Innovation approach | Management homework help

Innovation Approach

In this section, share your revised slides from Milestone One and make your recommendation for the innovation approach you think the company should pursue. Ensure this section includes the following information:

Explain potential risks and benefits for options A and B.
- Overview (1 slide): Present the business problem and options A and B.
- Option A (1–2 slides): Explain at least two potential risks and benefits for option A.
- Option B (1–2 slides): Explain at least two potential risks and benefits for option B.
Compare your competition’s products and services.
- Competitors: (3–4 slides): Evaluate the competitors’ current products and services.
  - What are your competitors’ current products and services?
  - Are your competitors expanding in the current market? Explain how this impacts their market strength.
Analyze your company’s capability to pursue the innovation.
- Complete a partial gap analysis (2 slides):
  - Does the company own the technology, or does it need to be purchased?
  - How is the technology currently being used in today’s products and services?
  - What type of technology is available to purchase?
Recommend the innovation approach your company should pursue.
- Innovation Approach (2 slides): Explain which innovation approach you are recommending and why.
- Consider the different stakeholders (research and development [R&D], marketing, finance) while communicating your recommendations.
  - Include a description of the incremental or discontinuous product that you are recommending for R&D.
  - Include the sales forecasts for marketing.
  - Include a financial snapshot for finance.

Submit a 10- to 13-slide PowerPoint presentation with detailed speaker notes that highlight the important points you want to emphasize to senior management on your recommendation for an innovation approach. Use the feedback you received on Milestone One to revise your original presentation. If you include references, they should be cited according to APA style. Consult the Shapiro Library APA Style Guide for more information on citations.

Continue to order Manage Your Orders

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Innovation approach | Management homework help