The company has a global based demand for the

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packing materials. The company has a global-based demand for the products and contribute over500 different products in many countries. The application involves day to day operations with the22
MGT497 Strategic Information Technology Plan (Final Paper)marketing and distribution of the product. Services focus on the financial part of optimization.Inventory planning assesses the impact of inventory levels. Sales, operations, and planning makecollaborating easy in critical decisions. Factors that block the success of innovation is inevitablefor any business. It takes a lot of trial and error to the right answer for internal processes,systems, or products and services. Some factors that can block the success of innovation aretime, the number of resources available, and the regulations placed on the company by thegovernment (Virdocs.com. (2019). In some cases, the innovators feel pressured with thesesrestraints causing the lack of innovation. The pressure creates a cease in creativity. To move pastfailures, you must know what happened and understand what occurred for the outcomes. Takingan honest evaluation from consumers can give insights as to what went wrong. Understandingwhat happened can identify the process that caused the mistake. Then let it go and start over. Justbeing at peace with the failure and not forgetting about the past but not focusing on history willallow the business to move forward in the innovation process. The cost consideration indevelopment is another factor that analyses the event of innovation. Having the numbers straightwill lead to better business decisions. Knowing what the product will cost, what revenue will itbring and what is the market price are all great areas to research during the innovation process.The idea here to evaluate the possible risk and gains for the product before the launch. Havingthis information will guarantee the cost associated with developing the product will generate aprofit and not a loss (Coca-Cola, n.d.). For example, The Coca Cola Company invested fivebillion dollars in the India business between 2011 and 2010. This generates an increase of USDthree billion beyond what they signed to invest in the market. The investment is made onincreasing bottling lines, adding new bottling plants, and enhancing back end chaininfrastructures. They predicted the line would double the revue global by and went ahead with23
MGT497 Strategic Information Technology Plan (Final Paper)the investment (Coca-Cola to invest Rs 28,000 cry in India, n.d.). The available resources forcommercializing are available for advertising in the Olympic games and the super bowl. Theseare significant resources that give Coke Cola a competitive advantage for commercialization.The jingle I remember is the "I Like to Buy the World a Coke" ad from 1971. Even though yearshave passed, it is still updated and used repeatedly to different generations and gets the sameresponse in sales every time. The company uses a semi-parametric information-based estimate toestimate strategies in prices and advertising. The procedures are consistent and efficient. They

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