A Report on Lead Innovation Thinking and Practices: Course Code XYZ

This report delves into the principles of lead innovation thinking and practices, examining various techniques and tools for generating new ideas and fostering creative thinking. The report covers conducting research, analyzing trends, and promoting creative thinking techniques to enhance individual and team innovation. It explores the evaluation of innovation, specific conditions affecting the innovation process, and the role of innovative drivers and enablers. Furthermore, it discusses developing personal leadership styles to model positive innovation, refining these styles to support innovation, and determining the need for sustainable innovative activities within business operations. The report also addresses the implementation of knowledge transfer methods and the identification and management of risks associated with innovation within an organization. The report also includes analysis of the role of leadership styles, the importance of sustainable innovation, and the need for knowledge transfer and risk management in fostering innovation within business contexts. The report also covers various concepts of innovation including dual innovation, open innovation, lean innovation, and design thinking.

Lead Innovation
Thinking and Practices

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Conduct research by using range of techniques & tools in order to generate new ideas and
thinking........................................................................................................................................1
1.2 Analyse trend shaping organization's current & future thinking practice.............................2
1.3 Promote creative thinking techniques to foster personal & team innovation........................2
1.4 Evaluate individual or collective innovation thinking & creativity.......................................3
1.5 Research and analyse specific condition for innovation and issues which impact individual
or collective thinking process......................................................................................................3
1.6 Research and review innovative drivers and enablers...........................................................4
TASK 2............................................................................................................................................4
2.1 Develop personal leadership style to model positive innovation thinking & practice..........4
2.2 Review, challenge and refine their style in order to support innovation...............................5
2.3 Determine the need to promote sustainable innovative activity in context of business
operations.....................................................................................................................................5
2.4 Implement most appropriate means to promote knowledge transfer.....................................6
2.5 Identity, evaluate or manage risk which associated with innovation in the organization......6
TASK 3............................................................................................................................................7
Covered in PPT............................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Lead innovation thinking and practices help the organization or individual to describe
performance outcomes, skills and relevant competencies (Clapham and Vickers, 2017). This
project helps in generating innovating thinking with the help of sustainable innovative practice,
support variety of culture and maintain sustainable approach. Innovating thinking and practice
empower all the participant who perform within organization by using several tools &
techniques.
MAIN BODY
TASK 1
1.1 Conduct research by using range of techniques & tools in order to generate new ideas and
thinking
Research will help the individual as well as organization to identify skill and knowledge
required to innovate something within organization. It is used to lead innovation in the specific
industry or community. There are various techniques which used to generate new ideas and
practices and it discussed below:
 Brainstorming: It is an method of developing ideas in order to resolve problems and
other issues which can be related to the individual or organizational. Basically it involves.
a group under the assistant where people find free thinking environment. It helps in
identifying effective solutions for their problems.
 Concept map: It is an graphical representation which helps the individual to understand
knowledge (Daly and et.al., 2018). It will be started with main ideas and further it will be
divided into various sections for effective implementation.
 Creative thinking material: It is a way of solving any problem or issues by using their
creative thinking. Innovative ideas to resolve issues will positively impact the process or
individual as well.
For example: Use Brainstorming technique when working is a team project for effective
solutions. Along with this, by using concept mapping technique organization able represent
information in understandable form which enhance relationship between stakeholders.
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1.2 Analyse trend shaping organization's current & future thinking practice
Initially organization have to understand current or future activities which they have to
perform and after that need to identity theory which suits the most. Individual have understand
important information which helps in improving lean innovation or creative thinking practices.
In order to identify current practices they should research about trends in which field they
perform with the help of journals, articles, websites, annual reports etc. Along with this,
speaking with others will helps in identifying factors which impact industry and how it will
change in the future.
In the past, innovation or thinking only focus on business operations and profitability. For
example: they introduce new product, develop strategy in order to make organization more
efficient & cost effective. Where thinking and innovation often inflexible which lack creative
element.
In the current scenario, theories regarding creative thinking and innovation more focus on
balancing workforce in the business environment. More innovation or creativity helps in
generating demand of products & services which further increase productivity and profitability.
Current thinking practices:
 Dual innovation: Under this practice, organization integrate new innovation without
affecting their core business performance.
 Open innovation: In this practice, organization set challenges and gather ideas from
thousands of people (Gynnild, 2014). Best ideas selected for innovation and it will done
with the help of suggestion box or through email.
Future thinking practices:
 Lean innovation: Under this theory, individual inspired by various start-up principles
where manager ask for budget and done experiment to test the idea.
 Design thinking: One of the most popular practice in the business community where
they solve most complex problems through finding desired solutions for their clients.
1.3 Promote creative thinking techniques to foster personal & team innovation
It is very important to use various techniques to stimulate creative or innovative thinking.
They have to make sure that promote technology & tools will provide various benefits and some
of them discussed below:
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 Change promote new way of thinking which is beneficial for individual in the workplace
and it further helps in improving organizational productivity or profitability.
 Change break the monotony because now a days people bore with their same routine. So
change provide refreshment where worker have to focus on their energy and interest.
 Change will provide opportunity to grow in the market in which sector they deal. Along
with this, it helps in encouraging skills which is beneficial at the time of performing their
task.
1.4 Evaluate individual or collective innovation thinking & creativity
Individual or collective innovating thinking required to evaluate because it linked with
business operations as well as industrial context. Innovating thinking process helps in analysing
culture of environment where innovation take place (Jafari and Ramalingam, 2014). In order to
evaluate individual or collective thinking, organization have to analyse electronic & non physical
environment.
Individual innovation is better than collective innovation because in both condition they
required innovative people and they are more focus on personal matters rather than professional.
Innovation or creative thinking encourage individual regarding developing ideas which increase
their efficiency. In order to promote collective innovation, organization have generate interest in
each employee. They have to encourage them regarding individual innovation which further
helps in collecting thinking & creativity.
1.5 Research and analyse specific condition for innovation and issues which impact individual or
collective thinking process
There are various issues which impact individual or collective thinking process and some
of them discussed below:
 Ability to respond customer feedback will impact thinking process because every
customer is different from another one. So individual have to think accordingly and
respond as well.
 Change in business strategy or any policy required involvement of whole organization
(Ness, 2015). So by using comprehensive analysis where workers provide suggestions
which is better to tackle all the problems at the time of developing strategy.
 It is important for the business to identify that particular condition which impact
individual or collective thinking process.
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Basically operational issues will impact the production as well as profitability so manager
of the company have formulate strategy and encourage individual to improve their thinking
process and provide them valuable solutions. Critical or complex situation will impact thinking
process of individual and make them able to provide effective solutions which is beneficial as
well.
1.6 Research and review innovative drivers and enablers
Innovation drivers include various factors such as customers expectation, globalisation,
market shift, new regulation or policies, change in technology and price & profitability. When
organization more focus on customer needs and desires in comparison to just manufacture
product for the profit. It will be beneficial for the business because in the current scenario, if any
company want success then they have to meet customer expectation. Manager have to analyse
market shift, current trends and way of globalising their business. Along with this, business have
to become flexible which provide benefits to adopt technological changes. It further improve
production or profitability as well.
Enablers are those factors which helps in overcome barriers and it include research &
development, collaboration, culture, intellectual property, support of management, profitability,
skilled workforce, resources etc. By using these factors organization able to overcome from any
situation. With the help of R&D, manager able to analyse market and its trends which further
helps in formulating strategy and provide future benefits.
TASK 2
2.1 Develop personal leadership style to model positive innovation thinking & practice
It is very important to lead innovative thinking & practice in the organization and for that
they have to familiar with different leadership styles. Some of them mention below:
Transformational leadership: It is based on high level communication between
employees and leaders (Nurutdinova and et.al., 2016). This relation will result high productivity,
profitability and helps in achieving business goals & objectives.
Transactional leadership: Here, manager appreciate as well as give punishment on the
basis of employees performance.
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Participative leadership: In this leadership style, employees participated in the
organizational activities and give their valuable input which helps the manager in decision
making process.
In the organization, manager have to analyse various leadership styles and then
implement any one in the workplace in order to achieve effective outcomes. Manager have to
consider leadership style which promote innovation and helps in developing individual or
positively impact the business and its operations. Practising new leadership style which helps in
innovating and generating valuable ideas for the business.
2.2 Review, challenge and refine their style in order to support innovation
Leadership impact organization as well as innovation which is very important to analyse.
So manager have to select style as per the requirement of business operations because leadership
encourage individual to increase their efficiency as well as effectiveness in overall performance.
In order to support innovation leaders have to follow some components such as innovative
approach for leadership or leadership for innovation (PNIEWSKA, 2014). In order to face
challenges and unpredictable circumstances, leaders need to follow innovative leadership style
and have to develop innovative work culture within organization. Leadership style helps in
motivating employees regarding their performance and it will be possible by using
transformational and participative leadership style. Autocratic or laissez fare leadership style
demotivate employees which become barrier for innovation and creatively. So leaders have to
adopt leadership style after reviewing all the aspects.
2.3 Determine the need to promote sustainable innovative activity in context of business
operations
Organization have to analyse the requirement of promoting sustainable innovative
activities which helps in providing sustainability from medium to long term duration. It is an
essential thinking because, if innovation is not sustainable then it become difficult for employees
to implement actions which reduce further benefits. Requirement of sustainable innovative
activities discussed below:
 Financial and other resources required to implement innovative activities.
 In order to maintain stable business systems, effective workflow and other functions of
business operations.
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 Stable governance or economic climate which impact the organizational actions and
activities.
 To develop business model, leaders required sustainable innovative activities.
 Use advance technology which helps in implementing strategy.
 In order to expand business in new market segment will required sustainable innovative
activity.
All the activities will perform in context of operations where manager have to ensure that
production will be stable by using same technology in the whole period of production. In context
of people, internal as well as external employees are involved in implementing innovation over
the time and which associated with some rules & responsibilities.
2.4 Implement most appropriate means to promote knowledge transfer
There are various strategy which used by organization in order to promote knowledge
transfer and some of them discussed below:
 Peer to peer monitoring helps in transferring knowledge and helps the individual to get
guidance (Schweitzer and Groeger, 2016).
 It provide opportunity to observe work and provide valuable feedback which help in
improving individual performance.
 By using technology based activities, online charts, forums, blog posting helps in
sharing information.
Above mention strategies used to promote knowledge and organization have to ensure
that which kind of information they wanted to share and then select accordingly.
2.5 Identity, evaluate or manage risk which associated with innovation in the organization
In context of organization, it is very important for the manager to identify risk and use
appropriate methods to manage risk because it further associated with the innovation. Every
innovation include risk so before implementing any strategy or ideas they have to manage risk by
through formulating strategy in context of reducing risk related to the innovation.
Innovation is the most powerful tool which generate value and every new idea having
risk which required to measure. In context of small organization such as start-up, count under the
risk of failure because large organization have huge resources which make them capable to
survive in the market. Organization need to analyse risk and develop strategies to overcome
otherwise stakeholders not ready to approve for any innovation. So they make sure that, manager
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use better approach which can reduce reduce the chances of risk and it will be associated with
innovation.
TASK 3
Covered in PPT
CONCLUSION
From the above discussion, it has been concluded that innovation required to expand
business in the market. So managers have to prepare for this, where they follow effective
leadership style which motivate individual to produce any innovative idea which impact further
growth or proactivity. By using various techniques & tools which helps the employees to think
innovating and encourage them to actively participate in the decision making process through
giving their valuable suggestions.
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REFERENCES
Books & Journals
Clapham, A. and Vickers, R., 2017. Policy, practice and innovative governance in the English
further education and skills sector. Research in Post-Compulsory Education. 22(3).
pp.370-390.
Daly, S. R. and et.al., 2018. Innovative solutions through innovated problems. International
Journal of Engineering Education. 34(2 (B)). p.695.
Gynnild, A., 2014. Journalism innovation leads to innovation journalism: The impact of
computational exploration on changing mindsets. Journalism. 15(6). pp.713-730.
Jafari, S. M. and Ramalingam, M. S. T., 2014. February. The effect of knowledge management
practices on employees’ innovative performance. In 2nd International Conference on
Innovation and Entrepreneurship (p. 112).
Ness, R. B., 2015. Promoting innovative thinking. American journal of public health. 105(S1).
pp.S114-S118.
Nurutdinova, A. R. and et.al., 2016. Innovative Teaching Practice: Traditional and Alternative
Methods (Challenges and Implications). International Journal of Environmental and
Science Education. 11(10). pp.3807-3819.
PNIEWSKA, J., 2014. Design thinking qualifications framework–standardizing the innovative
approach to entrepreneurial education delivery to engineering students. Innovative
Teaching in Business and Management, p.55.
Schweitzer, J. and Groeger, L. C., 2016. Transformational Leadership, Design Thinking and the
Innovative Firm. Business Innovation and Business Invention-Leveraging
Interdependencies for Sustainability and Organizational Development.
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