Innovation management. Product life cycle and innovation (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Innovation management. Product life cycle and innovation (most important)

Lecture notes, cheat sheets

Table of contents (expand)

3. PRODUCT LIFE CYCLE AND INNOVATION

The life cycle is a set of interconnected phenomena, processes, works that form a complete circle of development in a certain period of time. The life cycle of an innovation is the length of time during which an innovation has an active life force and brings both the manufacturer and the seller a profit or some other real benefit.

The life cycle concept is as follows:

1) the manager is forced to analyze the economic activity of the real-time position in the perspective of its development;

2) he argues the need for systematic developments in planning the release of innovations, as well as in the acquisition of innovations;

3) the concept is the basis for the analysis and planning of innovation.

An analysis of an innovation allows you to determine at what stage of the life cycle this innovation is, its immediate prospects, periods of sharp decline and end of existence.

The life cycles of innovation are classified by types of innovation, i.e., by the total duration of the cycle, the duration of each stage within the cycle, and the specifics of the development of the cycle itself.

The life cycle of a new product consists of seven specific stages, such as:

1) development of a new product - organization of the innovation process, capital investment;

2) entering the market - the product makes a profit during the implementation period;

3) market development - an increase in the volume of sales of products on the market, an analysis of the time when a new product is actively sold and the market reaches saturation with this product;

4) stabilization of the market - sales growth stopped;

5) decrease in the market - there is a decline in the sale of the product, but there is a demand for this product, which means that there are objective prerequisites for an increase in the volume of sales of the product;

6) market rise - demand exists, the manufacturer studies the conditions of demand, changes its personnel and pricing policy, applies various forms of material incentives for the sale of the product, and activates advertising. This allows you to increase the volume of sales for a certain period of time;

7) market fall - there is a complete sale of the product or a complete cessation of the sale of the product due to its lack of demand from the buyer.

Authors: Evgrafova I.Yu., Krasnikova E.O.

<< Back: Cyclicality and pattern of development of the innovation process

>> Forward: Classifications of innovations

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Medical statistics. Lecture notes

▪ The main dates and events of domestic and foreign history. Crib

▪ Internal illnesses. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Kingston KC310 960 GB SSDs 17.04.2015

Kingston Digital has announced the availability of its largest enterprise SSD, the 310GB KC960.

This 2,5-inch drive uses the Phison PS3110-S10 eight-channel controller to provide high-speed SATA 6Gb/s data transfer. In sequential read mode, it reaches 550 MB / s, in sequential write mode - 520 MB / s. Performance on random access operations in blocks of 4 KB reaches 96000 IOPS in read mode and 88000 IOPS in write mode.

The drive features an Advanced SmartECC data protection mechanism that automatically recovers information, and a mechanism that minimizes the risk of data loss in the event of a sudden power outage. The drive supports SMART technology and the TRIM function.

The manufacturer provides a three-year warranty on the drive, estimating the mean time between failures at 1 million hours. The SSD resource is declared equal to the ability to write 681 TB of information during its entire service life.

Other interesting news:

▪ Aquantia AQtion network cards for 2,5/5G networks

▪ Texas Instruments SN74AXC Level Transmitters

▪ Autonomous hydrogen energy source in container design for shipping

▪ Palette Cube accurately detects colors

▪ Toshiba N300 Pro and X300 Pro hard drives

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the site Radioelectronics and electrical engineering. Article selection

▪ Biant's article. Famous aphorisms

▪ article Where and when was a tsunami over 500 meters high recorded? Detailed answer

▪ article Trutovik bone-tubular. Legends, cultivation, methods of application

▪ article The work of the GSS, with an RF bridge. Encyclopedia of radio electronics and electrical engineering

▪ article A cup of coffee. Focus Secret

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews