Question.3342 - OverviewAs 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. PromptBased 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: 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-gateAgileLeanDiscover-iterate-pivotExplain your rationale for your recommendation.Describe the advantage of your chosen process over others.Explain how it can address the changing external environment.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?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.
Answer Below:
OverviewMaintaining xxxxxxxx expectations xxx technology xxxxxxxxxxxx in xxx fiercely xxxxxxxxxxx luxury xxxxxxxxx car xxxxxx is xxxxxxxx One xx the xxxx rivals xxxxxxxx produced x completely xxxxxxxxxx luxury xxxxxxx prototype xxxxxxxxxx that xxx model xxxx go xx sale xx the xxxx two xxxxx This xxxxxxxxxxx is x challenge xxx an xxxxxxxxxxx for xxx firm xxxxx it xxxxxxxxx a xxx disruption xx the xxxxxx niche xx a xxxxxx the xxxxxxx must xxxxxxxxx a xxxxxx innovation xxxxxxxxxx strategy xxxx not xxxx tackles xxx current xxxxxxxxx from xxxxxxxxxxx but xxxx establishes xx as x pioneer xx technology xxxxxxxxxx and xxxxxxxx satisfaction xxx innovation xxxxxxxxxx methodologies xxxxxxxxxx Agile xxxx and xxxxxxxxxxxxxxxxxxxxxx are xxxxxxxx in xxxx paper xxx paper xxxxxxx details xxx benefits xx the xxxxx process xxxx alternative xxxxxxxxxx emphasizing xxx the xxxxxxx can xxxxxxx cross-functional xxxx effectiveness xxx how xxx company xxx be xxxxxxx for xxxxxxxxxx in x market xxxx is xxxxxxxx quickly xx order xx guarantee xxxx cross-functional xxxxx operate xxx company xxxxxx the xxxxx framework xxxxxxxx advice xx offered xxxxxxxx on xxxxxxxxxx tools xxxxxxxx regular xxxxxxxxxxxxx and xxxxxxx defined xxxxxxxxxx The xxxxx also xxxxxxxx criteria xxx project xxxxxxxxxx methodologies xxx analyzing xxx implementing xxxxxxxxxxxxx based xx these xxxx and xxxxxxx for xxxxxxx team xxxxxxxxxxx at xxxx project xxxxx Lastly xxx research xxx development x D xxx finance xxxxxxxxxxxx major xxxxxxxxxxxxx possible xxxxxx are xxxxxxxxx in xxx study xxx company xxxxx to xxxxxxxx stakeholder xxxxxxxxxx and xxxxxxxxx a xxxxxx implementation xx the xxxxx process xxxxxxxxx the xxxxxxx anticipates xxx addresses xxxxx problems xxxx research xxxxxxxx to xxxxxxx the xxxxxxx with xxx tools xxx methods xxxxxxxx to xxxxxx the xxxxxxx presented xx the xxxxxxxxxxxx advancements xxxxxxxxxx securing xxx place xx an xxxxxxxxx in xxx luxury xxxxxxxxx vehicle xxxxxxxx through xxxx thorough xxxxxxxx and xxx of xxxxxxxxxxx Process xxxxxxxxxx This xxxxxx consists xx a xxxxxx of xxxxx that xxxxxx each xxxx At xxxxx gate xxxxxxx are xxxx regarding xxxxxx on xx the xxxxxxxxx phase xxxxx back xxx additional xxxx or xxxxxx the xxxxxxx Because xx is xxxxxxxxxx and xxxxxxxxxxx every xxxxx is xxxxxxxxx considered xxxxx Agile xx an xxxxxxxxx methodology xxxx prioritizes xxxxxxxxxxxx teamwork xxx client xxxxx Small xxxxxx of xxxx are xxxxxxxx and xxxxxxxxx evaluated xxx adjusted xx response xx immediate xxxxxxxx Lean xxxx a xxxxxxxxxxx that xxxxxxxxxx optimizing xxxxx through xxxxx reduction xxx process xxxxxxxxxxx is x beacon xx efficiency xx provide xxxxx quickly xx depends xx effective xxxxxxxxx and xxxxxxx improvement xxxxxxxxx the xxxxxxxx with xxx potential xxx process xxxxxxxxxxx Discover-iterate-pivot xxx emphasis xx this xxxxxxxxx is xx quick xxxxxxxx and xxxxxxxxxxxxxxx Teams xxxx fast xx create xxxxxxxxxx get xxxxx and xxxx adjustments xxxxx on xxxxx findings xx better xxxx market xxxxxxx Rationale xxxx the xxxxxxxxxxxx of xxx competitor's xxxxx autonomous xxxxxx vehicle xxx business xxxxxxxxxxx has xxxxxx more xxxxxxx than xxxx In xxxxxxxx the xxxxxxxxxxxx sees xxx Agile xxxxxxxx as xxx most xxxxxxxx for xxxxxxxx innovation xxxxxxx iterative xxxxxx allows xx to xxxxxxx adapt xx market xxxxxxx reassuring xx about xxxxxxxxxxx a xxxxxxxxxxx edge xxx focus xx user xxxxxxxx further xxxxxxxxxxx responsiveness xxx adaptability xx ensuring xxxx the xxxxxxxxxxx align xxxx market xxxxxxxxxxxx and xxx be xxxxxxxx modified xx reaction xx fresh xxxxxxxxxxx or xxxxxx in xxx competitive xxxxxxxxx RecommendationsSeveral xxxxxxx tactics xxxx to xx implemented xx guarantee xxx efficacy xx cross-functional xxxxx inside xxx Agile xxxxxxx First xxxx crucial xx clearly xxxxxx roles xxx objectives xxxx transparency xxxxxxxxxx responsibility xxx guarantees xxxx member xxxxx their xxxx in xxx team's xxxxxxxxxxxxxx Defined xxxxx also xxxxxx confusion xxx job xxxxxxx by xxxxxxx to xxxx the xxxxxxx focused xxx headed xxxxxxxxxx Another xxxxxxxxx component xx good xxxxxxxxxxxxxxxx teams xx frequent xxxxxxxxxxxxx The xxxxx approach xxxxxx heavily xx regular xxxxxxxx including xxxxxx planning xxxxxx reviews xxx daily xxxxxxxxx These xxxxxxxx promote xxxx communication xxxxxxxx team xxxxxxx to xxxxxxxx information xxxxxxx difficulties xxx work xxxxxxxx in xxxx time xx find xxxxxxxxx Giving xxxx members xxxxxxxxxx assistance xxx Agile xxxxxxxx is xxxxxxx to xxxxxx proficient xxxx Agile xxxxxxxxxxxx and xxxxxxxxx Agile xxxxxxxxxx and xxxxxxxx should xx included xx training xxxxxxxx to xxxxxxxxx that xxx team xxxxxxx are xxxxxxxxxxxxx about xxx methodology xxxxxxx coaching xxx support xxx in xxxxxxxxxxx this xxxxxxxxxxxxx and xxxxxxxxx any xxxxxxxxxxxxxxxxxxxxxx issues xx ensuring xxxx the xxxx can xxxxx Agile xxxxxxxxx successfully xxx efficiently xxxx training xxxxxxxxxxx will xxxxxxx the xxxxxxxxxxx of xxx project xx a xxxxx Using xxxxxxxxxx project xxxxxxxxxx and xxxxxxxxxxxxx solutions xx also xxxxxxx to xxxxxxx smooth xxxxxxxxxxxxx and xxxxxxxxxxx exchange xxxxx that xxxxxxxxxx work xxxxxxxxxx progress xxxxxxxx and xxxxxxx visibility xxxxxxx Jira xxxxxx and xxxxx Measuring xxxx SuccessMeasuring xxxx success xx every xxxxxxx step xx essential xx ensure xxxxxxx progress xxx meet xxxxxxx objectives xxx performance xxxxxxxxxx KPIs xxxxxxx measurable xxxxxxxxxx to xxxxxx the xxxxxx performance xxx important xxx is xxx sprint xxxxxxxxxx rate xxxxx expresses xxx proportion xx sprints xxxxxxxx on xxxxxxxx It xxxxxxxx the xxxxxxx capacity xx stick xx a xxxxxxxx and xxxx deadlines xxxxxxx crucial xxx is xxxxxxxx satisfaction xxx input xxxxxxxx from xxxxxxxx testing xxx evaluations xxxxx assessing xxx the xxxxxxx the xxxxxxx satisfies xxxxxxxx wants xxx expectations xxxxxx High xxxxxxxx satisfaction xxxxxxx show xxxx the xxxxxxx is xxxxxx in xxx right xxxxxxxxx and xxxx the xxxx is xxxxxxxxx value xxxxxxx crucial xxxxxx is xxxxxxx quality xxxxx is xxxxxxxxxx by xxx quantity xx flaws xx problems xxxxxxxxxx during xxxxxxx Higher xxxxxxx quality xxx efficient xxxxxxxxxxx techniques xxx indicated xx the xxxxxxxxx faults xxxxxxxxx and xxxxxxxxxxxx ChangesWith xxxxx evaluating xxxxxxx metrics xxx making xxxxxxxxxxx are xxxxxxx processes xxx team xxxxxx do xxxxxx retrospectives xx assess xxxxxxxxxxx after xxxx sprint xxx team xxxxxxxx what xxxxxx and xxxx didn't xx these xxxxxxxxxxxxxx and xxxxx practical xxxx to xxxxxxx The xxxx can xxxx the xxxxxxxx improvements xxx learn xxxx each xxxxxx thanks xx this xxxxxxxxxx technique xxxx performance xxx project xxxxxxx are xxxxxxxxxxxx improved xx putting xxxxxxxxxxx into xxxxxxxx in xxx upcoming xxxxxx The xxxx can xxxxxxxx efficiency xxx effectiveness xx iteratively xxxxxxxxx procedures xxx practices xxxxxxx When xxx Project xx DoneMeeting xxxxxxxxxxxxx completion xxxxxxxx is xxxxxxxxx to xxxxxxxxx when x project xx finished xxx product xxxx meet xxx project xxxxxxxxxxxx for xxx desired xxxxxxxxxxxxx and xxxxx Acceptance xxx pleasure xxxx customers xxx also xxxxxxxxx markers xx project xxxxxxxxxx The xxxxxxx should xxxxxxx or xxxxxxx the xxxxxxxxxx expectations xx evidenced xx their xxxxxxxx and xxxxxxxx Standards xxx product xxxxxxx must xxxx be xxxxxxxxx and xxxxx cannot xx any xxxx serious xxxxx or xxxxxxxx The xxxxxxx must xx stable xxxxxxxxxx and xxxxxxxx for xxxxxxx onto xxx market xxxxxxxxxx the xxxxxxx must xx prepared xxx long-term xxx and xxxx all xxxxxxxx maintenance xxx support xxxxxxxxxx Addressing xxxxxxxxxxx ConcernsThe xxxxxxxxx of xxx technologies xxx the xxxxxxx associated xxxx their xxxxxxxxxxx may xxxxx the x D xxxxxxxxxx It's xxxxxxxx to xxxxxx the xxxxx approach's xxxxxxxxx character xx allay xxxx worry xxxxx enables xxxxx testing xxx prototyping xxxxx aids xx promptly xxxxxxxxx and xxxxxxxx possible xxxxxxx The xxxx may xxx feedback xxx make xxx required xxxxxxx early xx the xxxxxxx by xxxxxxxx and xxxxxxx little xxxxxxxxxx of xxx product xxx risks xxx uncertainties xxxxxxx to xxx technologies xxxx strategy xxxxxxxxxx the xxxxxxxxx and xxxxxxxxxxx of xxx finished xxxxxxx Concerns xxxxxxxxx cost xxxxxxxx and xxxxxxxxxxxx a xxxxxx on xxxxxxxxxx ROI xxxxx be xxxxxxx in xxx Finance xxxxxxxxxx Agile xxxxxxxx are xxxxxx up xxxx tiny xxxxxx sprints xxx the xxxxx and xxxxxxxx are xxxxxxxxx assessed xxxx method xxxx in xxxx control xxx guarantees xxxx expenses xxxxx project xxxxxxxxxx The xxxx can xxxxxxx continued xxxxxxxxxxx and xxxx continual xxxxxxxx by xxxxxxxxx additional xxxxx Regular xxxxxxxxxxx guarantee xxxx the xxxxxxx stays xx track xxx aligned xxxx budgetary xxxxxxxxxx reducing xxx possibility xx cost xxxxxxxx and xxxxxxxxxx return xx investment xxxx Assure x D xxxx Agile's xxxxxxxx on xxxxxxx and xxxxxxxxx development xxxxxxx risks xx seeing xxxxxxxx early xxxxxxx to xxxxxxx how xxxxxxx incremental xxxxxxxx guarantees xxxx spending xx under xxxxxxx and xx line xxxx continuous xxx evaluations xxxxxxxxx financial xxxxxxxxxxxxxx and xxxxxxxx through xxx project xxxxxxxx In xxxxxxx implementing xxx Agile xxxxxx will xxxx the xxxxxxx stay xxxxxxxxxxx in x changing xxxxxx promote xxxxxxxxxxxxxxxx teamwork xxx effectively xxxxxx the xxxxxxxx of xxxxxxxxx stakeholdersMore Articles From Management
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