Reference no: EM131589957

1. Discuss what the main purposes of innovation portfolio management are. In your answer explain the differences between 'creativity' and 'innovation' and the importance of each concept for organisations. Discuss which concept 'design thinking' fit into? Use examples to illustrate your answer.

2. "The reality is that innovation is impossible to manage". Discuss why organisations need an Innovation Management (IM) Framework. In your answer define what an IM Framework is. Describe the 3 components of an IM Framework. Use examples to illustrate your answer.

3. Drawing on the 'Competencies' component of the Innovation Management (IM) Framework, discuss the similarities and differences between 'idea management', 'market management', and 'portfolio management'. Use examples to illustrate your answer.

4. "Innovation is change that adds potential value". Discuss this statement drawing on the 'Dimensions' component of the Innovation Management (IM) Framework. In your answer discuss the aspects of innovative leadership that a manager would draw on when managing innovation in fast-changing environments. Also discuss the innovation climate and culture that an organisation would need to adopt in a fast- changing environment. Use examples to illustrate your answer.

5. Global key trends are influencing the redesign of work. Describe four socioeconomic and cultural drivers that are influencing business and government. In your answer describe the characteristics of the 'sociology of technology' and how these are influencing business strategy. Provide examples to illustrate your answer.