BSBINN501: Establish Systems that Support Innovation

Added on - 15 Apr 2020

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Online Learning Component Cover SheetWeek 7Term and YearTerm 4 2017Assessment TypeDiscussion questionDateStudent Name:Student ID No:Submission deadline:Due at the end of Week 7 (upload on Sunday by 11:59pm) via Moodle SubmissionPointQualification :BSB50215 Diploma of BusinessUnit Code:BSBINN501Unit Title:Establish systems that support innovationAssessor’s NameStudent Declaration:I declare that this work has been completed by me honestly and with integrity.Name:Signature:Date:V2017.T4. 1.0BSB50215 Diploma of Business/ BSBINN501/ 2017/ T4/ Online Learning / WK 7Page1of6
Online learning/ evidence gathering conditionsEach online learning component is recorded as Five hours(5), Three hours(3)or Zero hours(0). A student can onlyachieve competence when all online learning components listed under procedures and specifications of the fulfilling the 5-hour online learning per week section are Satisfactory. Your trainer will give you feedback in the student learningmanagement system after the completion of each online learning component. A student who is assessed as Zero hours(0)is eligible for re-submission. Should the student fail to submit the online learning component, a result outcome of Zerohours(0)will be recorded. Any form of plagiarism or copying other students’ work would also result in a Zero hours(0)record outcome and there would be no provisions for a re-submission.Resources required for this AssessmentAll documents must be created using Microsoft Word.Upon completion, submit the online learning component(using this official template)via the student learningmanagement system to your trainer along with the completed assessment coversheet.Refer the notes on eLearning to answer the tasksAny additional material will be provided by TrainerInstructions for StudentsPlease read the following instructions carefullyThis online learning component is to be completed according to the instructions given by your assessor.Students are required to conduct their research and complete this online learning component outside the class contacttime.Feedback on each task will be provided to enable you to determine how your work could be improved. You will beprovided with feedback on your work within 2 weeks of the online learning component due date.Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge.You will be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unitof competency.If you are not sure about any aspect of this online learning component, please ask for clarification from your assessor.Please refer to the College re-submission policy for more information.V2017.T4. 1.0BSB50215 Diploma of Business/ BSBINN501/ 2017/ T4/ Online Learning / WK 7Page2of6
TaskExplain how Australian government agencies provide support to organisations planning for business innovation(not more than 800 words).Answer- Australian Government agencies take a number of initiatives which supportsbusiness innovation the initiatives are :Promotion of cultural innovationThey build Innovation capacity through mentoring and providing advice services,networking and through collaboration.They encourage skill development and technology fore sighting and its application.They support research and development, design and creation activities.Australian Government has an innovation agenda also known as powering ideas thatpromotes systems approach to the policy of innovation (Lember, Kattel and Kalvet 2013).The innovation system is an open network of organizations. The organizations in thenetwork interact with each other also operate within the system. The framework consists ofcertain conditions that regulate the activities and interaction of the organizations. Theelements of the innovation system are networks, innovation activities and frameworkconditions. These elements help in creation of economic, social and environmental value.Innovation system is related to the knowledge, technology, cultures and infrastructure thatthey have worked, created, or learned in the process of innovating. It is also about the ideasthat helped in innovation (Cumming and Johan 2016).The role of Government in the innovation system is to make important decisions invest invarious innovations. The aim of Government is to reduce the risks and make the innovationsystem resilient. The innovation policy of the Australian government includes componentsof research, education, social inclusion and industry that affect the system.V2017.T4. 1.0BSB50215 Diploma of Business/ BSBINN501/ 2017/ T4/ Online Learning / WK 7Page3of6
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