Innovation and Improvement of Existing Product assignment one will be progressed for assignment 2 3 and 4 .i have uploaded 2nd assignment too so that u may know what is further demanded from assignment one. It should be based upon engineering field especially on mechanical.
Assignment 1 – Innovative Concept
Due:
Monday 18 March 2019
(week 3)
11.59pm (AEST)
Via CloudDeakin
Pre-submission Checklist
? Completion of theTask
? Submission report length (1000 +20%/-10%)
? ONE.PDF fileonly
? Via CloudDeakin
2
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
-
Innovation and Improvement of Existing Product Introduction
This individual assignment is based on the task (as given in section 4) which students need to complete as per the requirements given in the following sections. Please read all instructions and requirements carefully.
- Learning Outcomes
This assignment has been devised to allow students to demonstrate progress towards achieving the following Unit Learning Outcomes and Deakin Graduate Learning Outcomes:
At the completion of this task, students will be able to demonstrate: Deakin Graduate Learning
Innovation and Improvement of Existing Product Outcomes
ULO1 Understand the process of developing emerging innovations, its management and the impact it has on technological and social sustainability. GLO1, GLO6
ULO4 Have the ability to apply common philosophies, principles, processes, and methods involved with innovation development and management. GLO2, GLO3, GLO4
This assignment will also help students demonstrate learning achievements towards many other unit learning outcomes. Students are encouraged to review all other learning outcomes to discover additional learning opportunities which will increase the quality of their submission and final results.
- Weighting
The assessment task represents 25% of the Unit’s grade.
- Task Requirement
Throughout the history, innovation has been playing a significant role in the development of great new products and a better standard of living. These products have ranged from the development of complex computers to more simple products such as post it by 3M.
Your task is to do come up with an innovative concept to explore the possible solution to the existing problem of your choice. Submit the details of the problem and an innovative concept. You can include a critical and brief review of the problem from variety of resources. You must use at least six appropriate references from different types of resources such as books, scholarly articles, reports, and internet etc.
Your response to this task should include:
? Problem statement & concept description
? Concept analysis
? Skills and team required to materialize the concept
3
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- Submission Requirements
Students have to upload their Assignment Submission on Cloud Deakin under the Assignment
1 Dropbox link by Monday 18 March 2019 (week 3) 11.59pm (AEST)
Report – Each student must submit a good quality research paper
of the above task of the length 1000 words (+20%/ -10%).
File: Your file should be ONE .pdf.
This assignment is to be undertaken individually by students.
- A written document is to be prepared using an appropriate style and to include a list of references. Refer to Deakin’s Guide to Assignment Writing and Referencing, available online from Student Life, for assistance on appropriate report styles and referencing.
- Read the Assessment Criteria guidelines section 7 for guidance on how this assignment will be marked.
- The word limit is 1000 words (+20%/- 10%) – not including the References section.
O Word count includes the first word of the first section heading to the last word of the
Last section in your report (but it does not include the References section).
- The submitted file format must be PDF only.
- Don’t waste time with fancy layouts, colors, cover pages, and so on. A simple text-based
the format is all that is needed with the report layout consisting of a few sections of text (with
section headings). Use photos or diagrams sparingly and only if necessary and/or relevant to
include in your report. Just use a basic and common text font such as Arial or Times New
Roman with at least 10 point font size for body text. Single-spaced paragraphs are acceptable.
- There must be a Reference Section (Bibliography) in your submission. Marks will be deducted
if it is omitted, not suitably formatted, or lacking more than at least six relevant citations. Use
a suitable and consistent referencing style such as theHarvard or IEEE orsimilar.
- Don’t be tempted to plagiarise. If you unsure what constitutes plagiarism, cheating, or
collusion then refer to the Academic Honesty information provided for all units on DSO in the
Unit Guide and Information folder.
- Online and in-person resources and materials are available from Student Life for all students
to assist with assignment writing and referencing skills. Student Life also provides online and
in-person resources to assist with understanding plagiarism and how to avoid producing it in
your academicwork.
4
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- Suggested Template
Introduction (100 words)
Section 1 – Concept Description (300 Words)
- Title of Concept
- The Idea in a nut shell
- Value proposition offered by this Concept
- Literature review, prior arts, existing patents and Background of concept
Section 2 – Concept analysis (250 words)
- Competitive advantage
- How competitive advantage will be sustained
- Assumptions in formulating the idea
- Weakness/risk of current plan and how they will be addressed
Section 3 – Skills & Team required (250 words)
- Skills needed
- Team required to meet the skills/experience that is needed
Conclusion (100 words)
Innovation and Improvement of Existing Product References
Assignment 1 – Innovative Concept
Due:
Monday 18 March 2019
(week 3)
11.59pm (AEST)
Via CloudDeakin
Pre-submission Checklist
? Completion of theTask
? Submission report length (1000 +20%/-10%)
? ONE .PDF fileonly
? Via CloudDeakin
2
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- Introduction
This individual assignment is based on the task (as given in section 4) which students need to
complete as per the requirements given in the following sections. Please read all instructions
and requirements carefully.
- LearningOutcomes
This assignment has been devised to allow students to demonstrate progress towards achieving
the following Unit Learning Outcomes and Deakin Graduate Learning Outcomes:
At the completion of this task, students will be able to demonstrate: Deakin Graduate Learning
Outcomes
ULO1 Understand the process of developing emerging innovations, its management
and the impact it has on technological and social sustainability. GLO1, GLO6
ULO4 Have the ability to apply common philosophies, principles, processes, and
methods involved with innovation development and management. GLO2, GLO3, GLO4
This assignment will also help students demonstrate learning achievements towards many
other unit learning outcomes. Students are encouraged to review all other learning outcomes to
discover additional learning opportunities which will increase the quality of their submission and
final results.
- Weighting
The assessment task represents 25% of the Unit’s grade.
- task requirements
Throughout the history, innovation has been playing significant role in the development of great new
products and a better standard of living. These products have ranged from the development of
complex computers to more simple products such post it by 3M.
Your task is to do come up with an innovative concept to explore the possible solution to the
existing problem of your choice. Submit the details of the problem and innovative concept. You
can include a critical and brief review of the problem from variety of resources. You must use at
least six appropriate references from different types of resources such as books, scholarly articles,
reports and internet etc.
Your response to this task should include:
? Problem statement & concept description
? Concept analysis
? Skills and team required to materialize the concep
3
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
-
Innovation and Improvement of Existing Product submission requirements
Students have to upload their Assignment Submission on Cloud Deakin under the Assignment
1 Dropbox link by Monday 18 March 2019 (week 3) 11.59pm (AEST)
Report – Each student must submit a good quality research paper
of the above task of the length 1000 words (+20%/ -10%).
File: Your file should be ONE .pdf.
This assignment is to be undertaken individually by students.
- A written document is to be prepared using an appropriate style and to include a list of
references. Refer to Deakin’s Guide to Assignment Writing and Referencing, available online
from Student Life, for assistance on appropriate reportstyles and referencing.
- Read the Assessment Criteria guidelines section 7 for guidance on how this assignment will be
marked.
- The word limit is 1000 words (+20%/- 10%) – not including the References section.
O Word countincludesthe first word of the firstsection heading to the last word of the
lastsection in yourreport (butit does notincluding the References section).
- The submitted file format must be PDF only.
- Don’t waste time with fancy layouts, colours, cover pages, and so on. A simple text-based
format is all that is needed with the report layout consisting of a few sections of text (with
section headings). Use photos or diagrams sparingly and only if necessary and/or relevant to
include in your report. Just use a basic and common text font such as Arial or Times New
Roman with atleast 10 pointfontsize for body text. Single-spaced paragraphs are acceptable.
- There must be a Reference Section (Bibliography) in your submission. Marks will be deducted
if it is omitted, not suitably formatted, or lacking more than at least six relevant citations. Use
a suitable and consistent referencing style such as theHarvard or IEEE orsimilar.
- Don’t be tempted to plagiarise. If you unsure what constitutes plagiarism, cheating, or
collusion then refer to the Academic Honesty information provided for all units on DSO in the
Unit Guide and Information folder.
- Online and in-person resources and materials are available from Student Life for all students
to assist with assignment writing and referencing skills. Student Life also provides online and
in-person resources to assist with understanding plagiarism and how to avoid producing it in
your academicwork.
4
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- Suggested Template
Introduction (100 words)
Section 1 – Concept Description (300 Words)
- Title of Concept
- The Idea in a nut shell
- Value proposition offered by this Concept
- Literature review, prior arts, existing patents and Background of concept
Section 2 – Concept analysis (250 words)
- Competitive advantage
- How competitive advantage will be sustained
- Assumptions in formulating the idea
- Weakness/risk of current plan and how they will be addressed
Section 3 – Skills & Team required (250 words)
- Skills needed
- Team required to meet the skills/experience that is needed
Conclusion (100 words)
References
Assignment 2 – SEB711 Market(ing), Financials & Grants
Assignment 2 is due date – Refer to Unit Guide.
Suggested Template (this is just a guideline. You can plan your assignment the way you want. Make sure that you are sticking to the word limit and covering all the required sections)
Cover Sheet – Title of work, student name, ID, engineering field, year and subject name
Section 1 & 2
(100-150 words max)
Brief background and introduction to your product/innovation please include image/figure or sketch of your product if you feel it is necessary to describe the innovation
Most of this information is already with you (This information is there in A1 so need not to be very descriptive, be short and to the point)
Section 3 &4 – Market and customers, Market Size and Trend
(250-300 words + figures & tables)
Specify total market potential and customers, show the market trend and extrapolate the future market
Section 5 Target Market & Customer
(200 words + Tables & figures)
Describe the geographical region to start the business, justify your selection with statistics and data. Expansion potential & strategies. Is this market expanding/growing?
Section 5/6 /7 Competitive Analysis and Estimated Market share
(250 words+ figures & tables)
Describe the competitive environment. Who else is in the market place and what are their strengths and weaknesses compared to yours? Include at least 2 analysis (SWOT, PEST, 5 force Analysis) Describe your distribution strategy.
Section 8 Finance forecast (Profit & Loss)
(50-100 words + figures & tables)
What are your estimated sales volumes, profit margins, overhead expenses etc
Section 9 & 10 Finance Forecast (Cash Flow)
Identify capital and other expenditure items required to implement the idea and estimate the timing/milestones. (Table only)
External funding – Grants/sponsorship etc. Duration of funding (Table or 50-75 words)
Section 10 Finance Forecast (Break even Analysis)
Break even graph + explanation (50 words)
Section 11 Conclusions (50-75 words only)
You can put all the data as an appendix.
Assignment 1 – Innovative Concept
Due:
Monday 18 March 2019
(week 3)
11.59pm (AEST)
Via CloudDeakin
Pre-submission Checklist
? Completion of theTask
? Submission report length (1000 +20%/-10%)
? ONE .PDF fileonly
? Via CloudDeakin
2
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- Introduction
This individual assignment is based on the task (as given in section 4) which students need to
complete as per the requirements given in the following sections. Please read all instructions
and requirements carefully.
- LearningOutcomes
This assignment has been devised to allow students to demonstrate progress towards achieving
the following Unit Learning Outcomes and Deakin Graduate Learning Outcomes:
At the completion of this task, students will be able to demonstrate: Deakin Graduate Learning
Outcomes
ULO1 Understand the process of developing emerging innovations, its management
and the impact it has on technological and social sustainability. GLO1, GLO6
ULO4 Have the ability to apply common philosophies, principles, processes, and
methods involved with innovation development and management. GLO2, GLO3, GLO4
This assignment will also help students demonstrate learning achievements towards many
other unit learning outcomes. Students are encouraged to review all other learning outcomes to
discover additional learning opportunities which will increase the quality of their submission and
final results.
- Weighting
The assessment task represents 25% of the Unit’s grade.
- TaskRequirement
Throughout the history innovation has been playing significant role in development of great new
products and a better standard of living. These products have ranged from the development of
complex computers to more simple products such post it by 3M.
Your task is to do come up with an innovative concept to explore the possible solution to the
existing problem of your choice. Submit the details of the problem and innovative concept. You
can include a critical and brief reviews of the problem from variety of resources. You must use at
least six appropriate references from different types of resources such as books, scholarly articles,
reports and internet etc.
Your response to this task should include:
? Problem statement & concept description
? Concept analysis
? Skills and team required to materialize the concep
3
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- SubmissionRequirements
Students have to upload their Assignment Submission on Cloud Deakin under the Assignment
1 Dropbox link by Monday 18 March 2019 (week 3) 11.59pm (AEST)
Report – Each student must submit a good quality research paper
of the above task of the length 1000 words (+20%/ -10%).
File: Your file should be ONE .pdf.
This assignment is to be undertaken individually by students.
- A written document is to be prepared using an appropriate style and to include a list of
references. Refer to Deakin’s Guide to Assignment Writing and Referencing, available online
from Student Life, for assistance on appropriate reportstyles and referencing.
- Read the Assessment Criteria guidelines section 7 for guidance on how this assignment will be
marked.
- The word limit is 1000 words (+20%/- 10%) – not including the References section.
O Word countincludesthe first word of the firstsection heading to the last word of the
lastsection in yourreport (butit does notincluding the References section).
- The submitted file format must be PDF only.
- Don’t waste time with fancy layouts, colours, cover pages, and so on. A simple text-based
format is all that is needed with the report layout consisting of a few sections of text (with
section headings). Use photos or diagrams sparingly and only if necessary and/or relevant to
include in your report. Just use a basic and common text font such as Arial or Times New
Roman with atleast 10 pointfontsize for body text. Single-spaced paragraphs are acceptable.
- There must be a Reference Section (Bibliography) in your submission. Marks will be deducted
if it is omitted, not suitably formatted, or lacking more than at least six relevant citations. Use
a suitable and consistent referencing style such as theHarvard or IEEE orsimilar.
- Don’t be tempted to plagiarise. If you unsure what constitutes plagiarism, cheating, or
collusion then refer to the Academic Honesty information provided for all units on DSO in the
Unit Guide and Information folder.
- Online and in-person resources and materials are available from Student Life for all students
to assist with assignment writing and referencing skills. Student Life also provides online and
in-person resources to assist with understanding plagiarism and how to avoid producing it in
your academicwork.
4
SCHOOL OF ENGINEERING SEB 711 MANAGING AND DEVELOPING INNOVATION
- Suggested Template
Introduction (100 words)
Section 1 – Concept Description (300 Words)
- Title of Concept
- The Idea in a nut shell
- Value proposition offered by this Concept
- Literature review, prior arts, existing patents and Background of concept
Section 2 – Concept analysis (250 words)
- Competitive advantage
- How competitive advantage will be sustained
- Assumptions in formulating the idea
- Weakness/risk of current plan and how they will be addressed
Section 3 – Skills & Team required (250 words)
- Skills needed
- Team required to meet the skills/experience that is needed
Conclusion (100 words)
References
