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QUESTION 3 (Business and Technology Strategy) Vision is the brain that governs the whole organisation, not just individual components. The vision gives answers to questions

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QUESTION 3 (Business and Technology Strategy) Vision is the brain that governs the whole organisation, not just individual components. The vision gives answers to questions such as: - Where is the organisation going? - What will it look like in the future? Managing with a vision can benefit an organisation in many different ways. Recommend five (5) benefits of a vision to your organisation. [10] Question 4 (Managing Technology and Innovation) One of the key criteria for successful product development is to source or generate as many initial ideas as possible. There are several techniques that can be used to source or generate ideas. Suggest five (5) sources of idea generation when developing a new product to your supervisor in your organisation. [10] Question 5 (Entrepreneurship) Not every idea has seeds of a profitable business opportunity. The golden rule is that a silly idea should not be discarded as folly, it might just trigger off a million-dollar idea that nobody has thought of before! Recommend five (5) possible sources of business ideas to a family member who wants to start a new business

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