Question No.

01
Early adopters: The word "early adopter" refers to a person or company who is the
first to use a new product, invention, or technology. Early adopters are used by
companies to provide input on product flaws and to fund the costs of research and
development.

Early majority: Early majority implies a phase in the dispersion of a modern

technology that embodies the initial huge portion of a community to accept the
innovation. An early majority frequently arises when an initial step taker observes
preliminary achievement by snatching market share before opponents enter in a
market.

Late majority: The late majority is a similar portion of the common public and
implies to the group of people who pursue the early majority for accepting innovation
as a portion of their everyday life. Generally, it is actually the late majority that
receives the largest price deduction to attract them to purchase after the early
majority has all bought in.

Laggards: As the name itself indicates, lag behind the rest of the community in
accepting innovative products and modern ideas. This is primarily due to their
aversion to risk and rigidity in their methods. However, the widespread adoption of
innovation in mainstream society makes it hard for them to live (and function) without
it. As a result, people are compelled to use it.

Question No.02
Core business values:
This structure relies heavily on core innovation values. They represent your views
and opinions about any kind of innovation. These laws also play a role in interpreting
your company's preferences, how staff should move toward solution of the problems
occuring, and your execution probabilities. Corporations often behave according to
their fundamental principles without even realising it. The 7 essential company
principles that impact innovation in an organisation are leadership, individuality,
quality, creativity, trust, accountability, and measurement. These are critical in
establishing a strong inventive culture.

Overall objectives:
Your goal with innovation is to build the company you need to be. Innovation is the
process of transforming your company into the best it can be. You have the ability to
innovate in your product, process, or market and advertisement. The most difficult
component is calculating the impact. Measuring relative impact and importance is a
major difficulty when it comes to innovation goals. The value is in the change, and
the key to enabling change is innovation.

Broader environmental context - Competition:

When companies compete against one another, they are attempting to produce the
most recent innovation to hit the market. “Competition is a key driver of
innovation.”External influences can also be the focus of a company's strategy and
government policies as well. The firm's external environment, which can affect
innovation, as well as the difficulties and possibilities that come with it, are factors
that managers must consider when making strategic decisions, particularly those
related to innovation.

Technology:
The phrase "technological innovation" implies a comprehensive description of the
term "innovation." Innovation is interpreted as carrying out additional measures in the
development of new services and products for the marketplace or the common
population that fulfill unfulfilled requirements or figure out situations that have not
been handled before.

The operation of commercial organisations is centred on technology. Ads running on

different social media platforms i.e Facebook, Instagram, etc and different ads
running through television and other technological resources like advertisement
through emails and text messages and a variety of other new technologies are
among the advancements.

Legal:
Embracing a culture of change, nurturing engaged staff, utilising technology, and
cultivating loyal clients are all part of legal innovation. Every legal conference has a
hot issue on innovation, and every law firm is thinking about it right now. Some
companies are responding by establishing entire innovation departments to meet the
need.
The organisations that succeed will realise the value in utilising legal technology with
their clients.

value and benefit of ideas and projects:

the execution of innovative ideas in order to create value, usually through higher
revenues, lower expenses, or a combination of the two. The objective of innovation
is to rise up with modern ideas and technology that increase efficiency while also
increasing output.
Ideas and innovation projects[+ evaluation tool]... are evaluated on a regular basis
as part of a review to determine their value and benefits. The benefits of the ideas
and innovations should be as great as possible (success potential), and their
execution should be practical (feasibility), which implies that they have a high
possibility of being implemented with the least amount of risk and cost as possible.

Question No. 03
R1.
Management Practices: Creating a culture of innovation, like many other
strategic initiatives, boils down to managerial leadership.

Organizational Motivation and Encouragement: Creating an innovative

culture in terms of motivation and encouragement necessitates cross-silo
collaboration and communication.
 Resources
People must strike a balance between managing the day-to-day and striving
for improvement and reinvention in order to innovate.
R2
● The Workplace
The workplace itself can serve as a tool for innovation by setting up an
innovation centric environment at the workplace.

● Virtual tools
The quality of our tools and our ability to utilise them can make a substantial
difference in the productivity of our open innovation activities as we spend
more and more time working and talking via our computers, interacting with
our colleagues and outside partners, clients, and vendors.

● Effective collaboration
As we've already established, collaboration will be crucial in a lot of the critical
work that will be done in your innovation sector.

Question No. 04
1.Anti-discrimination leglislation:
Workplace authorities can no longer reject new ideas from individuals based on
characteristics such as race, gender, age, or disability.

● Racial Discrimination Act 1975

● Australian Human Right Commision Act 1986
● Sex Discrimination Act 1984
● Disability Discrimination Act 1992
● Age Discrimination Act 2004
2.By setting a law of procedure within the workplace, we be able to:
● Set a Standard
● Create guidelines
● Professionalism

Conducting a safety checklist, for example, to avoid any hazards or dangers for
those attending an event.
Workers want and justify a worksite that is both physically and emotionally
comfortable, where they are able to concentrate on their job and discover
innovations instead of worrying about unstable working circumstances, bullying, or
prejudice. Employees also expect to be reimbursed honestly and have their secrecy
honored.

Question No.05
Innovative leadership:
It entails combining many leadership styles in firms in order to encourage employees
to develop innovative ideas, products, services, and solutions. As a creative director
at the Sahara Agency, it is my responsibility to provide guidance to all employees in
the workplace so that they may unleash their inner creativity and do their
responsibilities in a friendly or artistic manner, emphasising the value of creativity
and innovation.

Ethics:
The goals of an organization's leader, director, or manager are to demonstrate
ethical communication, which includes following the law, speaking the truth, labelling
ideas, being objective, communicating clearly, using inclusive language, and giving
credit. In this type of atmosphere, a leader listens to everyone's point of view and
also trains its employees to be inventive.

Initiative
You'll never get what you want if you don't go after it. If you don't inquire, you'll
always get a negative response. You will always be in the same place if you do not
take a step forward. That is why a leader must be an inventive leader, as well as a
self-motivator who constantly challenges himself to be better and more motivated in
order to improve the workplace environment. He also inspires employees to improve
their performance at work by encouraging them to try new things.

Diversity
Ideas can come from anyone, and the more an organization's diversity, the more
ideas it generates. The workplace is far more diversified than what we perceive on
the surface. Diversity encourages innovation. We must solicit the greatest ideas from
our employees at all levels of the Sahara Agency and incorporate them into our work
processes.

SOCIETAL SURVIVAL
Management may turn the wheels of progress, but leadership determines the
direction in which innovation will flourish in the future. For the majority of modern
society's requirements, the answers, as well as the products and services that arise,
will emerge from the technical arena developed and fostered by the people who
generate them. A considerable number of technology accomplishments are
manifested among the creatively oriented, which will almost certainly occur due to
strong leadership participation.

Question No.06
R1
1.Lack of leadership
The top-down approach to innovation is required. Authorities, board of directors, and
CEO's frequently contradict or oppose the strategic significance of the innovation as
a business driver and they are more concerned about the output of any strategic
step taken which involves financing. In this case, the employees within the
organisation keep doing the previous things that they've always done.
All of this has negative consequences, such as team burnout, inefficient processes,
and a lack of growth. Check in with yourself as a leader. Poor administration or
leadership implies poor confidence, increased turnover, and a lessened capacity to
attain long-term success and innovations within the workplace.

2.Lack of collaboration
Any organisation that has a staff that is having trouble collaborating can be costly
and possibly have a negative influence on innovation.
Internal finances and procedures are not ever making it simple for teams to work
together. Personal revenue intentions direct to fights over budget and a hesitation to
‘share' contributors, even when the company's retrieval may be better in case if
teams worked together over a profitable innovation. After all, they work for the same
company and might have broadened their horizons and improved their reputation in
order to achieve the company's goals. Failure to participate lost the firm money and
may have harmed its relationship with a key client.

3.Lack of focus
To solve a given problem or complete a specific task, focus teams represent various
functional specialties or process segments. If an organization is not convinced of
where it should have focused its actions, it might effortlessly spend eternity on
inefficient actions. It's simple to be sidetracked by recent technology and products,
but if they're not assisting you attain your objectives on innovation, you must not
expend your moment and capital on them. In reality, lack of focus is the greatest
opponent to success. There may be times in your team when one or more team
members are absent.

R2
Lack of Strategy, Vision
The benefits of innovation are normally misunderstood by several companies.
Remaining applicable is important to those bus innies in terms of their rewards,
accordingly they greet upheaval wherever possible.
However, this could be a contributing factor. One of the main challenges confronting
potential innovators, according to numerous innovation specialists, is an absence of
vision and agenda. Possessing several divisions collapsing resources into coinciding
problems is something that companies must prevent. It's a waste of capital, and it will
nearly and clearly inhibit influential innovation because each and every division's
aims would be distinct.
A specialised innovation unit helps expedite the innovation process and ensure that
no work or research is duplicated.

Lack of Budget
It might be difficult to assess the impact of innovation because it is a continuous
process with long-term objectives. This can lead to a tense back-and-forth with
people in charge of the corporate budget, since funds may be reduced if innovation
takes longer to deliver. However, if funding for innovation is curtailed, it will be nearly
hard to deliver.

Don't go overboard with your resources; instead, consider it an investment. Once

one of those smaller projects starts to produce results, you can gradually scale up
until you have a robust innovation culture that can't be stopped.

Cultural Issues
Failures will certainly occur as a result of innovation, and for some firms, any
blunders are considered undesirable.
Risk and innovation are inextricably linked.
This failure stigma can suppress an organization's innovation undertakings, and in a
few trials, take them to a halt. As we know that an innovation can maintain a firm by
prohibiting it from becoming obsolete, this may prove to be a crucial crisis.
Optimizing our proof-of-concept approach is a wonderful method to decrease danger
aversion in an innovation initiative. While this will not totally remove risk, it will enable
your business to make more informed decisions with a higher chance of success.