Question

Enactment of Technology Strategy-Creating and Implementing a Development Strategy describes how development projects are traditionally managed and states the bases as to why so many fail and/or not completed on time. It describes six phases of a development project and claims that traditionally management attention and influence is heavy in the end phases of the project when they should be focused at the beginning phases of the project for success. These suggest the development strategy leadership approach for senior management at the onset of projects in order to determine the best set of projects to pursue. Four team structures are defined with recommendations for the types of development projects each is best suited for. Guidance for post process learning is also presented.

QUESTIONS

What are the three areas of promise associated with the commercialization of new products and processes, that is, of successful development projects? Give a specific example of each.

Successful development projects occur when attention and influence by management is allocated at the onset of development projects, not in the prototype building, pilot production, and manufacturing ramp?up phases. Traditionally why is management resources focused at the end phases of the project?

What are shortcomings of go/no?go decisions on a handful of projects by senior management? What does the development strategy leadership approach entail?

Regarding the widening of the mouth of the funnel theory when creating an aggregate set of projects, it is encouraged to investigate alternatives before making the go/no?go decisions on just a few. How can these costs be justified to pure financial branches of management who may well see this as a waste?

State the characteristics of a functional team structure. What type of development project is a functional team structure best suited for?

Answer 1

Commercialization is described as a process concerned with initiating a new product or service in the market as it takes into account the process, distribution, marketing, trade and consumer support necessary to attain the commercial accomplishment of the new product or service.

Furthermore it is considered as a procedure that facilitates to translate ideas and research into feasible products and process schemes that in fact helps to preserve the preferred functionality while structuring and conveying low cost and high quality process designs to enable production of high quality goods and services to facilitate business administrators to effectively commercialize it among their consumers in the concerned markets.

Thus commercialization comprises of enumerating efficient and helpful business process and supply chain policies and approach facilitating towards framing effective execution and implementation of strategies which indeed is considered as a crucial element for attaining the commercial success which in fact can be incorporated through improvisation and modernization in any startup ventures, research work and latest technology development.

Formulating an effective and efficient leadership strategy indeed necessitates an overall business development approach which in fact requires generating a vision and mission for the development of a comprehensive leadership policy and approach which in fact requires to be correlated with the overall business vision and mission.

Thus in normal terms it’s generally considered to be very crucial and significant to collect information illuminating the facts and figures depicting the current business position of the organization which indeed requires to be compared with other competitors present in the market and then eventually formulate an effective business strategy aimed towards attaining a probable future development by exploring prospective markets having potential growth prospects.

Thus it’s very crucial and significant that leadership development policies and approach indeed needs to support to ensure the effective execution and implementation of the leadership strategies furthermore the overall leadership development programs should be custom-made in order to convene the requirements of the business.

However to initiate the process of developing a sustainable leadership strategy it’s very significant and crucial to identify and acknowledge the process to be adopted for effective and efficient execution and implementation of a modernized business development approach which indeed needs to facilitate the top business administrators towards successfully initiating a change towards creating an effective leadership development strategy.