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Overview
As a middle manager, you have already recommended an innovation option
(incremental or discontinuous) to the organization from the course scenario.
However, one of the organization’s key luxury-market competitors in
passenger vehicles recently launched a prototype of a fully autonomous
luxury sedan. It has announced that it plans to bring the model to market
within the next two years. The organization wants to prepare for the
challenge.
You have been tasked with creating a report recommending the most
suitable process for managing innovation in a changing external
environment (for example, a key competitor coming up with a new product).
You will also recommend how cross-functional teams can work effectively
within the process. Lastly, you will address the concerns of the key
stakeholders about introducing innovation management processes in a
changing environment.
Prompt
Based on this scenario, create a process recommendation report. Remember
to tailor the information for the target audience, your stakeholders. Your
report should include the following points:
1. Identify themostsuitableprocessformanaginginnovationina
changingexternalenvironment. You must consider the following
processes and briefly describe all four processes before you offer
your recommendation:
Stage-gate
Agile
Lean
Discover-iterate-pivot
2. Explain your rationaleforyourrecommendation.
Describe the advantage of your chosen process over others.
Explain how it can address the changing external environment.
3. Explain recommendations for ensuringcross-functionalteam
effectivenessinthechosenprocess.
How would you measure team success at each stage of a
project?
How would you review and implement changes coming out of
success measurements?
How do you know when you are done with the project?
4. Describe your plan for addressing the concernsofyourkey
stakeholders.Select two of the following departments whose
directors will be your audience: research and development (R&D),
finance, human resources (HR), or marketing.
Identify key stakeholders who will use the report in your
organization.
List at least two concerns they may have about processes for
managing innovation.
Explain your response to their concerns.
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