Question

With these topics "Choosing Innovation Projects" and "Collaboration Strategies" and answer the following questions:

1. Why might a firm want to consider quantitative and qualitative assessments of a project? Can you cite and example?
NOTE: Please cite it also give an example.

2. When, in the course of establishing a strategic firm's direction, would you consider going Solo- as opposed to a collaborative effort? Can you Do both?

Answer 1

quantitative and qualitative assessments of a project is important in a firm. It is an important process of planning and management. It helps for effectively analyzing the risks of the project and the needs. It uses the availability of the data for

Conducting the analysis. It helps to understand the impact of the objectives on the project and probability of the risks. It helps to understand the important outcomes of the project and understand the probability for achieving the objectives of the project.

It is also important to take important decisions about the project for the firm. It helps for conducting effective analysis.

The preferred choice would be going for collaborative effort. Collaboration has its perks like faster rate when it comes to learning, achieving more at a cost which is less. It also helps for accessing important complementary assets and helps for gaining shorten cycle time.
It is also useful to reduce asset commitment. It is a useful method for enhancing learning and pooling resources and talents. It helps for sharing costs and risks of the project. The technique of joint venture can be used which is effective partnership between two or more firms and it has important equity stake of partners and results in essential creation of new business entity.