StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Product and Evolutionary & Revolutionary Innovations - Essay Example

Cite this document
Summary
In this short essay, the author presents the requirement of market orientation & inter-functional co-ordination in product innovation and also presents the arguments on innovation theories pertaining to evolutionary & revolutionary innovations.
Lukas and Ferrell (2000…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful
Product and Evolutionary & Revolutionary Innovations
Read Text Preview

Extract of sample "Product and Evolutionary & Revolutionary Innovations"

Download file to see previous pages

They defined market orientation as the mix of customer orientation & competitor orientation. However Slater and Narver (1998. pp1000-1005) argued that customer orientation and market orientation should not be mixed. Customer orientation often results in short term myopic innovations whereby it is assumed that customers know very well what they want and hence following their wish list will automatically result in improved competitive advantages of the organizations. They further argued that customers grossly lack foresight of what they need and hence the organization will end up getting defocused from what they need and hence their products sell till the time the customers change their choices by realizing that this was not they needed.

Market orientation appears similar to customer orientation but there is a fundamental difference - market orientation is focused on customer needs and not their desires. Market orientation needs serious inter-functional orientation because the market study needs to be translated into long term goals and corresponding product innovations. An organization can get the best out of market orientation when they have sufficient skills to develop products that are not easy for competitors to imitate thus achieving an overall enhancements in competitive advantages.

Olson & Walker et al. (1995. pp. . on for new product innovations with help of market orientation - Bureaucratic Control, Individual Liaisons, Temporary Task Forces, Integrating Managers, Matrix Structures, Design Teams and Design Centers. On the other hand, innovations for customer orientation may not require such in-depth inter-functional coordination. Hence, the author concludes that both market orientation and inter-functional orientation of an organization are important and their effective integration results in newness of the products.

"Evolutionary" and "Revolutionary" innovationsVeryzer (1998. pp. 304-321) defined two fundamental types of innovations - evolutionary or continuous innovations and revolutionary or discontinuous innovations. The evolutionary innovations are targeted to evolve incremental innovations of the existing products thus allowing them to continue with improved features. The revolutionary innovations are radical in nature that takes the world by surprise through some kind of breakthrough that forces the corresponding existing products to obsolescence.

The author observed that the definitions of the two types of innovations explained by the researchers are from the perspective of the innovators that are carrying out technological changes in the existing products. But these two aspects should also be seen from the perspective of end users as well. From an end user perspective, something is radical only when it completely changes the way they have been seeing the product. The author hereby presents an example of VCR versus CD/DVD players. From the perspective of the innovators, both are completely different technologies and hence CD/DVD players are revolutionary innovations.

But the end users may argue that their primary objective was to see video on their television sets

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Product and Evolutionary & Revolutionary Innovations Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1501981-product-and-evolutionary-revolutionary-innovations
(Product and Evolutionary & Revolutionary Innovations Essay)
https://studentshare.org/miscellaneous/1501981-product-and-evolutionary-revolutionary-innovations.
“Product and Evolutionary & Revolutionary Innovations Essay”, n.d. https://studentshare.org/miscellaneous/1501981-product-and-evolutionary-revolutionary-innovations.
  • Cited: 0 times

CHECK THESE SAMPLES OF Product and Evolutionary & Revolutionary Innovations

THE NATURE OF KNOWLEDGE: DISCIPLINE AND SCIENCE

One specializes in research and development to produce groundbreaking and revolutionary products which shift the market paradigm, such as the PC, iPhone, lightbulb, TV, automobile, etc.... ?? “According to Kuhn the development of a science is not uniform but has alternating ‘normal' and ‘revolutionary' (or ‘extraordinary') phases.... The revolutionary phases are not merely periods of accelerated progress, but differ qualitatively from normal science....
4 Pages (1000 words) Essay

Evolutionary Trends to Transform Your Loyalty Strategy

The three revolutionary trends that were discussed in the article that can be used to build customer loyalty were the power of networks, the power of data, and the power of convergence.... hellip; The article You Say You Want a Revolution: Three evolutionary Trends that will Transform Your Loyalty Strategy was a very interesting article.... The telephone is an example of a product that follows Metcalf's law.... There are three dimensions that customers use to evaluate a product or service....
4 Pages (1000 words) Essay

What Went Wrong for eastman Kodak

Secondly, when it did get to grasp the importance of digital imaging the company opted for the much slower evolutionary strategy approach rather than the rapid revolutionary strategy approach.... According to the resource-based view of strategy, firms that have superior systems and structures are profitable not because they engage in strategic investments that may deter entry and raise prices above long-run costs, but because they have markedly lower costs, or offer markedly higher quality or product performance....
5 Pages (1250 words) Essay

Strategy,Process,Product, and Services Paper

Recent innovations, Powertrain and assistance system with adaptive distance and speed control, ensure emergence of clean technologies and allow GM to enter new… For GM, selectivity enters in where the key decision makers place their bets, and how far they go with these bets.... For GM, innovations allow to grow and mature.... Most of GM technologies are revolutionary for several reasons....
4 Pages (1000 words) Essay

Issues in Organizational Development

tructures that promote innovations are also emerging. Organizations management has Workers participation and empowerment is apparent whereby they are more involved in decision making process, can set own goals and solve problems through action learning (Dunton, 2008).... There will be more innovations and learning and client base will be diverse due to development in information and technology....
4 Pages (1000 words) Essay

Innovation & Change

Many people misinterpret innovations and discoveries as same things.... Many people considered the invention of automobiles as one of the greatest innovations of all time; however, currently we are aware of the environmental problems caused by the automobiles.... In other words, even though innovations often change the human life it is not necessary that these changes may affect the human life positively alone.... innovations change the human life drastically and the business people should adapt themselves to these changes in order to stay in the market....
4 Pages (1000 words) Essay

Week 1 discussion

Also in consideration are pens, One of the modern day's innovations is a laptop.... Photocopiers are an example of a revolutionary innovation.... It is an example of a continuous evolutionary innovation.... It is an example of a continuous evolutionary innovation.... Television set is an example of a continuous evolutionary innovation.... This is an example of a continuous evolutionary innovation, and they emanate...
4 Pages (1000 words) Assignment

Innovation - PAYPAL make the life more easier

The essay is written with the aim of discussing an innovation in the practical business world in recent year that has made the life of the consumers and businesses easier.... The case of PayPal as a radical innovation in action has been chosen for discussion and evaluation in this… PayPal was initially established as a company known as Confinity which developed a varied range of security software for use on handheld computing devices....
16 Pages (4000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us