Briefly discuss any five (5) of the typical challenges and barriers to innovation within an organisation, and suggest at least one measure for overcoming the barriers you have identified in your response. Your response should be in no more than 400 words.
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Briefly discuss any five (5) of the typical challenges and barriers to innovation within an organisation, and suggest at least one measure for overcoming the barriers you have identified in your response. Your response should be in no more than 400 words.
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- Conduct an innovation audit of your chosen organization and critically assess how innovation has impacted the organization over the past five years. Your innovation audit should be based on the organisation’s culture, agility, resources and skills.The management of innovation demands a broad and balanced approach. What are the factors deemed to be critical for achieving success in innovation management?Assess the potential indicators of the successful implementation of innovation within your organisation
- Assess the potential legal and ethical issues that might pose risks to innovation performance of your chosen organisationConduct an innovation audit of your chosen organization and critically assess how innovation has impacted the organization over the past five years. Your innovation audit should be based on the organisation’s culture, agility, resources and skills. Take note: Your chosen organization may be the organization you currently work for or an organization that you are familiar with. You need to give an organisation’s summary of at least one page. The innovation audit should be in the form of a table.Imagine you are the product manager for one of your favorite lines of clothing, foods, vehicles, or other products. You have what you believe is a fantastic new product idea for an addition or revision to your product line. Write a post outlining the seven stages in Exhibit 11.1 you intend to work through in developing your idea, including specific, detailed actions you will take within each stage.
- Give your assessment of financial literacy enrichment as a required process in support of the financial control of the company. Do you think this is a part of innovation management?What strategies can organizations adopt to effectively manage the innovation process in product and service development, ensuring successful implementation and market adoption?Suppose you are starting up a company and inventing a product of 'Smart Robotic Vaccum Cleaner' that can detect and captures insects. It is can also be activated through the phone. What are the human resources and skills needed for putting forward your business ideas? Describe the capabilities of yourself and/or your team and explain how your team will acquire or develop the skills necessary for successfully launching the idea
- What is innovation management and its advantagesHow can an organization effectively manage the innovation process for product and service development to foster growth and competitive advantage?Read the following articles along with this week’s lecture and the associated chapters: The Role of Stimulating Employees' Creativity and Idea Generation in Encouraging Innovation Behaviour in Irish Firms Leading into the Next Frontier Using these articles and other resources, develop a plan to create a culture where creativity and adaptability is embraced. In doing so, be sure to address the following in your plan: The four aspects of stimulating creativity The three fundamental skills involved in cultivating adaptability How you plan will provide opportunities for upcoming leaders.