Level 5 CMI 517: Principles of Innovation Assignment Example
INTRODUCING ASSESSMENT
Innovation has the power to transform organisations, teams and individual performance. When a culture of innovation and entrepreneurship thrives, new ideas and initiatives flourish.
Assessment brief CMI 517 has been designed to enable learners to identify opportunities for innovation in the workplace (which may be in the form of new working practices, processes, new products or services), analyse the rationale for developing initiatives and know how to turn ideas into reality.
Guideline word count
The written word, however generated and recorded, is still expected to form the majority of assessable work produced by Learners at Level 5. The amount and volume of work for this unit should be broadly comparable to a word count of 3500-4000 words within a margin of +/-10%. The excessive use of word count is not grounds for referral, however the CMI reserve the right to return work to the Centre for editing and resubmission by the Learner.
The following are excluded from inclusion in word count, if used and not required by the assessment brief an introduction to a job role, organisation or department, index or contents pages, headings and sub headings, diagrams, charts and graphs, reference list or bibliography, reflective statement drawn from undertaking the assignment and how this has impacted on the learner’s work. Please see the CMI Assessment Guidance Policy for further guidance.
THE ROLE OF INNOVATION WITHIN ORGANISATIONS
In simple terms, innovation can be defined as doing something new or different. What is new or different to one organisation can be considered business as usual to another organisation. Research has shown that 99% of ideas are simply a variation of a previous idea.
TASK 1
Write a report entitled ‘The role of innovation within organisations’ which must include well chosen examples from a range of organisations.
The report must:
i. Examine the reasons for innovation in organisations (AC1.1)
ii. Analyse the types of innovation within organisations (AC1.2)
iii. Evaluate THREE (3) factors that support a culture of innovation in organisations (AC1.3)
Guidance for completion of Task 1
● Within the report you should include sub headings. You may choose to include tables and diagrams (as appropriate) to support your discussion.
● Your discussion should consider good practice examples of your own experience of managing innovation in a range of organisations you know well or have researched.
● Your discussion should be underpinned with relevant theoretical principles.
● Please refer to the indicative content for each assessment criteria (AC) outlined in the unit specification
THE PROCESS OF MANAGING INNOVATION IN AN ORGANISATION
The process of managing innovation in an organisation involves not only the application of methods and processes, but a detailed understanding of the role of the manager to manage stakeholder needs and interests, drive innovation and measure its impact.
TASK 2
Write a report entitled ‘The process of managing innovation in an organisation’. You may base your response on ONE (1) example of innovation (i.e. a new product, process or service) or use a range of well chosen examples of how innovation is managed in an organisation you know well or have
researched.
The report must be presented in THREE (3) sections:
A. The methods and process used to manage innovation in an organisation
To complete this section of the report you are required to use examples to:
i. Evaluate THREE (3) methods used to drive innovation in an organisation (AC2.1)
ii. Examine the process used for innovation in an organisation (AC2.2)
B. The role of stakeholders in the innovation process To complete this section of the report you are required to use examples to:
i. Discuss the role of the manager in leading innovation in an organisation, (AC2.3)
ii. Analyse with examples the role of stakeholders in the innovation process (AC2.4)
C. Methods used to measure the impact of innovation To complete this section of the report you are required to use examples to:
i. Evaluate THREE (3) methods used to measure the impact of innovation in an organisation (AC2.5)
Guidance for completion of Task 2
● Within the report you should include sub headings. You may choose to include tables and diagrams (as appropriate) to support your discussion.
● You may base your response on ONE (1) example of innovation e.g. a new product, service or process.
● You may use your own experience of managing innovation in an organisation or include good practice examples from an organisation you know well or have researched.
● You are encouraged to make reference to relevant theoretical principles/models/frameworks as appropriate.
● Please refer to the indicative content for each assessment criteria (AC) outlined in the unit specification.
