Unit VII Assignment OT&B
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Running head: Unit III Assignment 1
Unit III Assignment
Justin Erby
228342
BBA 3451-17M-6A21-S1
Organizational Theory and Behavior
Unit III Assignment 2
Introduction
In exchange for money, businesses offer the products and services that they have created
for their targeted customers. Thus, it through the products and services that are offered by
businesses that they can make profits and collect the revenues that their business operations
generate for their business. Thus, the creation of new products and services guarantees a brighter
future for a business organization. In a nonprofessional’s language, creation of new products and
services by business owners can be said to be the lifeblood of that business organization (Info
entrepreneurs, 2009). Thus, investing in the creation of new products and services is a crucial
element for every business that is operating.
Ailcyons is a profit organization that has various products and services. The company has
majored in the creation of portable gadgets that can be used to play music at any place. These
gadgets have been created in such a way that they offer the best sound quality that can make an
individual feel the grove of the music that he or she listening to and still listen to the lyrics that are
being sung by the musician. The company also offers music licensing services to musicians and
also helps content creators to sell their creativity through the online platform. Thus, the company
gets a cut for all the royalties that are accumulated by musicians and content creators. So that the
company can maintain its sustainability in the business world and have a guaranteed future in
business, we have decided to create an audio gadget that does not external memory to play music.
New Product SMART Goal Analysis
Unit III Assignment 3
Goals such as the new product that is being proposed for the business need to be specific so
that they can be accomplished with success (Corporate Finance Institute, 2020). To be specific, the
people within the organization that are involved in this product’s creation are the organization’s
technicians, the project management team, the management, and the company’s stakeholders.
After the product has been designed and made ready for the market, the majority of the task will be
left to the marketing and sales departments of the company. The company’s technicians need to
identify the necessary resources that are needed to make the product a success. This product will be
available for the market and can be bought by consumers of any age.
There are various ways that the organization will be able to measure its success on this
product’s design and lifespan. The progress will be measured by analyzing what will have been
designed by the team and the first samples that will be tested. After doing this the company’s
shareholders will determine the investment that they will make for the product in terms of cost.
The price of the product can then be determined after calculating the profits that will be
accumulated on a certain number of sales. The creation of this product is achievable. It is
achievable because the product is not complicated to create given that many smartphone
developers are creating devices with inbuilt memories. Thus, we need our experts to synchronize
this technology into the creation of smart audio devices.
Goals that are designed “must be realistic in that the goal can be realistically achieved
given the available resources and time (Corporate Finance Institute, 2020).” This business goal is
achievable given that the business creates and sells portable audio devices. Thus, we only need to
integrate the inbuilt memory technology into what we are doing. The time that will be taken by the
company to realize and achieve this goal depends on the time that will be taken by the technical
Unit III Assignment 4
team to determine the resources and technology that the needs. After this has been done, we can
then come up with a plan of how we can initiate the product. We need to allocate the technical
team 1 month of researching how we can do this. We will then take 2 months to develop and test
the new product. After we are certain about its effectiveness, we will make it available to the
consumer.
Unit III Assignment 5
References
Corporate Finance Institute. (2020). SMART goal - Definition, guide, and importance of goal
setting. https://corporatefinanceinstitute.com/resources/knowledge/other/smart-goal/
#:~:text=A%20SMART%20goal%20is%20used,chances%20of%20achieving%20your
%20goal
Info entrepreneurs. (2009). Develop new products and services. Info entrepreneurs | Info
entrepreneurs. https://www.infoentrepreneurs.org/en/guides/develop-new-products-and-
services/