Assessment tool to develop a potential idea that could provide a new product/ service that is innovative within the local industry in Australia. This idea should not be happening currently here, but elements of it, or very similar projects could be happening outside of Australia or the company.
The idea pitch demonstration would lead the Learner to work through the process of developing an idea, pitch the idea proposal and obtain feedback on the areas presented which includes:
Section 1 - Idea overview
Section 2 - Measuring market potential
Section 3 - The conceptual idea
Section 4 - Value proposition
The idea pitch would be assessed based on criteria on the following:
- The criteria assessment is defined against the 4 sections which would have a ‘Yes', ‘Pending' and ‘No' check boxes with a commentary column to provide additional information/ rationale to the evaluation.
- A scoring system would be tabulated according to the number of check boxes indicated during the evaluation step (as above) to derive a relative measure to ascertain the approval decision for the idea pitched. This would also include feedback and approval from senior management (your trainer would undertake this role).
1. Choose any of the case studies that are available in Moodle and provide a discussion on the following questions:
2. Using the National Innovation and Science Agenda website, provide a brief discussion on the following
Explain what is ‘The Agenda'
List out the areas which the Agenda can assist businesses
Discuss what is ‘The Innovation Connections' initiative
What are the pre-requisites (eligibility criteria) for a business to obtain support from ‘The Innovation Connections'
3. Based on Q1, prepare and pitch the new innovation idea to senior management (your trainer would represent this role) in order to get support and approval for this project. Ensure that this pitch would be presented in line with specific organisational objectives and business feasibility.
4. Develop an operational plan for the system, with budget, timelines and responsibilities
5. Initiate the trial, taking account of all required consultative, coaching and technical issues
6. Develop a communication strategy to support the introduction of the new system
7. Idea Pitch Checklist (to be completed by your trainer)
8. Consultation to improve/ refine idea presented