Lead Innovative Thinking and Practice

BSBINN801:
Lead Innovative Thinking
and Practice

Table of Contents
INTRODUCTION...........................................................................................................................1
ASSESSMENT 1.............................................................................................................................1
1. Compare and contrast at least one current and one past theories and thinking about
innovation...............................................................................................................................1
2. Explain the practical application of theories and thinking on innovation and creativity to the
workplace, giving examples to illustrate your answer...........................................................3
3. Discuss how leadership styles can impact on innovation in organisations. Include at least
three examples of leadership styles and their impact on innovation......................................4
4. Discuss how the organisational structure may impact innovation at work........................5
5. Discuss how the industry context within which a company operates may impact innovation
at work....................................................................................................................................5
6. Analyse and discuss three internal conditions or factors that can impact on organisational
innovation...............................................................................................................................5
7. Analyse and discuss three external conditions or factors that can impact on organisational
innovation...............................................................................................................................5
8. Explain two strategies that can be used to identify, assess and manage risks associated with
innovation...............................................................................................................................6
9. Outline three examples of innovation drivers in an organisation.......................................6
10. Outline three examples of innovation enablers in an organisation...................................6
11. Describe three mechanisms that can support innovative practices. The mechanisms you
described can be relevant to the organisation as a whole or relevant to specific procedures.6
12. Discuss three typical challenges and barriers to innovation within an organisation and
ways of overcoming these challenges and barriers................................................................6
ASSESSMENT 2.............................................................................................................................7
1. Develop an innovation review. ..........................................................................................7
2. Send an email to the CEO .................................................................................................9
3. Revise policies and procedures to support innovation.....................................................10
4. Research current trends in innovative learning and training practices. ...........................10

5. Send an email to the CEO................................................................................................10
6. Write an innovation leadership report..............................................................................11
7. Send an email to the CEO................................................................................................11
ASSESSMENT 3...........................................................................................................................12
1. RTO’s facilities................................................................................................................12
2. Actions..............................................................................................................................12
3. Resources..........................................................................................................................12
4. Barriers and risks..............................................................................................................12
5. Determine the most appropriate means to promote the transfer of knowledge about
innovation.............................................................................................................................12
6. Action Plan.......................................................................................................................13
7. Application of strategies to encourage innovation...........................................................13
8............................................................................................................................................13
9. E-mail...............................................................................................................................14
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Innovation can be defined as the procedure of incorporating changes within the existent
products and services in order to effectively to people pertaining to global market place. Gaining
comprehensibility of the manner in which innovation can be executed within the confines of an
organisation has become the need of hour for leaders as well as managers in the modern era.
Companies across the globe take effective initiatives in a bid to come up with innovations at
regular intervals of time. In relation to this, there are several traditional and contemporary
innovation theories that are applied by corporations such as TRIZ, Disruptive Innovation, Dual
Innovation, Lean Innovation Management, Business Model Canvas, Three Horizons and many
more (Rhéaume,and Gardoni, 2016). These tend to provide assistance to organisation in creating
a corporate working atmosphere whereby innovation is given due importance. Through this,
leadership ensures that innovative products and services are launched by the entity at market
place at regular intervals of time.
The present project is divided into 3 assessments. The first assessment consists of
innovation theories along with their practical application. Also, it constitutes impact of
leadership styles, industry, internal & external factors and organisational structure over
innovation. Further, it throws light upon strategies for risk management, innovation drivers,
innovation enablers and mechanisms supporting innovation practices. The second assessment
includes innovation review of King Edward VII College. Besides this, it encompasses changes to
one of their policies along with suggestions regarding adoption of certain innovative offerings.
The third assessment covers changes to the respective college’s physical environment which
facilitate innovation. Further, it consists of changes along with evaluation of their effectiveness.
ASSESSMENT 1
1. Compare and contrast at least one current and one past theories and thinking about innovation
Innovation is a crucial aspect for each and every corporation operating as a part of
economy. Looking upon this, it can be analysed that this acts as the route map for companies
across the globe to significantly appeal to the audience prevailing at market place. To facilitate
innovation within the premises of a company, leaders and managers execute innovation theories
across the whole corporation (Sako, 2012). In this regard, 2 of the most well renowned and
1