Ask Financial Management Expert

Acme Corp. new product development team. The team is comprised entirely of design engineers and is meeting in the engineering conference room. The team leader is the Chief Design Engineer, Michael Carroll, who invited you to sit in today. Michael addresses the team. “We’ve been tasked with designing a new mouse to sell with the next generation of personal computers. We have six months to have working prototypes ready to present to marketing and three months after that to have the new mouse in production. It’s very aggressive schedule – we have no time to waste. Let’s start by brainstorming ideas for the mouse. Please be as innovative as possible.” Michael stepped to the white board prepared to write all the ideas that emerged from the meeting. Ideas began to surface: “Why does a mouse have to have only 2 buttons and a scroller?

Why not add an additional button for the thumb that can be programmed to serve as a function key?” “Why not make the mouse available in many colors rather than just the drab black, grey, and off-white?” “Why not send power to the mouse using RF rather than using a battery?” “Why do we need a mouse anyway? Why not implant a chip into user’s index fingers?” “Let’s make the mouse a glove. Just move your fingers to move the cursor.” As the ideas were offered, Michael wrote them on the white board. After about 30 minutes the flow of ideas had about stopped. There were a total of 28 ideas generated. Michael divided them loosely into categories: electrical; physical; functional. He asked the team to divide themselves into three groups along functional lines and each group to select a category to develop further. “Please pay particular attention to technical feasibility and manufacturing cost when you evaluate the ideas. Let’s plan to meet again in two weeks with each group giving a report on their ideas. We’ll try to narrow the ideas down and start tough prototyping the most promising ideas.” After the meeting, Michael asked you for comments about the process he is using to design the new mouse. What comments and suggestions would you make to Michael?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M9757205

Have any Question?


Related Questions in Financial Management

Assignment problems1 on the day harry was born his parents

Assignment Problems 1. On the day Harry was born, his parents put $1600 into an investment account that promises to pay a fixed interest rate of 5 percent per year. How much money will Harry have in this account when he ...

1 activities of a company that require the spending of cash

1) Activities of a company that require the spending of cash are known as: A) Uses of cash. B) Cash on hand. C) Cash receipts. D) Sources of cash. E) Cash collections. 2) Relationships determined from a firm's financial ...

Module discussion forumto prepare for this discussion

Module : Discussion Forum To prepare for this discussion, review "Basics of Speechwriting" and "Basics of Giving a Speech" in textbook Chapter 15. Then watch this video of Apple founder and CEO Steve Jobs giving the 2005 ...

Launching a new product linefor this portfolio project

Launching a New Product Line For this Portfolio Project Option, you will act as an employee in a large company that develops and distributes men's and women's personal care products. The company has developed a new produ ...

Question 1 discuss valuing bonds and how interest rates

Question : 1) Discuss valuing bonds and how interest rates affect their value. Also consider the importance of the yield-to-maturity (YTM). 2) Discuss common stocks and preferred stocks. Also, which common stock valuatio ...

Introductionlast week you determined the root causes of the

Introduction Last week, you determined the root cause(s) of the problem you are trying to resolve for your final paper. As a reminder, the decision you are working on is the one that you selected in week two. This week, ...

You have owned and operated a successful brick-and-mortar

You have owned and operated a successful brick-and-mortar business for several years. Due to increased competition from other retailers, you have decided to expand your operations to sell your products via the Internet. ...

You will be conducting an interview with a market research

You will be conducting an interview with a market research professional or a company representative. Use the results of your research to make specific recommendations on how market research can be applied to the Marketpl ...

Question 1 what is marketing research what are the two

Question 1: What is marketing research? What are the two primary types of research? Question 2: What factors influence marketing research? Question 3: The role of statistics in business decision-making? Assignment : Sele ...

Chapter 74 for commercial banks what is meant by a managed

Chapter 7 4. For commercial banks, what is meant by a managed liability? What role do liquid assets play on the balance sheet of commercial banks? What role do money market instruments play in the asset and liability man ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As