Outline two methods for conducting cost-benefit analysis.

This unit forms part of the following qualification: BSB60420 Advanced Diploma of Leadership and Management BSB60520 Advanced Diploma of Marketing and Communication

ASSESSMENT 1

KNOWLEDGE

QUESTIONNAIRE

BSBSTR601 Manage innovation and continuous improvement

BSBSTR601 Assessment 2 – Laneway Education Pty Ltd ABN: 91 607 441 412, RTO No: 41504, CRICOS CODE: 035976 Last updated 19/02/2022

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Contents

Assessment Task 1: Knowledge Questionnaire 3

Task 1 – Knowledge Questionnaire 3

Assessment Task 1: Knowledge Questionnaire 

Information for students

Knowledge questions are designed to help you demonstrate the knowledge which you have acquired during the learning phase of this unit. Ensure that you:

· review the advice to students regarding answering knowledge questions in the Business Works Student User Guide

· comply with the due date for assessment which your assessor will provide

· answer all questions completely and correctly

· submit work which is original and, where necessary, properly referenced

· submit a completed cover sheet with your work

· avoid sharing your answers with other students.

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Assessment information

Information about how you should complete this assessment can be found in Appendix A of the Business Works Student User Guide. Refer to the appendix for information on:

· where this task should be completed

· the maximum time allowed for completing this assessment task

· whether or not this task is open-book.

Note: You must complete and submit an assessment cover sheet with your work. A template is provided in Appendix C of the Student User Guide.

Task 1 – Knowledge Questionnaire

Question 1.1 

Outline two methods for conducting cost-benefit analysis.

Question 1.2 

List three types of continuous improvement systems/processes that can be used in an organisation.

Question 1.3

Complete the following table regarding creativity and innovation theories and concepts.

List one creativity and one innovation theory

Summarise the theory, including key concepts

Question 1.4

List three principles that are relevant to organisation learning.

Question 1.5

Complete the following table regarding quality management and continuous improvement theories.

List one quality management and one continuous improvement theory

Summarise the theory, including key concepts

Question 1.6

List three concepts associated with risk management.

Question 1.7

Explain how to conduct a gap analysis of an organisational system.

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