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Customer Orientation Effects on Innovation

Integrative Innovation

For example, cordless telephones were a radical innovation relative to wired phones because they were based on a substantially new technology; however, their customer base was essentially the same. DVD players provide another example, as they used optics technology as opposed to the magnetic technology used in VCRs.

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Sustaining a Healthy World Through Growing Crop Health

Business and Tech

Furthermore, innovations such as drought-tolerant corn have been brought to the market thanks to agricultural research. This technology has enabled farmers to conserve more water during years of normal precipitation and survive years of extended drought. Precision agricultural techniques. farmers to avoid cultivating an estimated 10.2

Tools 130
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Elon Musk – Serial Entrepreneur and founder of Tesla Motors and SpaceX

Destination Innovation

It became PayPal and he held 11% of the stock when it was sold to eBay in 2002 for $1.5B. In the same year, Musk founded his third company, Space Exploration Technologies Corporation, or SpaceX to build commercial vehicles for space travel. Straight away Musk started another internet company X.com to provide online payments.

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How the current patent system actually hurts innovation (and how patent trolls are being fought)

Idea to Value

Originally, patents had a simple purpose: By filing a patent, an inventor or company showed how their new technology worked, in exchange for legal protection for the duration of the patent. billion , predominantly for the approximately $4 billion worth of patents it possessed around smartphone technology. Does this system still work?

System 100
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Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

What Digital Twins Technology is and How It Works. Originally, this term was coined by Dr. Michael Grieves in 2002. So, what is this technology? As a result, the product’s digital twin help to reduce production costs and time-to-market, all while improving quality. Reduced time to market for new products.

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The Past and Future of Experience Design

Boxes and Arrows

Ten years ago, when I wrote The Making of a Discipline: The Making of a Title, 2002, there was a big debate on: Is experience design about online and mobile interfaces or is it something more? Louis Cheskin , probably the first experiential marketer, was researching experiences (including emotions and core meanings) back in the 60s.

Design 98
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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). Moreover, emerging technologies or trends may change the market environment - a company may be forced to act reactively or may want to act proactively by adapting the existing business model.