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Innovation and Technology Management Formative Assessment 2020 For the ITM module you have to undertake a formative piece of work

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Innovation and Technology Management Formative Assessment 2020

For the ITM module you have to undertake a formative piece of work. It consists of a short report of 500 words

For this task you need to choose an industry or a business and undertake one of the following tasks:

Task1

• Investigate different types of innovations it has been engaged in.

Different typologies of Innovations in organizations.

Different schools of thoughts on innovation.

Discussion of innovation – such as, organizational needs, internal and external organizational factors affecting innovation.

Organizational setup and innovation – such as organizational processes and strategy.

Discussion of the comparison of core competences that generate its ability to respond to its environment.

Task 2

• Look at the core competence of the industry or business in creating new products.

Different types of core competences and capabilities.

Organizational balancing act between the internal actions in response to external pressures. Taking actions – such as New Venture Division etc.

Induced and autonomous actions.

Implementation of innovation initiatives and strategy.

Task 3

• Looks at the critical success factors needed for new product, such as understanding the market, sales process and further innovations.

Nature of CSF, knowledge (epistemological perspective)

Different categories of knowledge

Marking and Communication

Task 4

• Explain the types of capabilities and core competences needed to support the innovation in question.

Organisational strengths and weaknesses in innovation and research and design

Core competences and develop strategies

Knowledge sharing, e.g. communities of practice