You and your team are considering using Coopers stage$-$gate process for new product development $-$ integrating IoT technology into our vehicles via discontinued innovation. This is a standard process that shows the journey of an idea from conceptualization to the market. You will create a detailed flowchart to share with your cross$-$functional team on one possible process for implementing the integration of IoT technology into our vehicles via discontinued innovation. For R&D$,$ the focus should be on developing cutting$-$edge sensor and computer technology.Marketing should emphasize the unique features and benefits of our IoT$-$enabled vehicles.Finance should consider the projected sales forecasts and financial benefits of discontinuous innovation.

Using PowerPoint, create a presentation that is $3$ to $5$ slides with detailed speaker notes that highlight the important points you want to emphasize to your team. The PowerPoint presentation with the following requirements, including a detailed flowchart. Ensure the presentation is useful in helping your team understand the stage$-$gate process. Your presentation should include the following:

$1.$Describe the major elements of the stage$-$gate process $(1-2$ slides$)$

$.$How many stages are in the process?

$.$What is the purpose of each stage?

$2.$Create a stage$-$gate process flowchart $(1$ slide$)$ using proper shapes for each step in your flowchart

$.$In the flowchart or speaker notes, list an example of an activity at each stage

$.$In the flowchart or speaker notes, list a decision criterion at each stage using the company. Some examples of decision criteria include:

I.Filter ideas to the preliminary investigation

II$.$ Filter projects to business opportunities

III. Filter projects to product or process development

IV$.$ Filter products to limited launch

V$.$ Filter products to international marketing

$3.$ Discuss the implications of using the stage$-$gate process $(1-2$ slides$)$

$.$When is the use of the stage$-$gate process appropriate?

$.$ How could the stage$-$gate process slow down innovation?

$.$ Is the stage$-$gate process more conducive to an incremental or discontinuous innovation?