Project Portfolio Template Understand Innovation in Your Organisation - Management Assignment Help

Assignment Task:

TASK:

Project Portfolio Template Section 1
Section 1: Understand innovation in your organisation

• Describe the organisation you are basing this project on.
• What is the name of the organisation?
• What are the main activities of the organisation?
• What is your role in the organisation?
• How does your role fit into the organisational structure?
• Identify at least two stakeholders who will be associated with or impacted by innovation in your organisation.
• How are your identified stakeholders associated with or impacted by innovation?
• Summarise any existing organisational requirements relating to identifying, introducing and promoting innovative practices, processes, products and/or services (for example, communication policies and procedures, risk management policies and procedures etc.)?
• The remainder of Section 1 of your portfolio requires you to do research. You must access at least three different sources of information to do your research (for example, discussion with stakeholders, internet searches, industry standards, best practice examples etc.).
• You may also use the additional information in the Simulation Pack to assist you in answering the questions.
• Attach proof of your sources to this section of your portfolio (e.g. screen shot of search results, list of website links etc.)
• Research innovation:
• Choose at least one past and one current innovation theory. Compare and contrast these theories and the associated thinking behind these theories.
• Summarise relevant workplace conditions, including:
• specific conditions that facilitate innovation (e.g. critical thinking).
• specific issues that impact innovative thinking and creativity.
• Analyse at least two potential barriers and two potential risks associated with introducing and maintaining innovation in an organisation
• Describe strategies that may be used to respond to the barriers/risks.
• Summarise at least four techniques and tools that can be used in your organisation to generate ideas and facilitate creative thinking.
• Identify three examples of leadership styles and discuss the impact on innovation, specifically whether the style of innovation encourages or inhibits innovation within an organisation.
• Research, analyse and review the culture of innovation in your organisation. Include:
• An analysis of internal and external environmental culture and trends that shape your organisation’s:
• current thinking and practice regarding innovation.
• future thinking and practice regarding innovation.
• A review of innovation drivers and enablers in your organisation.
• An assessment of the current resources that are available to ensure innovation occurs.
• Summarise the requirements necessary to lead innovation in your organisation. Include:
• an assessment of at least three requirements to integrate innovation as a sustainable part of your organisation’s activities.
• a list of at least two ways to:
• capture ideas and practices relating to innovation in your organisation.
• communicate with stakeholders relating to innovation (different methods may be appropriate for different stakeholders).
• promote the transfer of relevant innovation knowledge within in your organisation.
• a summary of at least two strategies that may be implemented in your organisation to foster a workplace culture that encourages innovation.
• Review at least two innovative practices, processes, products and/or services that may suit and be implemented in your organisation.
• Conduct a cost/benefit analysis of implementing innovation strategies, practices, processes and systems. Present the information in an appropriate format (e.g. table and/or graph).
• Present the work you’ve done in this section as a written report to a relevant stakeholder (e.g. Board of directors). Use the space below to list which stakeholders will receive the report.
• Section 1 Checklist Information sources

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