Assignment: Strategies of Innovation- Develop an innovation plan
Length: 5 to 8 pages.
An Innovation Plan is the written document that details the proposed innovation and its commercial potential as a venture. It must describe current status, expected needs, and projected results of the new concept. Every aspect of the venture needs to be coved: the project, marketing, research and development, manufacturing, management, critical risks, financing, and milestones or a timetable.
A description of all of these facets of the proposed venture is necessary to demonstrate a clear picture of what that venture is, where it is projected to go, and how the innovator proposes it will get there. The innovation plan is the road map for a successful enterprise.
Your innovation plan should contain the following:
o Describe every aspect of a particular innovation
o Include a marketing plan
o Clarify and outline financial needs
o Identify potential obstacles and alternative solutions
o Establish milestones for continuous and timely evaluation
o Serve as a communication tool for all assessment purposes.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.