Innovation Management Plan In this assessment you will develop an innovation management plan on a specific organisation, and you will also create an elevator pitch around it. Instructions: 1. Choose an organization (this must be a different organisation from the one you researched in your group assignment) 2. Research the hot topics about innovation related to this organisation 3. Then develop an innovation management action plan based on the criteria below. Important Written Report: Innovation Plan (35% total grade for subject) Word : 2000 words Your plan must include the following components • Cover page • Executive summary • Table of contents • Introduction o Discuss 3 hot topics about innovation related to your organisation (10 marks) o Develop an idea for an innovative product or service based on the goals and portfolio management for the organisation (10 marks) o Discuss how your innovation will be streamlined with the organisations current capabilities (10 marks) • Body of report o Design thinking about your innovation- include a diagram depicting the innovation (10 marks) o User involvement (10 marks) o Fast integration- time, costs, resources (10 marks) o Prototyping and testing capabilities (10 marks) o Cross functional management (10 marks) • Conclusion (10 marks) o Discuss future innovations that might affect your innovative idea • References (10 marks) o At least 10 needed with the majority being from 2014 o Academy of Management Style format o Must include a range of references- books, articles, websites • Appendix