Identify the most suitable process for managing innovation in a changing external environment.
Makerere University Business Recommendation Report Paper Task summary: Please create a report based on the scenario attached. Full order description: Dear Freelancer,please write the task . MAIN DETAILS: Based on this scenario, create a process recommendation report. Remember to tailor the information for the target audience, your stakeholders. Your report should include the following points: 1. Identify the most suitable process for managing innovation in a changing external environment. You must consider the following processes and briefly describe all four processes before you offer your recommendation:· -Stage -gate · Agile · Lean · Discover -iterate -pivot 2. Explain your rationale for your recommendation.· Describe the advantage of your chosen process over others. · Explain how it can address the changing external environment. 3. Explain recommendations for ensuring cross-functional team effectiveness in the chosen process. · How would you measure team success at each stage of a project? · How would you review and implement changes coming out of success measurements? · How do you know when you are done with the project? 4. Describe your plan for addressing the concerns of your key stakeholders. Select two of the following departments whose directors will be your audience: research and development (R&D), finance, human resources (HR), or marketing. · Identify key stakeholders who will use the report in your organization. · List at least two concerns they may have about processes for managing innovation. · Explain your response to their concerns.
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