Research on new product innovation
Perform research on new product innovation. Select a new product that you will use for the rest of the course. Then answer the following questions in a 2-3 page word document:
Identify the product.
Discuss how the product is an innovative product.
Pick a company that would use this product (you can create a company or find one on the web_ and note how this product would align with the corporate strategy.
New Product Innovation: Self-Driving Cars
How Self-Driving Cars Are an Innovative Product
Self-driving cars are a revolutionary new technology that has the potential to transform transportation. These cars use sensors and artificial intelligence to navigate without human input, making them safer and more efficient than traditional vehicles.
Self-driving cars offer a number of advantages over traditional vehicles, including:
- Safety: Self-driving cars are equipped with a variety of sensors that allow them to see 360 degrees around them and to detect objects at a distance that is greater than what a human driver can see. This makes them less likely to be involved in accidents.
- Efficiency: Self-driving cars can communicate with each other and with traffic infrastructure to optimize traffic flow. This can reduce congestion and travel times.
- Convenience: Self-driving cars can free up drivers' time to do other things while they are traveling, such as working or relaxing.
- The impact of self-driving cars on the workforce: Self-driving cars are likely to have a significant impact on the workforce, as they could replace many jobs in the transportation industry, such as truck drivers and taxi drivers. However, self-driving cars could also create new jobs in the field of self-driving car technology.
- The ethical implications of self-driving cars: Self-driving cars raise a number of ethical questions, such as who is responsible in the event of an accident and how self-driving cars should be programmed to make decisions in life-or-death situations.
- The future of self-driving cars: Self-driving cars are still in their early stages of development, but they have the potential to revolutionize transportation. It is likely that self-driving cars will become increasingly common in the coming years.