| Innovation is a very important stage for any type of | | | | new market among non-consumers or by providing a |
| business nowadays, we are kind of fed up to hear | | | | clearly less expensive solution - often in trade off for |
| everywhere innovate or else die, innovation is closely | | | | reduced performance, say, targeting customers who |
| related to technology, there is a time when we face | | | | do not value the extra features/high performance of |
| somewhat like a dilemma in the innovation curve. no | | | | the existing product or simply cannot afford it |
| matter if it is a product, service, marketing, | | | | (low-end disruptive innovation). |
| application, potential or lateral. | | | | Disruptive technologies are only applicable in |
| What is really hidden in the very core of this | | | | insignificant or new existing markets result in worse |
| concept? we must answer several questions, of | | | | product performance, at least near-term |
| course many questions arise when we are talking | | | | under-perform established products in mainstream |
| about this, however we can summarize these: How | | | | markets, are afflicted with a high level of uncertainty |
| can you make an economic decision about | | | | and risk.The result of this is the incumbents abide by |
| technologies? How to transfer a technology into an | | | | the established technology and avoid to cannibalize |
| innovation? What distinguishes sustainable from | | | | their income by disruptive technologies or |
| disruptive technologies? Which factors decide about | | | | respectively to enter unprofitable markets. Thus, |
| the innovations to pursue? What is characteristic for | | | | they block themselves the access to new growth |
| successful innovations? How can you successfully | | | | markets or miss the development (incumbent inertia), |
| design the process of innovation? How can you | | | | this bring forth what is called the innovator dilemma. |
| accelerate the product development process | | | | Advices for innovation management goes to three |
| successfully (within an innovation cooperation)? What | | | | very important levels, first from the Executive level, |
| determines the change from closed to open | | | | there hast to be an adjustment of the organizational |
| innovation? How to enhance the creativity of a | | | | structure, second, application of the Discovery Based |
| company and include knowledge from the outside? | | | | Planning, and preparatory management of the |
| Once we have asked ourselves these questions we | | | | portfolio with strategic options. After we set up the |
| have to understand what stage are we into now? | | | | Executive level, we should strive our attention to the |
| where are we focusing our efforts, are we using | | | | Disruptive Technology Scanning, what we mainly do |
| peacemaker technology, key technology, basic | | | | here is a definition and analysis of the value chain |
| technology, or a former technology? | | | | competition industry cost structure, an Evaluation of |
| Sustainable technologies improve the performance of | | | | a new technology towards disruptive characteristics |
| established products, along the dimensions of | | | | and a Trajectories mapping Evaluation relating the |
| performance that mainstream customers in major | | | | existing value chain. |
| markets have historically valued in the other hand | | | | And the third level is Developing the Opportunities |
| Disruptive technologies bring to market a very | | | | and Business Models and this consist on Mapping of |
| different value proposition than had been available | | | | the new value networks, Identification of |
| previously. They have features that a few fringe | | | | opportunities and development of adequate business |
| (and generally new) customers value, based on this | | | | models and the Formulation of a portfolio with |
| we can say that Disruptive technologies are typically | | | | strategic options. Doing so our innovation curve will |
| cheaper, simpler, smaller, and, frequently, more | | | | not experience damage or critical alteration which will |
| convenient to use, by introducing a new performance | | | | result on many problems. |
| dimension to the product and therefore creating a | | | | |