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Showing posts from October, 2018

Week 6 - The Role of Market Experimentation and End-user Innovation - Complete


Democratizing Innovation by Eric Von Hippel Chapters 1- 4

Chapter 1 With a traditional model, a user’s only role is to have needs, which
manufacturers then identify and fill by designing and producing new products.
The manufacturer-centric model does fit some fields and conditions.
We are heading towards a user-centered innovation process. - can develop exactly what they want - can benefit from innovations by others - increases social welfare

User firms with unique needs will always be better off developing new products
for themselves.

Chapter 2
Important processes or improvements are developed by users
- machines that facilitate and abridge labor, and enable one man to do the work of many
- working on a machine naturally leads to thoughts of improvement
- mainly developed by lead users
 - experience needs today that the bulk of the market will want tomorrow
 - users who are on the leading edge of important market trends  - anticipate benefits from getting a solution

Technique innovation is …