Homework: Flowchart Presentation
Overview
In Milestone One, you recommended an innovation option (incremental or discontinuous) to the organization from the course scenario. Now that senior management of the company has approved your recommendation, your task is to find an efficient process for your cross-functional team to follow during the development of your innovation. Remember that your perspective is still that of a middle manager for one of the top U.S. producers of luxury and mass-market automobiles and trucks.
You and your team are considering using Cooper's stage-gate process for new product development. This is a standard process that shows the journey of an idea from conceptualization to the market. You will create a detailed flowchart to share with your cross-functional team on one possible process for implementing the innovation recommendation you have made.
Prompt
Create a PowerPoint presentation with the following requirements, including a detailed flowchart. Ensure the presentation is useful in helping your team understand the stage-gate process. Your presentation should include the following:
A. Describe the major elements of the stage-gate process (1-2 slides).
a. How many stages are in the process?
b. What is the purpose of each stage?
B. Create a stage-gate process flowchart (1 slide) using proper shapes for each step in your flowchart.
a. In the flowchart or speaker notes, list an example of an activity at each stage.
b. In the flowchart or speaker notes, list a decision criterion at each stage using the company. Some examples of decision criteria include:
i. Filter ideas to the preliminary investigation
ii. Filter projects to business opportunities
iii. Filter projects to product or process development
iv. Filter products to limited launch
v. Filter products to international marketing
C. Discuss the implications of using the stage-gate process (1-2 slides).
a. When is the use of the stage-gate process appropriate?
b. How could the stage-gate process slow down innovation?
c. Is the stage-gate process more conducive to an incremental or discontinuous innovation?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.