Instruction
1. The innovation – Identify a problem and discuss an innovation that may address it, showing an understanding of the particular market and potential customers. Describe the characteristics and value of your innovation (Around 150 words)
2. The context & feasibility – Discuss relevant and key contextual factors such as political, economy, industry/market, social, regulatory factors that may impede or facilitate the development and implementation of the innovation (Around 550 words)
3. The organizational requirements for driving and implementing innovation – In what way do you want your innovation to be implemented and reach others? Do you imagine a new start-up company, a non-profit organization, an existing company of some kind, or some combination of these possibilities? Why do you think this is a right path for implementing the innovation? Please justify. (Around 300 Words)
4. Recommend an Action Plan –You may present this section either as a detailed table or as paragraphs with different headings and if you think it is required you may add other items than those suggested below and the plan should not necessarily be limited only to the suggested items such as: (Around 1000 words)
a. Action steps & objectives: What needs to be done? And by what date?
b. Team requirements: Who will take the actions? Responsible persons who should take the actions.
c. Necessary resources: What resources are needed to implement the innovation (e.g. finance, human, materials, technology, process, etc. …)?
d. Potential Challenges: Are there any potential challenges that may impede completion? How will you overcome these?
e. Collaboration plan for implementation: What key individuals and/or organizations should be informed/involved with these actions? Why these individuals/organizations are needed?
f. Outcomes: What would be the final outcomes?
Include ‘Title page’ with word counts.
Use numbered headings and subheadings.
12 font, 1.5 spacing.
Number all pages.
Ensure that to include in-text references (where relevant) and the reference list at the end of the report and use either APA or Harvard Referencing Style consistently.
The word limit for assessment one is 1000 words and for assessment 2 & 3 is 2000 words – 10% over/under the limit is acceptable. All words including the tables/graphs are included in the word count (excluding the title page, table of contents AND reference list). DO NOT include appendices.