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Unit 5


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Catégorie :Category: nCreator TI-Nspire
Auteur Author: KTS.A7
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Fichier Nspire généré sur TI-Planet.org.

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Ï       5.1 Invention Ë       The lone inventor’Individuals who develop a new product without the support of a team or organization.         Advantages         Full control and ownership         Have ideas that are completely new and different         Disadvantages         Reduced collaboration         Increased risk         Limited resources Ë       Intellectual Property (IP)’A legal right granted to an inventor for their invention.         Benefits         Protection of inventions         Encouragement of innovation         Strategies for protecting IP         Patents (gives someone the right from the government to sell a new invention)         Trademark         Copyright Ë       First to Market Technologies’Technologies that are the first to be introduced to the market. Ë       Shelved Technologies’Technologies that were developed but never became commercially successful.         Reasons why patented technologies were shelved         Low market demand         High production costs   Ï       5.2 Innovation Ë       Innovation’The process of improving an existing product or service.         Reasons for products becoming innovations         Marketability         Price         Resistance to change Ë       Disruptive innovation’A new product or service that offers a better and cheaper alternative Ë       Process Innovation’A change in the way a product is made or delivered. Ë       Architectural/Modular Innovation’changing the structure or organization of a product or system. (Bike example, big wheel small wheel, to two identical wheels) Ë       Diffusion’a process where a market will accept a new idea or product. Ë       Suppression’a new idea or product is actively slowed.   Ï       5.3 Strategies for innovation Ë       Act of insight’The "eureka" moment, or a spark of genius, a potential solution is formed. Ë       Adaption’How a solution in one field is used to provide a solution to a new problem in a different field. Ë       Analogy’idea from one context is used to stimulate ideas for solving a problem in another context. Ë       Chance’an unexpected discovery leads to a knew idea Ë       Technology push’Scientific research leads to advances in technology that support new ideas. Ë       Market Pull’A new idea is needed as a result of demand from the marketplace.   Ï       5.4 Stakeholders in invention and Innovation Ë       Product Champions’an individual who takes a liking to an invention and owns it within the organization. Ë       Entrepreneurs’individuals who can take an invention to the market Ë       Multi-Disciplinary Approach to Innovation’Effective design drawn from multiple areas of expertise.         Advantages         Wide range of knowledge         Wide range of expertise         Disadvantages         May not want to share ideas for fear of losing ownership         Individual may not be used to working in teams Ï       5.5 Product life cycle Ë       Key stages         Launch         Growth         Maturity         Decline Ë       Obsolescence’when a product becomes outdated or no longer useful.         Types         Planned         Style Fashion         Functional         Technological       Ï       5.6 Roger's Characteristics of Innovation and Consumers Ë       Diffusion’is the wide acceptance and sale of a product or innovation. Ë       Categories of consumers in relation to technology adoption’         Innovators’First individuals to adopt an innovation         Early Adopters’Second fastest category to adopt an innovation (enjoy being ahead) Ë       Relative advantage’is how improved an innovation is over the previous generation Ë       Compatibility’Is how fitting a design is with the beliefs, needs, wants and values. Ë       Complexity’is the degree to which a design is perceived as easy to use. Ë       Crowdfunding’Raising money for a project through small contributions from a large number of people. Ï       5.7 Innovation Design and Marketing specifications Ë       Target Market’Describes the sectors and segments within a population. Ë       Types of Target Markets         Segmented - according to shared geographic characteristics         Demographic - gender, age, income, education.         Psychographic - similar attitudes and values or lifestyles         Behavioral - types of behavior consumers display when purchasing Ë       Market Analysis’Researching consumer needs and preferences. Ë       User need’A problem a user is trying to solve or a goal they are trying to achieve. Ë       Research methods         Literature Search         Quantitative and Qualitative Ë       Design Specifications         Aesthetic requirements         Cost constraints         Customer requirements         environmental requirements Made with nCreator - tiplanet.org
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