CMI Unit: 605 Innovation and Change
The CMI Unit 605: Innovation and Change focuses on equipping learners with a strong understanding of innovation and change within an organisational setting. The unit explores why change is necessary, how it can drive business success, and the leadership strategies required to facilitate it.
This unit is essential for professionals seeking to implement and manage change effectively. It enables learners to evaluate how leadership styles, decision-making, and strategic thinking influence the innovation process. By mastering these concepts, learners will be able to navigate the complexities of organisational change and contribute to sustainable business growth.
The significance of this unit lies in its ability to prepare learners to respond to challenges proactively, leverage opportunities, and drive a culture of continuous improvement. By developing a strategic mindset, learners can align innovation initiatives with organisational goals and industry trends.
Unit Objectives
The primary objectives of learning CMI Unit 605 Innovation and Change are:
- To develop a deep understanding of the necessity and impact of innovation and change in organisations.
- To critically assess leadership and management approaches for fostering an innovative culture.
- To evaluate different models and frameworks of change management.
- To provide learners with the strategic tools to drive successful change and innovation initiatives.
Learning Outcomes
LO1: Understand innovation and change within an organisational context.
This outcome focuses on exploring why change is essential for organisational success. Learners will investigate the key drivers of innovation and change, such as market trends, technological advancements, and competitive pressures. Additionally, learners will analyse leadership approaches and behavioural strategies that enable change, critically assessing traditional and modern change management methodologies.
LO2: Know how to drive innovation and change.
Learners will develop the ability to identify opportunities for innovation and change, assess their feasibility, and create actionable implementation strategies. This outcome also covers evaluating the effectiveness of innovation initiatives and ensuring continuous improvement through structured review processes. By mastering these skills, learners will be well-equipped to lead change initiatives that create long-term value for their organisations.
Assessment Criteria
LO1: Understand innovation and change within an organisational context.
- 1.1 Explore the rationale for innovation and change within an organisational context.
- 1.2 Investigate the leadership and management approaches, behaviours and values required to drive innovation and change.
- 1.3 Critically appraise approaches to change with reference to traditional and contemporary thinking.
- 1.4 Critically appraise approaches to innovation with reference to theoretical concepts.
LO2: Know how to drive innovation and change.
- 2.1 Research and evaluate an opportunity for innovation and change.
- 2.2 Formulate an implementation strategy and plan to manage the innovation and change process.
- 2.3 Recommend approaches to review the impact of innovation and change.
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