Assignment Detail:- BSBMGT608 Manage innovation and continuous improvement - Academics Australia
Part 1 - Innovation and Continuous Improvement Project
Read the following points and answer them using the template provided below-
Using an organisation, you have access to:
-a- Determine those organisational systems and processes most critical to its success- Determine also, the performance standard required of the critical system/s or processes and any appropriate benchmarks or benchmarking opportunities- Standards are typically expressed quantitatively -in terms of numbers- to ensure that performance expectations are clear and easily measured- Quantitative standards are usually expressed in terms of one or a combination of the following dimensions:Physical or productivity - quantities of products/services, numbers of customers/clients, etcBudget or Monetary - ROI, break-even point, liquidity, labour costs, materials costs, sales revenue, gross profit, etcTime - scheduling, critical path timeframe, process time, waiting time -queuing-, etcQualitative -subjective- standards also play an important role although performance is much harder to measure- These may include 'qualified' personnel, 'team players', 'appropriate dress', 'satisfaction', 'expectations', and the like- Determine also whether these are reflected in the organisation's strategic or department/unit business plans- If you don't have easy direct access to an organisation, interview a manager in an organisation you know-
-b- Use the appropriate assessment tools and associated benchmarks to analyse the performance of all critical processes within the supply or value chain of one organisational sub-system -i-e-, Marketing, Finance, HR, Operations, Procurement, etc-- Describe the processes and discuss your own process of analysis in undertaking this task- Was performance variation identified???? If positive variation -achieved/overachieved-, is there a recognition mechanism used by the organisation to ensure motivation???? If negative variation -under achievement-, what corrective action is recommended to the organisation's sub-system or its processes???? How could innovation or continuous improvement be used to address variations and ensure efficiency and competitive advantage????
-c- Determine the changing macro and market trends that most affect innovation it- Thinking of its predicament, how could innovation be used as an opportunity to redesign or realign systems/processes and gain competitive advantage where such environmental influences are at play????
-d- Using the analysis of the performance of the organisation's sub-system processes, together with recommendations made, contact a specialist in order to identify whether there is a technological or e-business opportunity- Provide some examples of opportunities in the following template together with a summary of the costs and associated benefits and the reasons for the opportunity-
-e- Based on the particular environmental factors at play, outline the need for the implementation of an innovation system within the organisation- The system is to encapsulate an ideas management process, linked to an appropriate reward and recognition strategy that reflects the acceptance of risk informed failure -organisational values-- The innovation system is also to be linked to an appropriate change process- Your paper needs to be motivating enough to instil a sense of urgency -as Kotter suggests- within your readers and gain their commitment- To support this, you may like to include a section on any impacting environmental and competitive forces-
-f- Discuss how you would advance the development of an organisational learning and a creative climate/culture for the organisation???? As part of your response, address the notion of 'failure' acceptance as critical within the innovation process-
-g- Research a couple of reward and recognition systems associated with innovative and entrepreneurial organisations- How do they acknowledge new ideas and reward entrepreneurial behaviour???? Is there some commonality???? Do cultural differences impact on the type of system????
-h- Following a review of two core organisational processes, complete the template provided below which includes the risk analyses and cost/benefit analyses together with recommendations for action-
-i- Document an ideas management communication plan appropriate to the organisation- Using an appropriate presentation medium -i-e- PowerPoint, flowchart, diagrams, model, text, etc-, explain how the process works to a stakeholder group of your choice-
-j- You are to develop an initial transition plan for your innovation that recognises people's needs and the impact of change on them and the business- It will need to contain objectives, timeframes, measures and a communication plan to help manage the implementation- The supplied transition plan template can be used as a guide in developing your own plan- Ensure that your plan is representative of the organisation's current situation and the nature of the innovation you intend to implement-
-k--i- Identify key areas of risk in the implementation of your innovation and their effect on the transition process-
-ii- Develop a contingency plan that encompasses all of the key areas of risk you identified- Your plan should include the scenario, the trigger -date and/or condition- together with the action that will be undertaken-
-l- Investigate and analyse an implementation failure- Briefly document the innovation and the reason for failure together with the lessons to be learned-
-m- Write a stakeholder engagement plan discussing how you will communicate with your stakeholders-
Attachment:- Manage innovation and continuous improvement-rar
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