Explain the three ways (in detail) with which a firm can increase the likelihood of the projects being both technically and commercially successful.

Management Question

Q1– ‘Technological innovation is thus the creation of new knowledge that is applied to practical problems. Sometimes this knowledge is applied to problems hastily……’. In your own words, explain what can be the possible consequences of hasty application of technological innovation. Explain whether the benefits of technological innovation over power its drawbacks. (5 Marks, Min words 400-500)

Q2. Explain the three ways (in detail) with which a firm can increase the likelihood of the projects being both technically and commercially successful.  (6 Marks, Min words 550-600)

Q3– On the basis of your own research, map the timeline of the Most Important Technological Innovation in the last 50 years (1982-2022). Select one innovation as per your choice and write a detailed note about its positive as well as negative effects on the society. (4 Marks, Min words 450-500)