Archives: Tooltips

High-tech refers to technologies or Innovation which are experiencing rapid progression. R&D is leading to the generation of knowledge in creating Flow of Ideas for improving them. Due to the…

These are the emerging technologies that offer the opportunities of changing technology cores of existing products, for offering better substitutions. This change in technology core leads to the formation of…

These are the technologies that offer big jumps. Jumps could be in willingness to pay or the cost of production of existing products due to the addition of new features…

For offering better substitutions, often innovators change the technology core of existing products. This change in technology core forms a new wave of Innovation. Sometimes, these new waves are initiated…

Emerging technology cores keep unfolding opportunities for offering better substitutions to existing products. However, once innovators take the radical step of changing the technology core of existing products, product around…

Irrespective of the greatness of the idea, once an Innovation enters the market, it starts experiencing a harsh reality. The willingness to pay keeps drifting downward. The main reason is…

This is about adding or improving one after another feature of products and also processes to produce them. Incremental innovation is vital to keep increasing the perceived value and also…

Process innovation plays a vital role in making Innovation to succeed, by improving quality and consuming fewer resources to produce. The addition and enhancement of process features lead to improving…

Product innovation takes place in three different firms. The first one is about bringing a new product, like magnetic resource imaging (MRI) or microwave oven. It’s often followed by a…

Economies of scale, scope, and externality effects play a vital role in making products better and cheaper simultaneously with the growth of the customer base. Due to the zero cost…

The success of Innovation seriously depends on externality effects. It originates in multiple forms such as (i) 3rd party complimentary goods and services, (ii) the advancement of needed infrastructure, (iii)…

Due to the Network effect, the perceived value of goods and services keeps increasing with the growth of the customer or user base. For example, for the telecom network, the…