MGT 3659 Study Guide - Quiz Guide: Strategic Management, Disruptive Innovation, Social Currency
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Demand for a new product is slow to take off. They have a strong sense of practically. They weight benefits and costs carefully: match the type of innovation (on the left) with an example (on the right) By being imposed by gov or other agencies. By having firms purchase a standard"s license. By letting consumers vote for their preferred standard: dashawn likes to do a lot of research before he buys a new product and relies on the endorsement by others. He also wants to be sure the product will be practical. They unlock new sources of value creation and supply. A new sportswear company with a handful of employees that perform a number of loosely-defined roles: what can incumbent firms do to counter disruptive innovations. Protect the low end of the market. The need to educate potential customers about the products benefits. The need to continuously perfect a product.
