Field of Innovations and Entrepreneurship - Management Assessment Answer

Management Assessment Answer

Task One  You are required to select a traditional non-startup organization of your choice (possibly the organization where you have experience of working, knowing more about, etc). Interview the Chief Executive Officer (CEO)/ the Senior Officer / the longest-serving staff (can be anyone or any combinations of interviewees). You may also source additional ideas from the company website, journals, magazines or any publications and all references must be cited clearly, Collect information on 1. How & why the organization was founded 2. How did the name come about? 3. How many Employees were there... 4. What challenges they went through 5. Any interesting stories or experiences behind After collecting all this, Identify the factors enabling or constraining innovation within the selected organization through an innovation audit. Assess three prioritized issues identified where improvements can be made. (Benchmark the innovative practices of a selected organization/s with yours to identify areas for improvement) Strategy College of Business and Marketing Page.  Task Two  Many things are changing in the field of Innovations and Entrepreneurship. Discuss what Macro & Microtrends you may identify which have changed the entire landscape of Entrepreneurship 5 decades ago to now? Eg: - Artificial Inelegance, Block Chain Technology, 3D printing etc Task Three  In an organization of your choice, select a Particular innovation which you would like to propose to your internal Staff. The Innovation needs to first be familiarized with the internal employees before it goes to the Consumers. Using any Internal Frameworks, Explain how you would use it to transform the Organizational readiness to be Innovation driven. Task 4 A very close friend of yours has given you the following amounts of money. He wants to seek your advice on what can be done with it. Justify your response to him using facts & figures. i) Rs 10,000 ii) Rs 100,000 iii) Rs 1,000,000

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