• Welshd

    In the chapter on Types and Patterns of Innovation the author begins by identifying the four different types of innovation that occur: product vs. process, radical vs. incremental, competence enhancement vs. competence destroying, and architectural vs. component. Companies in the technology industry should find it beneficial to have an understanding of which type of innovation will be most effective for them based on the resources they have and the impact they would like the innovation to have on customers and competitors.

                Next, the author introduced the technology s-curves. He points out that both the technology’s performance improvement as well as the rate at which technology is adopted in the marketplace, repeatedly resemble a…

    Read more >