This report, focusing on BSBINN801 Lead Innovative Thinking and Practice, examines various aspects of innovation within a business context. It begins by comparing and contrasting past and current theories of innovation, such as diffusion theory and technology acceptance theory, and explains their practical applications in the workplace. The report then discusses the impact of leadership styles and industry dynamics on innovation, along with the influence of internal and external factors. It further explores strategies for identifying, assessing, and managing risks associated with innovation, providing examples of innovation drivers. The report also includes an innovation review, revisions to policies and procedures to support innovation, and a brainstorming session to encourage innovative work practices. The report concludes with an innovation evaluation report, summarizing the findings and recommendations for fostering innovation in the workplace, based on a case study of student behaviour and wellbeing.
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