Based on your textbook, explain the 5 steps that can help to obtain the ‘big picture’ of technology evolution in an area and to prioritize innovation investments. Give at least one example to support your answer. (5 Marks, Min words 400-500)

QUESTIONS:

Q1– Based on your textbook, explain the 5 steps that can help to obtain the ‘big picture’ of technology evolution in an area and to prioritize innovation investments. Give at least one example to support your answer. (5 Marks, Min words 400-500)

Q2– Judging by the current trends of the technological innovations in the market, select a company of your choice which has repeatedly weighted the ‘importance to customer’ as its primary objective while choosing their innovation projects. Explain at least two instances in depth supporting your answer. (2.5 Marks, Min words 200-250)

Q3– Judging by the current trends of the technological innovations in the market, select a company of your choice which has repeatedly weighted the ‘ease of development’ as its primary objective while choosing their innovation projects. Explain at least two instances in depth supporting your answer. (2.5 Marks, Min words 200-250)

Q4– Write about minimum two companies or industries that are currently investing in technology dimensions where the utility payoff of improving the technology has flattened.  (2 Marks, Min words 200)

Q5– Create your own matrix to assess which technological development investments are likely to yield the biggest bang for the buck in case of ‘biometric security devices’. Explain your findings. (3 Marks, Min words 300)