Topic Teasers Vol. 19: More than Devices

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  CRM   Quality   Risk Management   Stakeholder Management   Strategy   Testing/Test Management  

Amazingly, my team and I have come up with the idea for a very clever, innovative product and have secured time with the board to present it for potential production by our employer. We would get a cut of the profits. What do I need to consider in order to present the most professional case for getting this produced?

A. Why take a percentage of the profits when you could have it all? Find an entrepreneur to back you, quit and make a fortune.

B.  Check with other organizations with similar production facilities to see what costs will be and where it is best to buy raw materials; then you have a realistic selling price to present.

C. Use social media to begin to build demand for this item. If you can show the board a high number of Twitter, Facebook and YouTube hits, they will be convinced to support you.

D. Think beyond the product itself to other considerations from the corporation’s point of view. Bring in information on more than your design, and show you would be valuable business partners.

Answer: D. Think beyond the product itself to other considerations from the corporation’s point of view. Bring in information on more than your design, and show you would be valuable business partners.

With the ever-shifting marketplace of today’s economy, organizations are looking to project teams to come up with new and …

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