Explain the 5 steps that can help to obtain the big picture

Reference no: EM133472378

Topic: Students are required to refer to chapter 7 ‘Choosing Innovation Projects' of their textbook with a particular attention to the discussion ‘Where should we focus our innovation efforts? An exercise.' (Pg 141)Clear understanding of the chapter along with in continuous critical analyzation of each topic and discussion is highly recommended.
Based on the knowledge and information gathered by referring to the textbook and the students own thorough research; they are required to answer the below mentioned questions as per the instructions.

Question 1-Based on your textbook, explain the 5 steps that can help to obtain the ‘big picture' of technology evolution in an area and to prioritize innovation investments. Give at least one example to support your answer.

Question 2- Judging by the current trends of the technological innovations in the market, select a company of your choice which has repeatedly weighted the ‘importance to customer' as its primary objective while choosing their innovation projects. Explain atleast two instances in depth supporting your answer.

Question 3- Judging by the current trends of the technological innovations in the market, select a company of your choice which has repeatedly weighted the ‘ease of development' as its primary objective while choosing their innovation projects. Explain at least two instances in depth supporting your answer.

Question 4- Write about minimum two companies or industries that are currently investing in technology dimensions where the utility payoff of improving the technology has flattened.

Question 5- Create your own matrix to assess which technological development investments are likely to yield the biggest bang for the buck in case of ‘biometric security devices'. Explain your findings.

Reference no: EM133472378

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