideas.
• Express opinions and respond to the opinions of others in a professional manner.
• Use interpersonal skills to build rapport to encourage contribution and ideas from others.
• Use language appropriate for the audience.

SUMMATIVE ASSESSMENT TASK 4: WRITTEN TEST

Answer all questions -

1. Briefly compare and contrast the current theories and thinking about innovation with the innovation theories and thinking from the past?

2. How can the theory and thinking on innovation and creativity contribute to applied practice?

3. What impact can leadership style have on innovation in organisations? Include in your answer how specific approaches may encourage or inhibit innovation?

4. Why is organisational and industry context relevant to innovation?

5. What types of internal and external conditions or factors may impact on organisational innovation?

6. Outline strategies for identifying, assessing and managing/overcoming risks and challenges associated with innovation?

7. List five examples of innovation drivers in an organisation?

8. What are six examples of innovation enablers in an organisation?

9. What mechanisms can be implemented at the system or process level to support innovative practices?

10. What are five of the typical challenges and barriers to innovation within an organisation?

11. Discuss the benefits of introducing change in the organization?

12. How can research be conducted in the organization relating to a particular issue?

13. Explain different leadership styles?

14. List some characteristics of effective leaders?

15. What could be the possible requirements for sustainable innovation in the organization?