Using the recommendation that you provided in innovation powerpoint ATTACHED BELOW, you will develop a strategy to implement the innovation and get ahead in the marketplace.<\/p>\n
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You work as a middle manager for one of the top U.S. producers of luxury and mass-market automobiles and trucks. You are now leading a cross-functional team to move forward with the company initiative. To remain a viable competitor and meet the demands of consumers\u2019 desire for technology, the company\u2019s chief technology officer (CTO) has decided to implement the internet of things (IoT) into its product line.<\/p>\n
In Milestone One, you and your cross-functional team looked at risks and benefits of each innovation option, competitors in the market, and the company\u2019s internal capability for moving forward with the innovation. After doing this analysis, you presented your recommendation to various stakeholders about how to proceed. You chose one of the following:<\/p>\n
A. Design a completely new product line, based on the recent technology (discontinuous innovation)<\/span><\/p>\n or<\/p>\n B. Add recent technology features into one model and then incrementally into the broader product line (incremental innovation)<\/span><\/p>\n The CTO has accepted your recommendation. Now you are ready to develop a strategy for taking the innovation to market. In order to develop a strategy, you will need to look at your competitors\u2019 relative strengths in the current marketplace, to understand how the company compares to your competitors, and to identify the total market and the market\u2019s annual growth rate. Finally, you also need to share your thoughts on how to respond to changes in business conditions. Although no one can predict what is going to happen, it is important to think about how flexible your plan is in order to meet unexpected conditions.<\/p>\n <\/p>\n Using the recommendation you provided in Milestone One, develop a strategic plan to implement the innovation and gain competitive advantage. <\/p>\n <\/p>\n Use the <\/span>Sales Forecast<\/a>, <\/span>Comparative Growth Data<\/a> <\/span>and <\/span>Comparative Operating Statistics<\/a><\/i><\/b> <\/span>to complete this assignment. (attached in the attachments)<\/b><\/p>\n Strategic Plan<\/strong><\/p>\n \n Strategic Plan<\/font><\/strong><\/p>\n Submit a Word document of 5 pages, devoting 1 page to each critical element described above. Include a graphic using competitors\u2019 relative strengths (p. 1). <\/font><\/p>\n [THIS GRAPHIC IS ATTACHED IN THE ATTACHMENTS – ITS TWO PIE CHARTS – PLEASE INCLUDE THEM AND ELABORATE ON THEM]<\/font><\/p>\n Place the graphic at the top of the page with bullets underneath.<\/font><\/p>\n INCLUDE APA 7 STYLE IN TEXT CITATIONS AND REFERENCES<\/font><\/p>\n Overview Using the recommendation that you provided in innovation powerpoint ATTACHED BELOW, you will develop a strategy to implement the innovation and get ahead in the marketplace. Scenario You work as a middle manager for one of the top U.S. producers of luxury and mass-market automobiles and trucks. You are now leading a cross-functional team […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[1112],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/19796"}],"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=19796"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/19796\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=19796"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=19796"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=19796"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=19796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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