Develop capacity to lead innovative thinking and practice

Assignment Detail:- BSBSTR801 Lead innovative thinking and practice Part - Performance and Skills Assessment Part summaryThis assessment task requires you to undertake market research relevant to a product or service available in today's marketplace- This project requires you to complete the assessment tasks in a real workplace -your current workplace can be used-- If you are not working, select a workplace you are familiar with- RequiredYou are required to demonstrate your ability to: - lead at least one innovative thinking and practices for an organisation or work area- In the course of the above, the candidate must: - research, review and analyse trends in thinking and emerging practices as they relate to an organisation's current thinking and practices - develop capacity to lead innovative thinking and practice in an organisational context 1- Read the case study below and complete the task that follow- ABC Corporation is a fitness centre that has been in the business for 5 years- It employs 10 staff and has 120 subscribers- Due to COVID-19 restrictions, its monthly income lowered by at least $10,000 per month- Assume that you have just been hired as the new Innovation Manager of ABC Corporation- In this task, you are required to develop an Annual Innovation Review of the organisation- Its goal in 2022 is to lower its operational expense by $5,000 and ensure productive sessions with subscribers- In your Annual Innovation Review, you need to research and review at least one -1- of the organisation's trend relating to its current thinking and practice and discuss how you can support and sustain it in the next 5 years as Innovation Manager-Please use the template provided- Annual Innovation ReviewName and description of organisation Innovative thinking and creativity Trends that shaped the organisation's current and future thinking and practice Techniques and tools used to generate ideas and facilitate thinking Creative thinking techniques Relevant conditions for innovation and issues that impact innovative thinking and creativity Innovation drivers and enablers Leading innovative practices Personal leadership style to confirm it models positive innovative thinking and practice Practice that models and supports innovation Requirements to promote sustainable innovative activities Methods to promote knowledge transfer with relevant stakeholders Risks associated with innovation and how to manage them Supporting the culture of innovation Innovative practices, processes, products and/or services according to audience and organisational requirements Ways to capture, communicate and share innovative ideas and practices Team approaches foster communication, consultation and team development for innovation Relevant resources for innovation processes Strategies to foster a workplace culture that encourages innovation Systems and processes that support innovation Sustaining innovative thinking and practice Strategies where innovation is an integral part of organisational activity Processes to undertake that will confirm ongoing awareness of individual and collective contributions to innovative thinking and practice Potential barriers and risks to innovation and devise strategies to respond Innovation performance as a basis for developing strategies for improvement Feedback from relevant stakeholders Changes to innovative thinking and practices according to feedback received Attachment:- Lead innovative thinking and practice-rar

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