BSBSTR801 Assessment Task 2
BSBSTR801 Assessment Task 2
BSBSTR801 Assessment Task 2
Task summary
This assessment task requires you to undertake market research relevant to a product or service
available in today’s marketplace.
This project requires you to complete the assessment tasks in a real workplace (your current
workplace can be used). If you are not working, select a workplace you are familiar with.
Required
You are required to demonstrate your ability to:
lead at least one innovative thinking and practices for an organisation or work area.
research, review and analyse trends in thinking and emerging practices as they relate to
an organisation’s current thinking and practices
develop capacity to lead innovative thinking and practice in an organisational context
Timing
1. You may review this assessment task at the commencement of your unit.
2. You may start this assessment in the first week of the term
3. Your assessor will advise you of the due date of this assessment via Canvas and you must
submit by the due date.
Note: Failure to submit by the actual due date, will be marked as “Late” and recorded as an NYS.
Submit
This completed workbook and the report you prepare.
You may use templates from:
www.canva.com
www.monday.com or
templates provided by us in your resources.
Assessment criteria
For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all the
assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete further
assessment to demonstrate competence.
Re-submission opportunities
You will be provided feedback on your performance by the Assessor. The feedback will indicate
if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed, the assessor will explain why, and
provide you written feedback along with guidance on what you must undertake to demonstrate
satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel that you have been
dealt with unfairly or have other appropriate grounds for an appeal.
You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of
this task or if you have any learning issues or needs that may hinder you when attempting any part of the
assessment.
Assessment Cover Sheet
Student name:
Student ID
Trainer’s Name:
Date Submitted:
1. Read the case study below and complete the task that follow.
ABC Corporation is a fitness centre that has been in the business for 5 years. It employs 10
staff and has 120 subscribers. Due to COVID-19 restrictions, its monthly income lowered by at
least $10,000 per month.
Assume that you have just been hired as the new Innovation Manager of ABC Corporation. In
this task, you are required to develop an Annual Innovation Review of the organisation. Its
goal in 2022 is to lower its operational expense by $5,000 and ensure productive sessions with
subscribers.
In your Annual Innovation Review, you need to research and review at least one (1) of the
organisation’s trend relating to its current thinking and practice and discuss how you can
support and sustain it in the next 5 years as Innovation Manager. Please use the template
provided.
Employees have strong mentors and feel confident in their growing abilities.
Passion for company success is welcomed and promoted among all employees.
Trust is easily built between leaders and employees who rely on their guidance.
1. Recognize that a model exists and needs to be developed for judging risk and return:
Even those innovations that involve only minor alterations to existing products or
require minimal investment are built on a foundation of knowledge. Cognitive scientist
refers to the use of this knowledge about risk and return as a “mental model” whereby
the decision maker assesses the trade-offs of taking risks and generating return.
1. Ask Questions. Asking questions to your employees regularly helps generate a lot of
ideas.
2. Provide Incentives.
3. Encourage Feedback.
4. Gamify the Process.
5. Communicate Effectively.
6. Use an Idea Collection Tool.
7. Take Action on the Great Ones.
8. Schedule Regular Brainstorms.
Team approaches foster communication, consultation and team development for innovation
In order to achieve this innovation—to start creating ideas, processes, services, and products
that are forward-thinking and unique—companies need to make permanent allocations of
money, people, time, and equipment that are dedicated to the sole mission of innovating.
1. Generating Ideas
Generating ideas is the exhilarating part of the process. It is best to do this in teams, rather
than individually. Innovative ideas generally come from a vision, an unreasonable demand, or
a goal.
2. Capturing Ideas
Capturing the ideas from the first stage is done by means of team discussion or discussion
among peers. It is important to record the ideas.
3. Beginning Innovation
Review the list of ideas and develop them into a series of statements of ideas. Next, quantify
the benefits of each idea to be pursued. Do this in reference to the department, the
organization, and/or the customer.
Processes to undertake that will confirm ongoing awareness of individual and collective
contributions to innovative thinking and practice
Organizational firms adopt openness in the innovation absorption where the dynamicity gets
established. It is orienting to better learning and research environment that firms develop
their performance capacity. With the help of leadership and teamwork innovation a creative
tilt of gaining evolved ideas and competitive edge oriented understanding to be created. This
makes the organization encourage training and creative learning than that of industrial
effectiveness fostering growth oriented performance. Making the firm secure better results
with new ideas are helped to create sustainable position in the market.
Implementing a new innovation program can require sweeping internal changes, meaning that
some employee roles will change for the better, and others will change for the worse.
Defined as the ability to transform innovation resources and capabilities into outputs that
result in innovative market success, innovation performance underscores the notion that
achieving market success is reliant on the efforts of other innovators in one's environment.
Simply put, innovation can lead to higher productivity, meaning that the same input generates
a greater output. As productivity rises, more goods and services are produced – in other
words, the economy grows.
Overall performance was satisfactory for them. They are happy with their decision of making
investment to our fitness company. They want to focus more on old aged customers as they
need more care then other young clients. Also, new equipment must be added for old aged
people as it is difficult for them to deal with heavy weights, we need to introduce new exercise
for them and some equipment which are flexible in use and gives good result.