Unit code: M/650/6557 : Innovation, Change and Enterprise

RQF level: 7

Aim

The unit covers a wide-ranging set of business leadership disciplines and specifically innovation, change, enterprise and risk management. Consideration will be given to a range of models suitable for leading innovation, change, enterprise and risk management.

Learning Outcomes and Assessment Criteria

Learning Outcomes. When awarded credit for this unit, a learner will:	Assessment Criteria. Assessment of this learning outcome will require a learner to demonstrate that they can:
1 Be able to evaluate approaches to innovation.	1.1 Assess the value of ideas and change initiatives in their own organisation and report on the impact of continuous improvement initiatives. 1.2 Evaluate the advantages and disadvantages of proactive and reactive approaches to innovation. 1.3 Assess the role of creativity in innovation. 1.4 Analyse the ethical, environmental and sustainability dimensions of innovation. 1.5 Analyse the social and cultural factors to be taken into account when proposing innovative products, services or processes.
2 Be able to evaluate models of change and risk management.	2.1 Evaluate the advantages, disadvantages and requirements of a range of models for innovation, change, enterprise and risk management including the RMI (radical, mixed and incremental) approaches to innovation. 2.2 Assess the impact of disruptive technologies on the strategy of their own organisation.
3 Be able to understand entrepreneurship in business.	3.1 Evaluate the role, characteristics and value of entrepreneurship. 3.2 Analyse different entrepreneurial processes and mind-sets. 3.3 Distinguish between individual and corporate entrepreneurship. 3.4 Evaluate the organizational challenges and opportunities for achieving a balance of entrepreneurship and sustainability of a business.