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Module 2-discussion. Lesson 3, 4, 5, and 6

I’m ordering 4 pages. Each page is for one lesson. There are 4 lessons, which means I’m doing four discussions on a thread. For each of the four please write a title of which lesson you are writing about.

To summaries these are 4 different discussion assignments I’m order into one. So make sure they are separated.

Please for all lessons include the question/ tables that comes in the questions. So just add the lesson information then answer. Quality please.

Lesson 3 – Activity

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What is your understanding what a Technology Assessment is?

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Lesson 4 – Activity

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You are the assessor of implementing a new fertilizer for a turfing company. The fertilizer has been recently developed. Using the risk matrix in the lesson note, describe one risk of implementing this new technology and whether it is a high, medium or low risk using the matrix. Explain your answer based on likelihood and consequence.

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Lesson 5 Activity

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Formal Alternative Analysis: Decision Tree: Make sure you understand the decision tree example of developing a new product in the course notes. The manager has come to you indicating that the probabilities are incorrect and revenue outcomes are incorrect. The manager also realized that the developed cost were higher than originally thought. To make matter worse the manager also realized that there are only two possible outcomes Good or Poor. With the data below use the decision tree process to determine the best possible alternative and why. Ensure you include a diagram.  

New Product

Thorough Development

Cost $200,000

Market Reaction Probably of Success Return
  Good 50% $500,000
  Poor 50% $40,000
Rapid

Cost $80,000

Market Reaction Probably of Success Return
  Good 30% $500,000
  Poor 70% $2,000

Consolidated Product

Strengthen

Cost $80,000

Market Reaction Probably of Success Return
  Good 50% $500,000
  Poor 50% $6,000
Reap

Cost $0

Market Reaction Probably of Success Return
  Good 60% $500,000
  Poor 40% $6,000

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Lesson 6 – Activity

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Select a new simple product technology that you may personally use such as a mobile phone, printer or even a new style of chair. Discuss the possible environmental impacts this technology may have?

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