Reference no: EM133868895
Homework
Instructions
Choose a company and one of it's Product. Apply a Technology Evolution Model(s) to Assess the Technology product. Apply the Synergic Innovation Model to Determine Your Firm's Core Competency. Use the outputs to describe how to proceed deploying the New Technology.
When applying the Technology Evolution Model discuss:
I. What are the current innovation levels and activities?
II. What ongoing product changes are being made?
III. Is there brand loyally yet from the customers?
IV. Is there a beginning to standardize market penetration processes?
V. Are R&D budget full funded or declining?
VI. Other factors related to the phase the product is in.
When assessing the firm's core competency, discuss the following:
I. The firm's market development capability
II. The firm's technology development capability
III. The firm's management development capability
IV. The firm's strategy and financing capability of bringing all the other functions together to a coherent and effective market strategy for the product
V. How would you proceed with the deploying the product in the market base on what you assessed with the Technology Evolution Model and the Synergic Innovation Model.