Steps in conducting the Innovation Strategy Analysis: 1.Y-axis: a) Identify the

Steps in conducting the Innovation Strategy Analysis:
1.Y-axis:
a) Identify the systems currently in operation on the Y-axis. Two are the systems operational in the Teachmint platform are ERP (enterprise resource planning) and LMS (learning management system). There are other systems that must be identified as well.
a) Discuss whether these systems are strategic or not. Answer the question, if these systems go down, how long can we still operate our business without losing money. If we cannot function without these systems, then we are on the strategic side of the Y-axis.
2. X-axis:
Identify any applications that are currently in development on the X-axis from the case.
Discuss whether each of these applications are strategic or not.
3. Acting as a consultant and using Blue Ocean Strategy:
Create another 3 applications that Teachmint should develop 5+ years in the future.
Discuss each one in depth. At least one of the applications must be strategic.
4. Determine the size, degree of benefits and the degree of riskiness for each of the applications in a table and discuss:
Size = high, medium or low
Benefits = new core value, new benefits, improved benefits, or variation
Riskiness = low, medium, high, or very high
5. Using PowerPoint, plot all of the applications on the Innovation Benefit/Risk grid.
Note the size of each project.
Copy the diagram into your word document (paste special, as picture)
6. Bibliography should have at minimum of 3 different references not including the case and the annual report. References must have the APA format similar to the sample paper.