{"id":17968,"date":"2023-04-30T03:46:31","date_gmt":"2023-04-30T03:46:31","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/innovate-and-integrate-new-technologies-within-their-product-lines-and-services\/"},"modified":"2023-04-30T03:46:31","modified_gmt":"2023-04-30T03:46:31","slug":"innovate-and-integrate-new-technologies-within-their-product-lines-and-services","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/innovate-and-integrate-new-technologies-within-their-product-lines-and-services\/","title":{"rendered":"innovate and integrate new technologies within their product lines and services."},"content":{"rendered":"<h2 style=\"cursor: auto;\">Prompt<\/h2>\n<p style=\"font-size: 18px; cursor: auto; color: inherit;\">Create a PowerPoint presentation to make a recommendation for how the company should pursue the IoT technology to remain competitive: either by discontinuous or incremental innovation. To make your recommendation, you will need to identify how the evolving IoT (sensor) technology fits into the company\u2019s products and services and determine potential risks and benefits. You will also need to look at your competitors to see what they are doing. Finally, you need to analyze the company\u2019s capability (resources) for pursuing the innovation. Use the information and data from the<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">CTO Brief<\/a>,<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">Comparative Growth Data<\/a>,<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">Comparative Operating Statistics<\/a>, and<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">Comparative Product Plans<\/a><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>to complete this milestone.<\/p>\n<p style=\"font-size: 18px; cursor: auto; color: inherit;\"><\/p>\n<ol style=\"font-size: 18px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Explain potential<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><strong style=\"cursor: auto; color: inherit;\">risks and benefits<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>for options A and B.<\/li>\n<\/ol>\n<ul style=\"font-size: 18px; cursor: auto; color: inherit;\">\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"cursor: auto; color: inherit;\">Overview<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/strong>(1 slide): Present the business problem and options A and B.<\/li>\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"cursor: auto; color: inherit;\">Option A<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>(1\u20132 slides)<strong style=\"cursor: auto; color: inherit;\">:<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/strong>Explain at least two potential risks and benefits for option A.<\/li>\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"cursor: auto; color: inherit;\">Option B<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>(1\u20132 slides)<strong style=\"cursor: auto; color: inherit;\">:<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>Explain at least two potential risks and benefits for option B.&nbsp;<\/li>\n<li style=\"cursor: auto; color: inherit;\"><\/li>\n<\/ul>\n<\/ul>\n<p><span style=\"background-color: transparent; color: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-size: 18px;\">2:Compare your competition\u2019s products and services.<\/span><br \/><strong style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">Competitors<\/strong><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">&nbsp;<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">(3\u20134 slides): Evaluate the competitors\u2019 current products and services.<\/span><br \/><span style=\"background-color: transparent; color: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-size: 18px;\">What are your competitors&#8217; current products and services?<\/span><br \/><span style=\"background-color: transparent; color: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-size: 18px;\">Are your competitors expanding in the current market? Explain how this impacts their market strength.<\/span><\/p>\n<div><span style=\"background-color: transparent; color: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-size: 18px;\"><br \/><\/span><\/div>\n<div><span style=\"background-color: transparent; color: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-size: 18px;\">3.&nbsp;<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">Analyze your<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">&nbsp;<\/span><strong style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">company\u2019s capability<\/strong><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">&nbsp;<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">to pursue the innovation.<\/span><\/div>\n<ul style=\"font-size: 18px; cursor: auto; color: inherit;\">\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"cursor: auto; color: inherit;\">Complete a partial gap analysis<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>(2 slides):<\/li>\n<\/ul>\n<\/ul>\n<ul style=\"font-size: 18px; cursor: auto; color: inherit;\">\n<ul style=\"cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Does your company own the technology, or does it need to be purchased?<\/li>\n<li style=\"cursor: auto; color: inherit;\">How is the technology currently being used in today\u2019s products and services?<\/li>\n<li style=\"cursor: auto; color: inherit;\">What type of technology is available to purchase<\/li>\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"color: inherit; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\"><br \/><\/strong><\/li>\n<li style=\"cursor: auto; color: inherit;\"><strong style=\"color: inherit; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\"><br \/><\/strong><\/li>\n<\/ul>\n<\/ul>\n<p><strong style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">4. Recommend<\/strong><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">&nbsp;<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">the innovation approach your company should pursue.<\/span><\/p>\n<div><strong style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">Innovation approach<\/strong><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">&nbsp;<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">(2 slides)<\/span><strong style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">:<\/strong><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit; cursor: auto;\">&nbsp;<\/span><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">Explain which innovation approach you are recommending and why.<\/span><br \/><span style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">Consider the different stakeholders\u2014research and development (R&amp;D), marketing, finance\u2014when communicating your recommendations.<\/span><\/p>\n<li style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\"><span style=\"color: inherit; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">Include a description of the incremental or discontinuous product that you are recommending for R&amp;D.<\/span><\/li>\n<li style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\"><span style=\"color: inherit; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">Include the sales forecasts for marketing.<\/span><\/li>\n<li style=\"color: inherit; font-size: 18px; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\"><span style=\"color: inherit; background-color: transparent; font-variant-ligatures: inherit; font-variant-caps: inherit;\">Include a financial snapshot for finance.&nbsp;<\/span><\/li>\n<h2 style=\"cursor: auto;\">Guidelines for Submission<\/h2>\n<p style=\"font-size: 18px; cursor: auto; color: inherit;\">Submit a 10- to 13-slide PowerPoint presentation with detailed speaker notes that highlight the important points you want to emphasize to senior management. If you include references, they should be cited according to APA style. Consult the<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"cursor: auto;\">Shapiro Library APA Style Guide<\/a><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>for more information on citations<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prompt Create a PowerPoint presentation to make a recommendation for how the company should pursue the IoT technology to remain competitive: either by discontinuous or incremental innovation. To make your recommendation, you will need to identify how the evolving IoT (sensor) technology fits into the company\u2019s products and services and determine potential risks and benefits. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[706],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/17968"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=17968"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/17968\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=17968"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=17968"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=17968"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=17968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}