Topic outline

  • Learning Task 1.1 Identify the Level and Type of Innovation

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    • Task

      Access a case study and respond to the prompts.

      Learning Outcome

      After completing this task you should be able to:

      • define innovation
      • identify levels and types of innovation

      Due

      Early in Week 1.

      Suggested Procedure

      1. Form a response to the following:
        • What are the similarities and differences between an idea, invention and innovation?
        • What qualities make a business innovation worth pursuing?
        • What is a competitive advantage and how it be supported by innovation?
        • How does the pursuit of competitive advantage support decision making around what ideas are worth pursuing?
        • What aspects of an innovation ensure that the competitive advantage is sustainable?
      2. Select one of the case studies that you will use throughout Week 1 for learning activities. Access relevant materials that describe the level and type of innovation for your chosen organisation: 
        • Case study 1.1: Social Entrepreneurship
        • Case study 1.2: Technology Innovation and Commercialisation
        • Case study 1.3: Corporate Entrepreneurship
        • Case study 1.4: Family Business
      3. Analyse the level and type of innovation leveraged by your chosen organisation, and summarise the results of your analysis.
      4. Can you identify other alternative uses (or applications) of this innovation?
      5. Post your response to the Learning Task 1.1 Forum.
      6. After posting, read the responses from your peers. 
      7. Comment on at least one post that supported your understanding of competitive advantage.
      8. Be sure to reply to any comments and/or questions on your postings.
      9. The course teaching team will be facilitating discussions during the week and will summarise the key ideas after everyone has had a chance to respond.

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