The Research and Development Team of Leonide Inc

question 28

Multiple Choice

The research and development team of Leonide Inc.has generated five different product ideas.All five ideas are being rated against each other on their characteristics such as product uniqueness,idea profitability,protectable intellectual property,and product team quality.Based on their ranking in this stage,only three ideas will make it to the immediate next step which will be the stage of _____.

• A) idea generation
• B) commercialization
• C) feasibility study
• D) market introduction

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Definitions:

Process Focused

An approach or method that is primarily concerned with the procedures and steps followed to achieve a specific goal.

Standardize

The process of establishing and implementing technical standards to ensure consistency and compatibility across systems, products, or services.

Expectations

The beliefs or assumptions about what should happen in the future regarding the performance or outcomes of a project.

Critical Path

The sequence of tasks that determines the minimum project duration; delaying any task on this path delays the whole project.