Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Assignment: Create an Innovation

Evaluate the internal processes or strategies within an organization in which you are involved, such as your workplace, school, church, or community group, in order to identify a problem that provides an opportunity for innovation. Then, determine an innovative solution for addressing that problem. Examples of potential solutions are entering a new market, implementing a new practice or process, or even changing management structures. The ultimate goal of your solution should be to increase the diffusion of innovation within the organization and contribute to a culture that appreciates innovation as a key to competitive advantage and organizational success.

Begin drafting your implementation plan in stages as you work through the course topics. As with your CLC project, you should research and select a model for evaluating both the feasibility of your idea and the implementation plan.

1. Describe the problem your innovation targets. What is the scope of the problem and which stakeholders, both within the organization and without, does it impact?

2. Describe your innovation and explain how it addresses the problem. How will it meet the needs of the organization and all stakeholders involved?

3. How does the innovation contribute to the organization's competitive advantage?

4. Develop an implementation plan for effectively diffusing the innovation within the organization. Make sure the plan addresses potential resistance and obstacles, including people and processes.

5. Identify an appropriate method that could be used for measuring the impact of the innovation on the organization. Explain why you think this is a relevant measure.

6. Finally, assume your innovation is adopted by the organization. Make recommendations for additional improvements within in this organization (in processes, practices, structures, etc.) that could create and sustain momentum for innovation.

Include at least eight in-text citations from at least five secondary resources from your research.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92393269

Have any Question?


Related Questions in Business Management

Virtualbox aside what steps do you think are required if we

VirtualBox aside, what steps do you think are required if we bought a brand new drive and plugged it into our system internally? a. Internally / externally, does it matter? b. If we plug it into the system, will it just ...

You are a contracts administrator for a contractor one of

You are a Contracts Administrator for a Contractor. One of your engineering managers found an inconsistency in the specification on a FFP solicitation (i.e., pre-award). He said the worst case could be a $3M loss for def ...

What are the barriers to entry that shield pure monopolies

What are the barriers to entry that shield pure monopolies from competition? What are the economic effects of monopoly?

Total quality management involves a continuous improvement

Total quality management involves a continuous improvement approach. 1. How is continuous improvement related to innovation? 2. What is breakthrough innovation? 3. What are the risks and rewards associated with innovatio ...

Identify three decision making biases and errors explain

Identify three decision making biases and errors. Explain why each bias or error you identified can have a negative effect on decision making.

What contributes to making change communication effective

What contributes to making change communication effective within an organization?

Identify a leader that has used power and influence in a

Identify a leader that has used power and influence in a harmful way. Identify an additional leader who has used power and influence in a positive way. For both of these leaders, state your thoughts on their motives for ...

Please help with the potential barriers to effective

Please help with the potential barriers to effective strategic planning in the health care environment How does this differ from the general business world?

What involvement does management need to have to achieve

What involvement does management need to have to achieve buy-in from internal stakeholders?

As organizations build inclusion efforts to drive diversity

As organizations build inclusion efforts to drive diversity (e.g., pluralism, structural integration, informal network integration, absence of prejudice and discrimination, and minimum intergroup conflict), what barrier ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As