BSBINN801: Lead Innovative Thinking and Practice - Assessment Report

This report, addressing the BSBINN801 unit, delves into the multifaceted realm of innovation within organizational contexts. It commences with a comparative analysis of past and present innovation theories, such as Disruptive Innovation and Three Horizons, elucidating their practical applications in the workplace with illustrative examples. The report then explores the impact of diverse leadership styles, including transformational, participative, and autocratic approaches, on fostering innovation. Furthermore, it examines the influence of organizational structure and industry context on innovation processes. Internal factors like management structure and communication, alongside external factors such as customer behavior and regulatory policies, are scrutinized for their effects on innovation. The report also outlines strategies for identifying, assessing, and managing innovation-related risks, along with identifying innovation drivers and enablers. It also describes mechanisms supporting innovation and addresses challenges and barriers to innovation, proposing solutions to overcome them. The second and third assessments are also included in the report, which includes an innovation review, policy revisions, and action plans to promote knowledge transfer. This report provides a comprehensive overview of key concepts and practical strategies for leading and implementing innovation within organizations.

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
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widely used innovation theories are acknowledged to be Disruptive Innovation (current) and
Three Horizons (past). The discussion in relation to both the theories is given as underneath:-
Disruptive Innovation:
This theory was brought into existence within a book written by Professor Clayton
Christensen’s book named “The Innovator's Dilemma.” This is a theory which provides a
detailed overview regarding the rationale behind large scale established firms getting overtaken
by small scale entities. This gave rise to the idea of disruptive innovation. In other words, this
theory put forward the premises that small scale organisations have the potential with the help of
which they can disrupt the market of large entities (Ungureanu, Pop and Ungureanu, 2016). This
is facilitated by way of introduction of a new version of a product or service of corporation that
can appeal to the target audience in an effective manner. The innovation hereby is introduced
with the help of a new technology or concept.
Three Horizons:
The Three Horizons Innovation Framework is based upon McKinsey’s Three Horizons of
Growth and is applied in a bid to ascertain the extent to which the offerings of corporation are
able to deliver value and are aligned with the corporate strategy with the evolution of time
(Pynnönen, Hallikas, and Ritala, 2012). With reference to innovation, the 3 horizons are
identified as follows:-
 Horizon 1: Exploiting the current offerings (core business activity and incremental
innovations to improve current offerings)
 Horizon 2: Extending the business with new offerings which build on the core but
provide new value
 Horizon 3: Exploring new future offerings that could change the company but aren’t
ready yet
With the efflux of time, it is seen that organisations observe and take into account the
alterations taking place within the scope of consumer needs, choices, rivalry, technologies,
market. This tends to decrease the value of current offerings, thereby giving rise to the need for
substitution with much more innovative merchandise. When this takes place, there are disruption
points wherein a horizon gets substituted by another one. This is illustrated with the help of an
image as outlined beneath:-
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(Source: Three Horizons framework, 2019)
2. Explain the practical application of theories and thinking on innovation and creativity to the
workplace, giving examples to illustrate your answer.
3 Horizons:
This model is applied within the confines of business organisation for a number of
purposes, such as:-
 To facilitate futuristic thought process in the organisational structure.
 To develop a working atmosphere which facilitates stipulation of innovation initiatives in
terms of offerings or business policies (İplik,Topsakal and Doğan, 2014).
 To develop intrinsic framework which is required for assurance of success of long term
innovation initiatives.
 To inflate business analysis which put due emphasis over opportunities as well as
constraints that a corporation may encounter in the upcoming course of time. To create an effective developmental course of action which allows the fulfilment of
vision within the stipulated course of time.
Disruptive Innovation:
This is a theory that is widely being used by corporations across the globe in the present
era with a view to gain the attention of a large number of persons. A remarkable example of
application of disruptive innovation at international scale is Uber. This organisation significantly
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I
llustration 1: Three Horizons framework

disrupted the taxi sector by provision of transportation services on demand through booking done
by way of company's mobile app. The payment can be made either with the help of the
application or in cash. Yet another example of application of this theory is AirBnB. This
company disrupted the hotel sector by way of creation of a market which tends to set connection
between the spare bedrooms of people & apartment space and renters who look for temporary
kind of accommodations (Santoro and et. al., 2018). MaxCDN.com is another exemplary
organisation which largely disrupted the file syndication sector by provision of facilities which
were regarded tor be reasonable for low end marketplace instead of only the large web
properties.
3. Discuss how leadership styles can impact on innovation in organisations. Include at least three
examples of leadership styles and their impact on innovation.
Leadership existing within the confines of a corporation tend to place a significant
influence over innovation taking place within the organisation. In this regard, it is seen that
different companies adopt diverse leadership styles and these tend to hold positive or negative
results in relation to innovation within the company. With regards to this, impact of leadership
styles over innovation is explained by taking into consideration 3 crucial styles, as follows:- Transformational leadership style: This is a leadership style which is keen on
developing an atmosphere whereby changes take place in a rapid manner in accordance
with the alterations taking place within the business environment (Holtzman, 2014).
Thus, it can be identified that this leadership style creates positive working environment,
facilitating employees to give their contribution in coming up with innovations at regular
intervals. Participative leadership style: This leadership style fosters individuals working within an
organisation to get indulged in organisational practices and processes. As a result of
implementation of this style, staff gets encouraged and give their efforts in introducing
timely innovations.
 Autocratic leadership style: This leadership style restrains the creativity and uniqueness
held by employees (Seebode, Jeanrenaud and Bessant, 2012). Thus, it can be identified
that this style has a negative influence upon innovation within the organisation as the
prime motivation for employees is absent hereby.
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4. Discuss how the organisational structure may impact innovation at work.
The structure that an organisation adopts place a significant influence upon innovation at
workplace. In this regard, it is seen that organisational structure defines the chain of command
and reporting authority for individuals operating within a company (Semuel, Siagian and
Octavia, 2017). A flexible organisational structure would allow the employees to take effective
initiatives for the facilitation of innovation whereas a rigid form of organisational structure
would restrain the productivity of employees, increasing the complexities for them. This would
hinder them from giving their best efforts for introduction of innovation by entity at market
place.
5. Discuss how the industry context within which a company operates may impact innovation at
work.
The industry within which a company operates also places a significant influence upon
innovation at workplace. For instance: Aston Martin operates within the confines of automotive
sector which is an industry that largely promotes the introduction of innovations by companies at
rapid intervals of time (Gebauer, Worch and Truffer, 2012). This would facilitate the respective
auto-maker to launch innovative offerings at frequent periods of time to effectively appeal to
people.
6. Analyse and discuss three internal conditions or factors that can impact on organisational
innovation.
The most prominent internal factors that place influence on innovation within a company
are management structure, communication strategy and leadership. Usually, these aspects foster
a firm to launch innovative offerings which can disrupt the market place and provide assistance
to the corporation in inflating its existing market share as well as brand value.
7. Analyse and discuss three external conditions or factors that can impact on organisational
innovation.
The most prominent external factors that place influence on innovation within a company
are customer activities, rival firms and regulatory policies. All of these affect innovation either in
a positive or negative manner (Debruyne, 2014). Generally, it is seen that these facets encourage
a firm to take efforts through which it can come up with innovative offerings and business
practices that can cater to the needs and demands of market place.
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8. Explain two strategies that can be used to identify, assess and manage risks associated with
innovation.
It is crucial for an organisation to determine, examine and manage risks related to
innovation (Chesbrough, Lettl and Ritter, 2018). In this regard, there are several strategies that
can be used by a corporation, however 2 of the most effective strategies are enlisted below:-
 Foster constant learning with the help of which risks can be timely identified by
employees and dealt with in an effective manner to reduce the adverse outcomes.
 Carry out regular market research in order to identify risks at an earlier stage such that
corrective actions can be timely taken to come up with rapid innovations within the
organisation.
9. Outline three examples of innovation drivers in an organisation.
There are several factors that drive a firm to undergo innovation. Some of the most
prominent drivers in this regard are acknowledged to be changing business environment, new
entrants and untapped marketplace opportunities. All of these encourage a corporation to take
effective initiatives through which the firm would be able to come up with innovations at market
place to appeal to people and thereby inflate the organisational revenues as well as profits.
10. Outline three examples of innovation enablers in an organisation.
Abundance of resources, effective leadership and real time decision making abilities are
recognised to be some of the most important factors that enable a firm to come up with
innovation (Abdel-Razek and Alsanad, 2014). These tend to provide assistance to the employees
as well as the organisation as a whole to come up with innovative offerings and practices that can
captivate a large base of audience and retain them for a long period of time in future.
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.
12. Discuss three typical challenges and barriers to innovation within an organisation and ways
of overcoming these challenges and barriers.
Lack of budget, ineffective communication strategy and obsolete technologies are
regarded to be the biggest barriers or challenges to facilitation of innovation within the confines
of an entity. These tend to hinder the enterprise from taking effective initiatives with the help of
which innovation can be brought in the premises of company (Spieth and Schneider, 2016). To
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deal with these challenges, a corporation should perform market research at timely intervals and
adopt PDCA model. Through the adoption of these ways, a firm is effectively able to overcome
the adverse effects of such challenges within an entity.
ASSESSMENT 2
1. Develop an innovation review.
Innovative workplace conditions
There are very positive workplace condition in places like colleges as well as RTO which
is helpful in encouraging people as well as other staff member. King Edwards VII is well known
colleges which is based in Melboume. It is offering different courses which which includes
management, marketing, human resource as well as international business (Webster and Collier,
2016). It has recently enrolled 195 students and this college in offering new and innovate
teaching method. This college and RTO is focusing on encouraging innovation for enhancing its
operations.
There will be various benefits and advantages that could be achieved by individual by
encroaching innovation in respective college and RTO. It is very helpful in performing task in
effective and efficient manner. Impact of collective innovative thinking and creativity on
individual is mention below.
 This will help in conducting business activities as well as task in different and creative
way.
 Innovation and creativity will lead to improve overall performance as well as
achievement of desired objectives.
 This will be supportive in dealing with difficult issues and problems.
Innovation drivers and enablers
There are different innovation drivers and enablers that will help in performing task or
activities of RTO and Colleges. These innovation drivers will lead to conducting business
operation in effective and efficient manner (Mejía, Acosta and Collodi, 2013). It is essential for
respective college and RTO to identify and analyse these innovative drivers and enablers in order
to enhance performance.
Information technology - It is essential for RTO and college to use new and innovating
technology in order to perform task in correct manner. In this driver will help in linking data for
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connecting or transferring information. Enablers is considered useful for managing data of
respective workplace area.
Organisational rules and regulations – There are different rules and regulation set by
organisation and government. Drivers will lead to increase efficiency as well as cutting cost
where as enablers will help in stewardship of data in effective manner.
Institutional and environmental - In this drivers will help in creating transparency as
well as accountability of work. Enablers will be supportive in providing value to users as well as
evaluating performance of organisation.
Integration
There are different strategies that could be used by respective college and RTO as
integral part of organisation and its activities (Charteris, Smardon and Nelson, 2016). It is very
important to identify different strategies as well as implement it in effective manner.
 Clear sense of direction – This is considered as an effective strategies as in this
respective workplace area needs to provide clear sense of directions. This will be very
supportive in implementing innovation techniques in correct manner.
 Open communication – It is essential to develop and create open communication in
organisation. This will lead to have impact over contribution in order to make innovation
as integral part of organisational activities.
 Providing rewards and recognition – Rewards and recognition is very important in
motivating employees. Though this strategies respective workplace will be able to
contribute maximum in making innovation as an integral part of organisation.
Risks
There are various risk that is associated with introduction of innovation in an
organisation. It is very important for respective workplace area to manage as well as identify
major risk in order to reduce it. The major risk that is associated with implantation of new and
innovative technology at workplace are failure of technology, financial issues, organisational
risk, inappropriate use of technology (Chen and Venkatesh, 2013). It is essential for organisation
to train its employees in order to introduce technology in correct manner.
Techniques and tools
There are different tools and techniques that could be used by respective workplace for
generating new ideas as as well as critical thinking. These tools are given below.
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 Brainstorming – In this techniques respective company needs to conduct a group
discussion that will help in enhancing creativity thinking of an individual as well as
solving various problems.
 Creativity problems solving – This is considered as an effective tool which will help in
enchaining critical thinking. In this different issues and problems are given to employees
in order to get creative solution to problems.
It is essential for workplace to use effective tool and techniques that will lead to foster innovation
and creativity.
 Employee engagement – When organisation is engaging its employees with business
activities this will lead to increase in improving innovation and creativity in individuals.
 Freedom and ownership – It is important for respective workplace to provide freedom
and ownership to its employees so that they can take their own decisions.
Trends
There are various trends in market area that will help respective company to perform
business functions in better manner (Isabirye and Dlodlo, 2014). King Edwards VII can use
different E learning and digital platforms in order to improve its functions. This will help in
providing distance learning courses to students as well as meeting with current trends of market.
Communication
Kings Edwards VII needs to use proper communication process in order to inform each
and every staff member about the decisions. In this communication should flow from top level
authority to middle and then to employees at lower level authority.
2. Send an email to the CEO
To: CEO
CC/ BCC:
Subject: Innovation in organisation
Respected Sir.
I would like to inform you that there are various new trends in market that should be established
in respective workplace. These tools and techniques will help in growth and development of
organisation as well as attract large number of students towards Kings Edwards VII college.
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