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Evidence Guide: BSBMGT619 - Identify and implement business innovation

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBMGT619 - Identify and implement business innovation

What evidence can you provide to prove your understanding of each of the following citeria?

Compare the business with competitor businesses

  1. Investigate information on business markets, customers and methods of doing business
  2. Analyse and compare the current market for the business and the customer base with typical business markets and customers
  3. Analyse and contrast current business relationships, business processes and methods of doing business with other innovative businesses
Investigate information on business markets, customers and methods of doing business

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and compare the current market for the business and the customer base with typical business markets and customers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and contrast current business relationships, business processes and methods of doing business with other innovative businesses

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify business opportunities for innovation and reform

  1. Investigate business strategies to identify opportunities for innovation and reform
  2. Assess opportunities for their compatibility with business goals and objectives, and conduct a cost-benefit analysis for each
  3. Evaluate the degree of likely change and the ramifications for the business and its culture for each opportunity
  4. Conduct a risk management analysis and formulate a plan for dealing with contingencies according to organisational requirements
  5. Rank opportunities in terms of their viability and applicability to the organisation
  6. 2.6 Include opportunities for innovation in the organisation's business strategy and prioritise them for implementation
Investigate business strategies to identify opportunities for innovation and reform

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess opportunities for their compatibility with business goals and objectives, and conduct a cost-benefit analysis for each

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate the degree of likely change and the ramifications for the business and its culture for each opportunity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct a risk management analysis and formulate a plan for dealing with contingencies according to organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Rank opportunities in terms of their viability and applicability to the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

2.6 Include opportunities for innovation in the organisation's business strategy and prioritise them for implementation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement innovation

  1. 3.1 Redesign aspects of the business in an innovative manner according to the organisation's business strategy
  2. Integrate innovation into the business and monitor to gauge usefulness and maximise implementation
  3. Review business innovation in consultation with users and make recommendations for improvement or further innovation
3.1 Redesign aspects of the business in an innovative manner according to the organisation's business strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Integrate innovation into the business and monitor to gauge usefulness and maximise implementation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business innovation in consultation with users and make recommendations for improvement or further innovation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Compare the business with competitor businesses

1.1 Investigate information on business markets, customers and methods of doing business

1.2 Analyse and compare the current market for the business and the customer base with typical business markets and customers

1.3 Analyse and contrast current business relationships, business processes and methods of doing business with other innovative businesses

2. Identify business opportunities for innovation and reform

2.1 Investigate business strategies to identify opportunities for innovation and reform

2.2 Assess opportunities for their compatibility with business goals and objectives, and conduct a cost-benefit analysis for each

2.3 Evaluate the degree of likely change and the ramifications for the business and its culture for each opportunity

2.4 Conduct a risk management analysis and formulate a plan for dealing with contingencies according to organisational requirements

2.5 Rank opportunities in terms of their viability and applicability to the organisation

2.6 Include opportunities for innovation in the organisation's business strategy and prioritise them for implementation

3. Implement innovation

3.1 Redesign aspects of the business in an innovative manner according to the organisation's business strategy

3.2 Integrate innovation into the business and monitor to gauge usefulness and maximise implementation

3.3 Review business innovation in consultation with users and make recommendations for improvement or further innovation

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Compare the business with competitor businesses

1.1 Investigate information on business markets, customers and methods of doing business

1.2 Analyse and compare the current market for the business and the customer base with typical business markets and customers

1.3 Analyse and contrast current business relationships, business processes and methods of doing business with other innovative businesses

2. Identify business opportunities for innovation and reform

2.1 Investigate business strategies to identify opportunities for innovation and reform

2.2 Assess opportunities for their compatibility with business goals and objectives, and conduct a cost-benefit analysis for each

2.3 Evaluate the degree of likely change and the ramifications for the business and its culture for each opportunity

2.4 Conduct a risk management analysis and formulate a plan for dealing with contingencies according to organisational requirements

2.5 Rank opportunities in terms of their viability and applicability to the organisation

2.6 Include opportunities for innovation in the organisation's business strategy and prioritise them for implementation

3. Implement innovation

3.1 Redesign aspects of the business in an innovative manner according to the organisation's business strategy

3.2 Integrate innovation into the business and monitor to gauge usefulness and maximise implementation

3.3 Review business innovation in consultation with users and make recommendations for improvement or further innovation