Responsibility to foster an internal culture that

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responsibility to foster an internal culture that recognizes and supports creativity and innovation to ensure they sustain their competitive advantage in the marketplace. For an organisation in which you have access to, provide examples of the organisations implementation of each point, i.e. strategy for innovation, innovation leadership throughout the organization, culture and people, etc. 2. Research and describe in detail, a range of measurement metrics that can be utilised in conjunction with variance analysis to determine performance and trends within an organisation. Using an organisation you have access to: (a) Determine those organisational systems and processes most critical to its success. Determine also, the performance standard required of the critical system/s or processes and any appropriate benchmarks or benchmarking opportunities. Standards are typically expressed quantitatively (in terms of numbers) to ensure that performance expectations are clear and easily measured. Quantitative standards are usually expressed in terms of one or a combination of the following dimensions: Physical or productivity - quantities of products/services, numbers of customers/clients, etc Budget or Monetary - ROI, break-even point, liquidity, labour costs, materials costs, sales revenue, gross profit, etc Time - scheduling, critical path timeframe, process time, waiting time (queuing), etc Qualitative (subjective) standards also play an important role although performance is much harder to measure. These may include 'qualified' personnel, 'team players', 'appropriate dress', 'satisfaction', 'expectations', and the like. Determine also whether these are reflected in the organisation's strategic or department/unit business plans. If you don't have easy direct access to an organisation, interview a manager in an organisation you know.
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BSBMGT608 Assessment Version 1.1 07/19 Page 6 of 18 (b) Use the appropriate assessment tools and associated benchmarks to analyse the performance of all critical processes within the supply or value chain of one organisational sub-system (ie, Marketing, Finance, HR, Operations, Procurement, etc). Describe the processes and discuss your own process of analysis in undertaking this task. Was performance variation identified? If positive variation (achieved/overachieved), is there a recognition mechanism used by the organisation to ensure motivation? If negative variation (under achievement), what corrective action is recommended to the organisation's sub-system or its processes? How could innovation or continuous improvement be used to address variations and ensure efficiency and competitive advantage? (c) determine the changing macro and market trends that most affect it. Thinking of its predicament, how could innovation be used as an opportunity to redesign or realign systems/processes and gain competitive advantage where such environmental influences are at play?
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