A Timely Product Innovation

Topics:
Product Development and Design
Tags:
Consumer Electronics,
Digital Cameras,
Digital Photography,
Entrepreneur.com Inc.,
Entrepreneurship,
Innovation,
Management,
Personal Technology,
Product Innovation
Source:
Entrepreneur.com

Vendor Registration: required

Overview: An innovation is disruptive when it impacts the hegemony of the market-leading company, companies, or prevailing technologies for a specific market. Among the many examples of disruptive products are digital photography technologies, which replaced photographic film. An understanding of the economics of the product innovation in the context of the prevailing competitive economics. Companies that have created market disruption have exhibited a keen understanding of the laws of supply and demand. They understand the connections among costs, pricing, adoption rates, and market growth.

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Format: HTML | Date: Feb 2007 | Pages: 4

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