SUM MAN (1)

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School

Ohio State University *

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FINANCIAL

Subject

Management

Date

Nov 24, 2024

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docx

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2

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Activity Description: This is an individual summative assessment. Please follow the guidelines and criteria of the assignment, make sure your writing is precise and to the point, and that all sources are adequately referenced. This assessment is a compilation of all the homework that you have from session 21 to session 33. You will need to submit this assessment during week 11. Please note that the essay must be presented as one document as a PDF and uploaded on the VLE by the deadline. Objective: The main objective of this assessment is to gain skills in understanding how internal and external environmental forces influence innovation. The aim is to assess your skills and knowledge in proposing solutions for digital innovation. Guidelines: Examine how the internal and external environment influences a selected digital/tech dynamic industry through a 2000-word essay by: External Environmental Forces Internal Environmental Forces Dealing With Uncertainty. Structure: Cover page: This section should include the name of the industry, your name, class code and date. Introduction: This section should introduce the reader to the industry that you will be discussing. Findings and analysis: This section should include all the tasks that will be presented below. Brief conclusion: This section should recap the main characteristics of the company and suggests its stance in the market. Furthermore: The report should display a coherent structure. The report should be prepared as a neatly typed Word document (Times New Roman 12 points), with 1.5 spacing and page numbering. All sources must be referenced (using APA) in the text and a full bibliography must be provided (including visited websites). Paraphrasing or direct quotes taken from other sources must be clearly indicated with citations. No footnoting! Students are reminded that depth, relevance and variety are the crucial elements of quality research. Submission should be by the deadline via VLE (16th December 2023).
Task 1 (30 points): Choose a dynamic digital/tech industry and evaluate the external Environment factors that influence Innovation: 1. The impact of Global factors on Innovation (10 points). 2. The impact of First Mover Advantage on Innovation (10 Points). 3. The Impact of Social Responsibility on Innovation (10 Points). Task 2 (40 points): Evaluate how the below Internal Environment forces influence Innovation in the selected industry: 1. The impact of internal innovation processes & leadership on innovation (20 Points). 2. The impact of innovation culture & team performance on innovation (20 Points). Task 3 (30 points): Evaluate how the industry translates uncertainty into opportunities by: 1. Evaluate what types of uncertainty the industry is facing (10 points). 2. Explore what strategies are used to deal with & leverage uncertainty (20 points).
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