Week 1 discussion - Assignment Example

One of the modern day’s innovations is a laptop. It is a portable computer, which has the capability of storing power for usage. It satisfies the innovative characteristic of novelty to the market arena (Shehabuddeen, 2007). Kocarey (2012) depicts that laptops are new products of the twentieth century, and constantly, new features are introduced in their design, an example is a webcam device (p.26). It is an example of a continuous evolutionary innovation. Bicycles are other examples of innovative products.

Bicycle is a movable device, with two wheels, joined together by a straight metallic object, and navigated by use of a steering. There are many designs of bicycle products, and examples include mountain bikes, and utility bicycles. It is an example of a continuous evolutionary innovation. Its pace of innovation is high due to market competitions, and emerging needs. Photocopiers are an example of a revolutionary innovation. This is a machine that uses xerography or inkjet technology to produce copies of images (Deller et al, 2003).

This kind of innovation satisfies the concept of market strategy as a characteristic of an innovation. This innovation amounts to risk taking since it introduces new technology into the market. Television set is an example of a continuous evolutionary innovation. A television set is electronic equipment that has devices such as a turner, speaker and a screen, for purposes of displaying a picture and a message (Deller et al, 2003). Over time, television sets have evolved from analogue to digital systems.

One of the characteristics it displays is the intensity of the idea in place. The idea in place is a game changer, since digital productions are complex in nature, ensuring the production of high quality images. Mobile handsets are other examples of an innovation. This is an example of a continuous evolutionary innovation, and they emanate