Discuss the steps in an innovation project management
• Gap identification - strategic gaps the firm faces are identified
• Concept phase - developing basic framework of relevant concepts to the project are developed
• Definition phase - the what, when, and who of the task are defined
• Design phase - actual design of the project begins
• Development phase - implementation of the project begins
• Application phase - installing/releasing new product or process
• Post project review - seeing if accomplished what intended
You might also like to view...
Accounting is referred to as the language of business because it is the method of communicating business information to decision makers
Indicate whether the statement is true or false
A market segment with powerful suppliers controlling the prices is more attractive than a segment with less powerful suppliers
Indicate whether the statement is true or false