Estimated Time Objective To provide you with an opportunity to demonstrate your knowledge of the foundation skills, knowledge evidence and performance evidence. Complete the following individually and attach your completed work to assessment task 2 cover sheet. The answers to the following questions will enable you to demonstrate your knowledge of: Reading Writing Numeracy Get the work done Identify internal and external sources of information about business markets, customers and methods Explain the structure and goals of the business and how this impacts on business relationships, processes and methods Compare and contrast the culture of the business versus traditional business models Outline legal, ethical and security issues relating to business innovation Answer each question in as much detail as possible, considering your organisational requirements for each one. This Task will require you to carry out an investigation of your business strategies in order to identify opportunities for innovation and reform. You should carry out an evaluation of the opportunities that are identified and highlight the degree of likely change and ramifications for a business. You will also need to highlight any risks and develop appropriate contingencies to ensure that negative events have the least possible impact. For this Task you should highlight the comparisons and contrasts that can be drawn between the culture of a business and those with traditional models. You should highlight the ways in which an organisational culture inspires and encourages innovation. For this Task you should consider the example of an innovation that has recently been integrated by a business. You should carry out a review of the innovation in consultation with users and outline any steps that could be taken for improvement. This Task requires you to identify the structure and goals of an organisation and outline the impact on business relationships, processes, and methods. You should highlight the ways in which innovation is encouraged within your business. This Task requires you to outline the legal, ethical and security issues relating to business innovation. You should provide details of intellectual property and any other laws that apply in this context. It will also be necessary to detail the ethical and security principles that should be taken into consideration when dealing with employees and customers. Estimated Time Objective To provide you with an opportunity to demonstrate your knowledge of the entire unit. This is a major Task – your Trainer/Assessor will let you know whether you will complete it during class or in your own time. Attach your completed answers to ASSESSMNET 3 COVER SHEET. You must individually, answer the following questions in full to show your competency of each element: Compare the business with competitor businesses Identify business opportunities for innovation and reform Implement innovation This Task will require you to identify and decide on the merits of two innovative opportunities. You should evaluate the business markets and prospective customer bases for the opportunities and ensure that they are viable. It will also be necessary to carry out a cost-benefit analysis and make recommendations based on your findings. You should develop an implementation plan for the innovation that you think offers the greatest benefit to a business. Finally you should highlight the ways in which the innovation is monitored and any measures of success.

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