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Cost considerations in development is also a leading factor for Nike since they use zero waste sustainability techniques when making their products. They help cut costs since a lot of thematerial used is recyclable and used again to make new products. The next factor we should discuss is the ability to create standards which is something Nike is known for; they are constantly introducing new styles that are derived from the latest technology to produce a cutting-edge product. This is helpful since the company has a reputation of setting and exceedingstandards in the industry. There are factors that could block success of an innovation such as a delay in manufacturing which could slow down the success of introducing new innovative products. Testing and acquiring the right material and products could also have an impact on the innovation. The last factor in the equation is factors that could speed adoption such as how well the product is made and if it does the things it has been designed to do. Cost and production could also affect the speed of adoption and if the right people are working on the right tasks within the planning phase to get everyone in the organization onboard. It is sometimes difficult to introduce a new process and there is going to be some resistance but providing the pros of this new technology could help with adoption. Now that we have discussed the six factors, we can move forward with another process in the planning steps and discuss how we can implement this within the organization and achieve buy-in from all stakeholders of the organization.
RUNNING HEAD: Planning Process for Innovation5Apply the McFarlan & McKenney Strategic Grid Planning Process“McFarlan and McKenney created a procedural model to enable an organization tomanage the diffusion of new technologies” (Raho, Belohlav & Fiedler, 1987). They developed a