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Ryan 2023-06-16 08:03:40 +08:00
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workplace organisation or external relations. workplace organisation or external relations.
- ### Categories: - ### Categories:
- Product innovation - Product innovation
- Advantages #flashcard
- Increased market share
- Public relations e.g. news coverage
- Enhanced reputation as an innovative company
- Opportunity to build early customer loyalty
- Added value
- However, creation of
- Higher prices and profitability
- some innovative
- products can instigate
- Competitive advantage
-
- Process innovation - Process innovation
- ### Types of Innovation - ### Types of Innovation
id:: 648adeaf-1355-48de-91ae-ea4bc4b4d816 id:: 648adeaf-1355-48de-91ae-ea4bc4b4d816
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approach e.g. direct marketing, e-commerce approach e.g. direct marketing, e-commerce
Service innovation Telephone financial services or on-line services Service innovation Telephone financial services or on-line services
e.g. customer support e.g. customer support
- Advantages #flashcard
- Advantages of launching new or improved products on to
the market include [2]:
l Increased market share
l Public relations e.g. news coverage
l Enhanced reputation as an innovative company
l Opportunity to build early customer loyalty
l Added value
However, creation of
l Higher prices and profitability
some innovative
products can instigate
l Competitive advantage
- ### Models of Innovation - ### Models of Innovation
id:: 648adeaf-2f3b-4ccc-a949-915a03aac808 id:: 648adeaf-2f3b-4ccc-a949-915a03aac808
Innovation can follow different models, such as: #flashcard Innovation can follow different models, such as: #flashcard