Technological Innovation Strategies
The purpose of this assignment is to research and select a technology solution to address a business problem and determine the ethical implications of adopting the selected technology.
Business organizations must thoroughly evaluate how they can get the most value from the technology they elect to employ in order to maintain competitive advantage and meet strategic goals.
For this assignment, imagine yourself in the role of the executive vice-president of product and innovation strategy at the business where you are currently employed or have interest in working. Your organization has decided to invest in one technological innovation, that if implemented could have a positive impact (e.g., provide more efficient customer service, increase product margins, penetrate new markets) on the business.
Your job is to identify a business issue/problem and evaluate and select a technology innovation that will address the issue or problem. You must be able to identify and discuss the measurable organizational value of the technology innovation.
As a final assignment deliverable, you will present a 750-1,000 word proposal outlining your strategic management plan for implementing the technology innovation. The technological innovation you select for this assignment will be used as the foundation for the applied course project and remaining course assignments. A minimum of five references is required.
Complete the steps below.
Identify a business problem that, if addressed with a new, innovative technology or innovative use of an existing technology, could have a positive impact (e.g., provide more efficient customer service, increase product margins, penetrate new markets) on the business.
Research potential information technology solutions to the problem. To find new, innovative technology solutions, search crowdfunding websites and other technology forums as part of the research process.
Based upon your research, select a technological innovation or innovative use for existing technology. Explain how it could be implemented to address the issue/problem you have identified. Include specific discussion of how it could be applied within your business and address the specific stakeholders that would be impacted.
Analyze and summarize the impact adoption of the technology would have on your business in terms of measurable organizational value (MOV).
Consider the five-component framework and discuss how adoption of the selected technological innovation will impact each of the five components of the business.
Identify and discuss specific ethical implications that could result from the implementation of the selected technology. Explain how you would address the ethical implications from a Christian worldview perspective.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
Benchmark Information
This benchmark assignment assesses the following programmatic competencies:
MS Information Technology Management
2.3: Articulate information-technology-related business decisions to relevant stakeholders.
3.2: Analyze the ethical implications of information technology and systems-related decisions and promote associated ethical standards within organizations.