For the assessment when selecting the two Companies, the professor instructed that one company should be local and the other should have its headquarters in another country

The two companies I have decided to assess are, Scotia Bank (HQ in Canada but has a branch in Guyana) and Guyana Bank for trade and Industry(Local Company).

Assessment Brief

 Report Task

You are required to undertake research on two innovative organisations in the same sector who have headquarters in different countries. You will write a 4,000 word report on the management of innovation in those organisations that must include the following sections:

  1. An introduction to the two organisations and some of their main innovative end results.
  2. Map and critique the innovation space of the two organisations setting out existing practice (i.e. outputs/outcomes).
  3. Critically discuss the innovation strategy and management process employed in the organisations using Tidd and Bessant’s 4 step model (search, select, implement and capture).
  4. Identify recommendations to improve the innovation management of the two organisations.
  5. Provide a short conclusion to your innovation report assignment.

Additional requirements for the assessment:

Some tools the professor said to consider in the assessment are:

  1. Competency mapping
  2. competitive profiling
  3. Porter’s Five Forces
  4. PESTLE Analysis
  5. SWOT analysis

Also who is the leader of the business? Doug Mclelland Need’s Theory ( Power, affirmation, Achievement)

Key Points

  1. Individual Work

You are to work individually.

  1. Research approach

You should find the required information on the organization via secondary/desk (i.e. web, journal articles) research. Where needed you can use primary research to fill in any knowledge you are missing from secondary sources. You must clearly provide evidence to support the critical discussion in your report. English language sources are preferable, non-English sources are acceptable as long as a translation of the reference is provided.

3.Writing the Report

Write up your work in a report format.  Your report should explicitly include all the items listed in the marking schedule below.  It should be a maximum of 4,000 words in length. The word count excludes the following: references, appendices, table of content. Please include the word count on the title page.

3.1 Report format 

Front cover includes: module title and number, matriculation number, word count, report title

Layout: 1.5 spacing, font arial, font size 12, pages are numbered.

Additional Guidance 

  • This component is an academic assignment and should be written in an appropriate style (e.g. using 3rd person)
  • You are required to present using a clear coherent structure.
  • You are required to use the APA referencing style (6th edition) throughout and can find guidance on this via the library
  •  a word count should be provided on the front cover of your report.

Marking Guide – Managing Innovation