Question: Week 4 - Assignment 3: Analyze Research and Development Strategies Instructions Within the first four rounds of the GlobalDNA simulation, you have made decisions related

Week 4 - Assignment 3: Analyze Research and Development Strategies

Instructions

Within the first four rounds of the GlobalDNA simulation, you have made decisions related to research and development, including creating new products to meet customer demands, managing existing products to keep them relevant in the marketplace, and retiring products that no longer fit the strategic direction of your company. For this assignment, discuss your strategies in terms of research and development. Then, be sure to address the following in a paper:

Determine how to manage existing products and keep them relevant in the marketplace.
Identify factors used to determine when to retire products.
Explain how you determined when and how to create new products and which new products to create.
Overall, how would you characterize your research and development strategy for your company?

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