Imagine that you work for a manufacturing firm as a technology consultant. You have been asked to evaluate one of the three products listed below to see if the firm should produce it and answer the questions with 75 words in Microsoft word document. Please cite the sources that have been used in APA style and put them in the reference section as well.
• Smart wallet using NFC chip
• Linka Bike Lock
• Edyn Garden Sensor
• Linka Bike Lock
• Edyn Garden Sensor
1. How certain are the customer preferences for this product?
2. How much improvement does this innovation provide over previous situations?
3. Does the innovation require enabling technologies, and are these technologies sufficiently mature?
4. Do complementary goods influence the value of the innovation, and are they sufficiently available.
5. How High is the threat of competitive entry?
6. Are there increasing returns to adoption?
7. Can the firm withstand early losses?
8.Does the Firm have resources to accelerate market acceptance?
9. Is the firm’s reputation likely to reduce the uncertainty of customers, suppliers, and distributors?
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