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Instructions:
technology enhancements for access to data acquired by digital sensors
Competencies
In this project, you will demonstrate your mastery of the following competency:
Evaluate creative and innovative organizational structures
Recommend alternative innovations to solve an internal or market need
Implement creative and innovative processes within an organization
Scenario
You work as a middle manager for one of the top U.S. producers of luxury and mass-market automobiles and trucks.
The chief technology officer (CTO) of the company from the course scenario has been watching new technology developments that the company could integrate into its vehicles to enhance the usefulness of and access to the data acquired by the many digital sensors that have been integrated into vehicle subsystems over the past 2030 years. The technology trend of particular interest is the internet of things (IoT)the interconnection of embedded devices, such as sensors and
computers, over the internet. By taking advantage of this trend, the CTO believes the company can seize an opportunity to provide better service and predictive maintenance to its customers, improving customer satisfaction and adding additional revenue streams.
Based on briefings by the CTO, senior management has decided to implement IoT in its product line. Your CTO has asked you to lead a cross-functional team to take this initiative forward. Your first task is to make a recommendation for how the company should approach this business problem. Do you recommend using incremental or discontinuous (that is, slow or fast) innovation? Specifically:
Should the company…
A. Design a completely new product line, based on the new technology (discontinuous innovation)
or
B. Add new technology features into one model and then incrementally into the broader product line (incremental innovation)
The recommendation you and your team make is an important first step in pursuing this new technology.
In Milestone One, you and your team defined what that innovation looked like: would it be disruptive (new product line) or incremental (new features in one existing product)?
In Milestone Two, you developed a strategy plan and a high-level business model. Youve shared these with various stakeholders, and they are in agreement with your assessment of how best to get to market with this IoT innovation, which will
allow the company to be competitive.
Now, the CTO has asked you to come up with a proposed organizational structure that will support the innovation implementation. In this way, you will be assisting in making the innovation sustainable for the company from the course
scenario. Companies that are innovative must make sure they have structured the organization in a way that supports innovation, and a key component of innovation is keeping track of what their customers want in terms of products and
services.
Directions
Complete each of the three parts of this project. Use your slides from Milestone One, your document from Milestone Two, and feedback on Milestone One and Milestone Two to complete the first two parts of your presentation. You can use the
resources in the Supporting Materials section (below) for any other information you will need to complete your project.
Part One: 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:
1. Explain potential risks and benefits for options A and B.
o Overview (1 slide): Present the business problem and options A and B.
o Option A (12 slides): Explain at least two potential risks and benefits for option A.
o Option B (12 slides): Explain at least two potential risks and benefits for option B.
2. Compare your competitions products and services.
o Competitors: (34 slides): Evaluate the competitors current products and services.
o What are your competitors’ current products and services?
o Are your competitors expanding in the current market? Explain how this impacts their market strength.
3. Analyze your companys capability to pursue the innovation.
o Complete a partial gap analysis (2 slides):
o Does the company own the technology, or does it need to be purchased?
o How is the technology currently being used in todays products and services?
o What type of technology is available to purchase?
4. Recommend the innovation approach your company should pursue.
o Innovation Approach (2 slides): Explain which innovation approach you are recommending and why.
o Consider the different stakeholders (research and development [R&D], marketing, finance) while communicating your recommendations.
o Include a description of the incremental or discontinuous product that you are recommending for R&D.
o Include the sales forecasts for marketing.
o Include a financial snapshot for finance.
Part Two: Strategic Plan
In this section, share your revised paper from Milestone Two, which provides an overview of your competitors position in the marketplace, the available and future marketplace, and a plan for how to address a change in business conditions.
Ensure this section includes the following information.
1. Analyze the competitors relative strengths in the marketplace. Use Power BI to create charts on the growth rates.
What is the growth rate of each competitor?
How much of the market does each competitor now own? Do you see a trend of gaining or losing market share?
Determine each competitors market strength by looking at the financials for each competitor.
2. Explain how your companys market share compares to your competitors. Use Power BI to create charts on your and your competitors market share.
Is your company gaining or losing market share?
What is your companys growth potential in the industry?
How do your companys financials look compared to your competitors?
3. Identify future potential total available market (TAM) and growth for chosen product/service and technology.
What is the TAM for cars and light trucks?
What is the TAM for IoT-connected cars and light trucks?
What is the projected compound annual growth rate (CAGR) for cars and light trucks?
What is the CAGR for IoT-connected cars and light trucks?
4. Identify ways to adjust if business conditions change.
What can you do if your customers are slow to respond (buy) the innovation?
What can you do if one competitor is overtaking all the others, including you?
5. Describe the steps your company needs to take from concept outline to launch.
What is the size of development that will be required?
Will you require additional capital and personnel?
How would you approach determining the timeline from the beginning of development until initial product launch?
Part Three: Organizational Structure and Culture Report
Based on your analysis of the organizations structure and culture, share recommendations for changing its structure and culture to be more conducive to innovation.
1. Describe the current organizational structures impact on innovation.
How does your companys organizational structure support innovation?
How effective is the current structure in addressing changes in market demand?
2. Recommend changes to the current organizational structure.
How does the new structure support innovation?
How will your recommended changes make the enterprise more responsive to market demand?
3. Explain how organizational changes support a culture of innovation.
In what ways does the current culture work against innovation?
How does the new structure support a culture of innovation?
What to Submit
To complete this project, you must submit the following three items:
I. Innovation Approach Presentation
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.
II. Strategic Plan Report
Submit a Word document of 58 pages, devoting 1 page to each critical element described above in Part 2 along with an introduction and a short executive summary. Use the feedback you received on Milestone Two to revise your original
report.
III. Organizational Structure and Culture Report
Submit a 5- to 8-page Word document using 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.
Supporting Materials
The following resources support your work on the project:
CTO Brief
Use this to understand the importance of connected cars to your company and its product offerings. This resource also describes incremental innovation and discontinuous innovation options.
Comparative Product Plans
Use this to understand the current product offerings of your company and three of its competitors.
Comparative Growth Data
This provides current market share and revenue data for your company and three of its competitors. Projections for 2030 are also provided.
Comparative Operating Statistics
This provides financial data including net income and assets for your company and three of its competitors.
Organization Overview
This describes the organizational structure and some aspects of the culture of your company.
technology enhancements for access to data acquired by digital sensors
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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technology enhancements for access to data acquired by digital sensors