Question

ABC group is concentrating on managing innovation where they are going to develop an innovative chargeable case that produces electricity through the kinetic entry which is generated by the body movements for instance while walking while moving and running. This is an innovation in the market. After reading the above you need to determine the reasons and objectives behind the development of these cases. what are the goals that provide an edge to us over the competitors and what are the risk involved in the development of the product. Identify the risk and provide mitigation strategies along with the explanation of reasons, objectives, and goals.

you mau make hypothetical assumptions

Answer 1

Objectives behind Development

· To promote new innovation in renewable energy resources

· To provide efficient and affordable energy to people

· To minimize usage of non-renewable energy resources

· There will be less deterioration of natural resources by using kinetic energy

Reasons behind Development

· Decrease in availability of non-renewable energy resources

· Cost of non-renewable energy resources is also very high

· To promote usage and alternatives of Kinetic Energy

Goals behind Development

· People’s Cost for Energy will be reduced

· People’s health and fitness will increase due to running and exercise

· Government can achieve objective of sustainable development

· Government cost on energy resources could be reduced.

Risk Involved in Development

· Side effects of the case generating on the case in Human Body

· Old-age People generally not had much body movement and can had serious negative impact

· Structure of Chargeable case attached to body .e. Size, Weight, Durability. etc

· Cost Involved in such innovation can be very high

Mitigations for Risk involved in Development

· Proper Testing and Possible outcomes backup plan

· Chargeable case should be compact, light-weighted and durable

· Proper Age group should be defined to use such case to reduce negative impact

· Proper estimation of cost and its probability of success should be defined