Using Synthetic biology as the selected emerging technology

How does your selected technology qualify as an emerging technology? Discuss the possible pitfalls of adopting this emerging technology for an organization. Support your answer with examples.

Evaluate the decision to go ahead with this emerging technology under uncertainty. Your evaluation should present scenarios of the technology succeeding or failing and whether the decision posture is aggressive $($commitment to create options$)$ or passive $($wait and see$).$

Detail a process for technology assessment with four interrelated steps: scoping, searching, evaluating, and committing. Show how an organization can apply this process to its decisions regarding your selected technology.

Explain the different types of risks that must be considered in the evaluation of your selected technology. These typically include market risks, technology risks, and organizational risks. For each type of risk, identify and qualify $($whether they are relatively high or low$)$ some risks associated with this technological opportunity for an organization. Discuss which types of risks are relatively more dominant and will require more attention, and which ones are relatively more manageable. Specify the underlying assumptions for your assertions.

Describe how an organization can achieve foresight regarding the markets and technologies and insight into its capabilities to plan technology deployment. Describe any specific strategies an organization can develop for risk reduction and learning.