Identify the Need for an Innovative Solution - The Basic Elements of Innovation - Business Assignment Help

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Assignment Task:

Learning Outcomes:
After successful completion of this unit, students will be able to: 

1. Identify the need for an innovative solution, generate alternative conceptual solutions, evaluate these solutions and also implement them; 
2. Describe the basic elements of innovation, entrepreneurship and commercialisation; 
3. Appraise decision-making responsibilities at the interface between business and innovation; 

In this assignment, you will report on a single historic innovation and the path from idea, through development to commercial success. The particular product or service will be of your choosing, within the ICT or Engineering technology sectors. You will develop the Emergence Roadmap to the commercial success of your chosen product or service, to reveal the critical factors that drove the success of the innovation.  

Your report will be inclusive of the following: 
1. Original idea  
2. Original business proposition  
3. Preceding technologies leading to emergent technology 
4. Historic trends and drivers 
5. Identification of markets originally targeted 
6. Emergence roadmap to commercial success 
7. Critical factors that drove the success of the innovation and provide a critical assessment of your findings. 

The emphasis of marking will be on the 1-page Executive Summary, the main report providing depth and justification to the Executive Summary.   

Marking Criteria 

  • The following marking criteria will be used to assess the report. 
  • Layout and logical structure including grammar and spelling 
  • Understanding of the emergence roadmap concept 
  • The appropriateness of the innovation chosen including defining the scope 
  • The accuracy of the technology path identified 
  • The clarity of the presentation 
  • The depth of the research, evidenced by the use of appropriate references 
  • The critical assessment of the innovation path 

 


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