ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

TYPES OF INNOVATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
technology also changes in 2 phases which are fluid and dominant. what means by fluid and dominant?
A
fluid-experiment with different product designdominant-more to incremental innovation
B
fluid-experiment with same product designdominant-more to radical innovation
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Fluid Phase – the first phase they called fluid phase, where technological and market uncertainties prevail, a great deal of changes take place conteporaneously and outcomes may vary significantly. It is almost a large experimentation game in the market place.

Detailed explanation-2: -A dominant design can be a new technology, product or a set of key features incorporated from different distinct technological innovations introduced independently in prior product variants.

Detailed explanation-3: -In the product lifecycle, the occurrence of a dominant design is a watershed event that marks the end of technological discontinuities as characterized by multiple competing product designs and the beginning of incremental technological progress.

Detailed explanation-4: -Ideation and Brainstorming. Many groups will build on a new idea right when it first arrives, validating the idea or adding to it. Proposal Building and Refinement. Evaluation. Prototyping and Testing. 14-Jul-2018

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