Creativity may be outlined as downside identification and idea technology while innovation could be defined as concept choice, growth and commercialisation. Companies pursuing technology-led innovation tend to focus extra on breakthrough improvements than on incremental ones, counting on technology to help create markets for novel products and services that don’t but exist and to satisfy prospects’ anticipated future wants.
For example, with the assistance of communication technologies, individuals can receive and transmit varied contents, being in different corners of our world. Competition from competing technologies and easy accessibility to IP mitigates the perceived competitive benefit of any explicit expertise.
Phase-out previous services. In creativity, the only purpose seems to be the creation of the product, though inventive products like books may also be market directed. Apple used their know-how to introduce iOS and gained an early market benefit. The company first harnessed a low-tech solution to disrupt a business model; …Read More