Stokem_3-1 Milestone One

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Southern New Hampshire University *

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580

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Business

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Jan 9, 2024

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pptx

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12

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Innovation Approach Joshua R. Stokem MBA-580: Innovation and Strategy for High-Performance Organizations Professor Jermaine Dykes June 26, 2022
Risks and Benefits Option A designing a completely new product line, based on new technology Option B adding new technology features first into one model and incrementally into the broader product line
Risks and Benefits: Option A Customer interest Inflation driving production cost Risks Expanding current customer base New technology in the industry Benefits
Risks and Benefits: Option B Risks Competitor product roll out Up-to-date on technology Benefits Cost efficiency Innovation flexibility
Competitor s: BMW Sensors and computers Functionality emphasis Current connected services 5-10 year plan Market expansion Figure 1. BMW current logo. Adapted from ”BMW Logo (Present)" by 2020, CarLogos. Retrieved from https://www.carlogos.org/car-brands/BMW- logo.html Copyright 2020 by CarLogos Photos
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