Week 3 innovation review | ENT527 Opportunity Assessment And Innovation | University of Phoenix

This week, you will begin to consider some of the key factors of developing your innovation. You will use the information from this review to complete the Wk 4 Summative Assessment: Innovation Evaluation Report.

Assignment Deliverable

Write a 350- to 700-word review of the development of the innovation product or process you selected. Consider the following in your review:

• Potential outcomes, both positive and negative, in attempting to adopt an innovative product or process.
• The use of project champions, including how project champions help ensure that you’ll achieve the benefits of championing and minimize the risks.
• The use of sequential or parallel processes. What are the pros and cons of each?
• The use of stage-gate processes. What are the pros and cons of its impact on development cycle time and development costs?
• The benefits and costs of involving customers and suppliers in the development process.
• The need to test viability of your product or process with your customers and suppliers in your analysis. How will you do this?