After reading Chapter Six, (Kumar, 2013), Mode 6: Frame Solutions (This is the textbook I uploaded in file),
Create an ROI for the Innovation (My innovation thesis is also uploaded). The document should be a report, written cohesively and containing the elements that follow.
Address and respond appropriately to the following questions:
· If it is a process innovation, when will it start to save the company money?
· If it is a new product or service, when will it start to show a profit?
· If it is a new company, when will it start making a profit?
Your submission should contain the following deliverables:
· Written documentation outlining your ROI process and the assumptions of cost, profit, and the timeline for your innovation. Many profits and costs for any project are assumptions (best guesses). Since you are the expert on your innovation you are in the best position to make a good educated (guess) assumption.
· Spreadsheet showing your projected a Proforma Profit and Loss Statement (P&L) for at least five years.
A P&L timeline to show the point which your innovation will be profitable. This should be a minimum of a five-year projection.
You can use any ROI Excel template for this submission and put the table in a word document to show the ROI results.
