MGT3960 Entrepreneurship Management Fall 2015

"There's a way to do it better—find it."— Thomas Edison

Technology Entrepreneurship

Name three factors that impact how a new technological innovation fits existing market conditions.

 

  • Early customers receive the innovation and spread their rewarding experience.
  • Competitors start loosing their market position.
  • Innovation adapts to the market need with customers feedback.

Name two factors that impact the market window of opportunity.

A window of opportunity is a short time period during which an otherwise unattainable opportunity exists. So its important to take in mind where your innovation is at the hype cycle, as well as the possible market reaction to this innovation.

Name a product that is currently being used by early adopters only.

For example Tesla cars, that are really innovative and can change the Automobile industry they are being used by a small percentage of the population.

Author: f.fernandezdenavarr

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