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Questions 1 Outlined below are different types of innovations commonly implemented in businesses. Identify at least two benefits of each type of innovation for a

Questions

1

Outlined below are different types of innovations commonly implemented in businesses. Identify at least two benefits of each type of innovation for a business or organisation.

Types of Innovation

Benefits

Breakthrough

  • Allows firms to develop new products or services that are significantly distinct from those existing on the market, giving them a competitive advantage. This could entail designing a new product that is more innovative or effective than what is currently available, or a new service that provides a unique solution to a common problem.

  • Increased income and market share are possible outcomes. A successful breakthrough invention can significantly increase a company's sales and market share while also attracting new customers.
  • Can assist firms in expanding their consumer base and entering new markets. A successful new product or service can help a company reach a wider spectrum of clients by opening up new market prospects.

Sustaining

  • Allows firms to make existing products or services more efficient or effective by modifying them. Making a minor tweak to a current product to improve its performance, or adding a new feature to a service to make it more convenient or user-friendly, are examples of this.

  • Increased client satisfaction and loyalty are possible outcomes. Customers who are satisfied with the items or services they receive are more likely to use them again and refer them to others. Increased revenue and repeat business may result as a result of this.
  • Can assist firms in lowering expenses and increasing profits. Businesses can save money on production and operations by making existing products or services more efficient, which can enhance their bottom line.

New Market

  • Allows enterprises to enter new markets that they couldn't previously access. This could entail creating a new product or service tailored to a new market, or modifying an existing offering to better match the needs of a new target market.

  • Increased income and market share are possible outcomes. Entering a new market can give a company with a new stream of revenue while also allowing them to expand their market share.
  • Can aid in the expansion of a company's consumer base. When a company can expand into new markets, it may also extend its consumer base and access a wider pool of potential purchasers.

Disruptive

  • Allows firms to develop new products or services that are significantly distinct from those existing on the market, giving them a competitive advantage. This could be creating a new product or service that is vastly different from what is currently available, or introducing a disruptive business model into an established industry.

Can assist firms in expanding their consumer base and entering new markets. A successful new product or service can help a company reach a wider spectrum of clients by opening up new market prospects

2

Provide definitions for the following terminology.

Behaviour

Colleague/s

Communication

Collaboration

Debate

Debrief

Diversity

Feedback

Ground rules

Group Dynamics

Lateral Thinking

Outcomes

Opportunity

PESTLE Analysis

Pro-active

Reactive

Recognition

Reflection

Responsibility

Rewards

Team

Working relationship

3

Define each of the type of work hours arrangement outlined in the table below.a. Flexitime

  1. Compressed work week
  2. Job sharing

4

Outline at least THREE (3) benefits of having an innovative work environment.

5

List at least FIVE (5) characteristics of an effective team.

6a

Outline at least FOUR (4) factors that can lead to poor group dynamics.

6b

Outline at least FOUR (4) strategies that can be used to improve group dynamics.

7

Describe each of the following types of working spaces in a work environment. a) Assigned workspace

  1. Breakout space
  2. Co-working space
  3. Conference room
  4. Focus room

8

Describe the role that diversity can play in the ability for a team to be innovative.

9

Define element of agile working outlined below:

  1. Flexible working
  2. Autonomy

10a

List at least FOUR (4) external factors that may contribute to innovation in the workplace.

10b

List at least FOUR (4) internal factors that may contribute to innovation in the workplace.

11

For each of the following management activities, briefly outline how each can either hinder team innovation and/or encourage innovation.

MANAGEMENT

ACTIVITY

ENCOURAGE INNOVATION

HINDER INNOVATION

Allocation of time

Allocation of work activities

Modelling leadership behaviours

Rewards

Recognition

Open and Effective Communication

Feedback

12

Complete the table, briefly explain how each of the team characteristics listed below contribute to:

o A team becoming innovativeo A team remaining innovative

Team Characteristics

How It Contributes to a Team Becoming Innovative

How it Contributes to a

Team Remaining Innovative

Task Interdependence

Training

13

Answer the following questions about group dynamics.

  1. Describe the role of group dynamics in a team
  2. Describe the role of group dynamics in making a team become innovative.
  3. Describe the role of group dynamics in making a team remain innovative.

14

Answer the following questions about group diversity.

  1. Describe the role of diversity in a team.
  2. Describe how the role of diversity can contribute to a team becoming innovative
  3. Describe how the role of diversity can contribute to a team remaining innovative.

15

Complete the below table, briefly explain how each of the broader environmental factors listed below contribute to a team becoming and remaining innovative.

Broader Environmental Factors

How It Contributes to a

Team Becoming Innovative

How it Contributes to a Team Remaining Innovative

a. Political Factors

b. Natural Factor

c. Technological Factor

16

Questioning techniques are a critical method used to determine the perspective of others in the team.

For each of the following questioning techniques, provide a brief outline of what each is and how it can be used to encourage others to contribute to innovation within the team.

Probing

Clarifying

Open ended

Closed

17

Why are workplace policies and procedures important to facilitate team innovation ideas and to review innovation in the workplace?

18

What are some actions and or policies and procedures you can take to encourage innovation across your team and review successful innovation?

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