1-3 Memorandumsouthern New Hampshire Universitymba-580-Q3772

1-3 MemorandumSouthern New Hampshire UniversityMBA-580-Q3772 Innov/Strat High-Perform Orgs 23TW3 01:43:35 GMT -05:00MEMORANDUM Date: February 5, 2023To: Senior managementFrom: Cody ManleyRe: Development of Connected VehiclesThe chief technology officer (CTO) has been researching the usefulness and access to sensor data to improve our luxury and mass-market vehicles. CTO has concentrated his research on adding the internet of things (IoT) to all models of vehicles. This would include embedded devices such as sensors to share data and trending points of cars connecting to the internet.Senior management has decided to explore further integrating the internet of things (IoT) into the company’s trucks and cars using the Real, Win, Worth (RWW) model. This memo will explain how integrating IoT into its product line will significantly benefit the company’s profit. Explain the reality of the integration, how it will help the company win, and why it would be worthwhile for the company to pursue.RealIs this opportunity real? Yes, this is an actual development, growth, and profit opportunity. The CTO’s recent brief points out that the market for IoT-connected cars will increase during the next ten years from $54 billion to over $510 billion. Consumers are looking for new features in autos