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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

This technology has enabled farmers to conserve more water during years of normal precipitation and survive years of extended drought. This technology can potentially improve environmental sustainability by reducing the over application of fertilizers, seed, and herbicide.”. Precision agricultural techniques.

Tools 130
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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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Who were the Greatest Britons?

Destination Innovation

In 2002 the BBC ran a poll to determine who the public considered to the the greatest British people of all time. His laws together with his mathematical discoveries laid the foundation for the development of technology and the industrial revolution. William Shakespeare (1564 – 1616).

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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? Digital Twin technology is already widely used in manufacturing, but the situation is changing rapidly. That is exactly what we will show you throughout this article.

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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? The film and culinary worlds would have laughed at our reluctance (had we bothered to consult them and bring them into our community).

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.