BSBSTR601 Manage Innovation and Continuous Improvement Assessment Answers
Assignment Details:-
- Subject Code: BSBSTR601
- Title: Manage Innovation and Continuous Improvement
- Location: Australia
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Assessment Task 1
Questions
Provide answers to all of the questions below:
1. Outline two methods for conducting cost-benefit analysis.
2. List three ways that knowledge management systems can be established in an organisation.
3. List three types of continuous improvement systems/process that can be used in an organisation.
4. Complete the following table regarding creativity and innovation theories and concepts.
| List one creativity and one innovation theory | Summarise the theory, including key concepts |
5. List three principles that are relevant to organisation learning.
6. Complete the following table regarding quality management and continuous improvement theories.
| List one quality management and one continuous improvement theory | Summarise the theory, including key concepts |
7. List three concepts associated with risk management.
8. Explain how to conduct a gap analysis of an organisational system.
Assessment Task 2
Project Portfolio
Activities
Complete the following activities:
1. Carefully read the following:
This project requires you to complete a range of activities relevant to managing continuous improvement and innovation for at least one organisation or work area within an organisation (e.g. a department of a company).
If you choose to base your assessment on your own business or work are, it is important that you are able to access enough information for your chosen business or work area to be able to successfully complete each of the assessment tasks. As a minimum, this will include information on current process and systems, as well as reports on performance of the business or work area. Speak to your assessor to get approval if you want to base this on your own business or work area.
2. Continuous improvements and innovation review and planning.
The first part of this assessment task requires you to review existing systems and processes, as well as performance within your chosen organisation or work area in order to identify changes required. You are therefore required to:
- Analyse performance, including variances from plans and areas for improvement
- Identify and analyse trends as applicable to the organisation, as well as opportunities
- Identify team members who can assist with continuous improvement and innovation
- Identify optimum ways of working with the team to achieve objectives relevant to continuous improvement and innovation. This should also address potential learning opportunities that the team would benefit from.
- Identify strategies that could be used to monitor and evaluate ongoing performance and sustainability of key systems and processes.
Based on your work above, you are also to develop a continuous improvement and innovation plan that includes objectives, timelines, Key Performance Indicators (KPIs) and communication plans. You plan should also address impacts and contingencies arising from the plan.
In the next activity step, you are to present your work to your team. This will allow you to seek advice on opportunities for improvement, at the same time as mentoring/coaching your team members on ways of working that contribute to continuous improvement and how to be innovative.
Develop a presentation following the guidelines in your Portfolio. Make sure your presentation has a logical structure and is in language that your team can understand. Your presentation will last for approximately 15 minutes and you will need to ensure you provide the opportunity for others (fellow students) to provide feedback.
Work on Section 1 of your Portfolio. If you are completing this assessment based on the case study organisation, your assessor will then advise you of the date and time of your presentation, as well as the students who will be participating as team members. If you are completing this for your own business, you can organise a meeting with relevant team members to present your work to and to consult with. Your presentation should be for approximately 15 minutes.
3. Continuous improvement and innovation presentation.
Provide your presentation to your team.
Your assessor will be looking to see that you can:
- Communicate the information required
- Discuss continuous improvement needs and opportunities
- Explore a range of approaches
- Use language that your audience can understand
- Use effective communication skills to build rapport and encourage participation
- Use coaching and mentoring skills to assist team members to contribute to continuous improvement and innovation.
If you are completing this in your RTO, the meeting can either be viewed in person by your assessor or you may like to video record the session for your assessor to watch later. If you are completing this based on your own business, make sure you record the session for your assessor to watch. Your assessor can provide you with more details at this step. Make sure you follow the instructions above and meet the timeframes allocated.
4. Update continuous improvement and innovation plan.
After the presentation and using the feedback from your team, update your continuous improvement and innovation plan.
5. Monitor and evaluate continuous improvement and innovation.
In this final activity you are to monitor and evaluate continuous improvement and innovation. If you are completing this for the case study organisation, use the information in your Simulation Pack. If you are completing this for your own business, carefully review the instructions in your Portfolio and access the information required.
6. Submit your completed Project Portfolio.
Make sure you have completed all sections of your Project Portfolio, answered all questions, provided enough detail as indicated and proofread for spelling and grammar as necessary.
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