market knowledge employed with in a business model that can deliver a new
service or product to the customers will willing to purchase it at the price of that will
provide them a profit
THE GROWTH OF THE INTERNET AND KNOWLEDGE AND IDEAS
2ND INTERNATIOAL REDUCTION OF TRADE BARRIERS
INTERNATIONAL FREE FLOW OF CAPITAL
SHIFT IN THE SERVICE ECONOMY PRB TO THE SOLUTION
RAPID UPDATS IN DAH TECHNOLOGY.
TYPES OF INNOCATION
THERE ARE TWO TYPES OF THE INOVATION
INCREMENTLE INOVATION
RADICAL INOVATON
1ST
INCREMANTLE INOVVATION IS THAT TYPE OF INNOVATION IN WHICH THE
IMPROVEMENT OF PRODUCT AND SERVICES COMES UPGRADAION COMES FOR
EXAMPLE THE CD ARE NOW CHANGED TO MP3 AND ALSO DIFFERENT MODELS OF
THE MOBILE SETS UPDATING DAY BY DAY AND ANOTHER EXAMPLE CAN BE THE
MOTOR CARS UPGRADTION COME ON EACH TIME
WHILE ON THE OTHER HAND RADICAL INNOVATION IS THAT TYPE OF INNOVATION IN
WHICH THE NEW PRODUCT OR SERVICE ARE INVENTED THAT IS NOT ALREADY
INVENTED THE EXAMPLE CAN BE THE GOOGLE GLASIS NEXT GENERATION
COMPUTER U JUSE TO WEAR A GLASSES AND THE SCREEN WILL COME INFRONT OF
YOU THIS KIND OF INNOVATION IS CALLED REDICLE INOVATION
FRAME WORKSFOR INNOVATION
ANALOGS
THE IDEA OF THIS FRAMEWORK IS THE TRANFERING OF IDEA FROM ONE FIELD INTO
ANOTHER
EXAMPLE: DELL IS NOW MAKING A PRINTERS THAT ARE CONNECTED TO THE
INTERNET AND HAS A BUILT INK CARTRAGE SOFTWARE, WHEN THE INK CARTRAGE IS
GOING TO OVER. THE SOFTWARE UPDATES OR FORCASTE THE COMPANY THAT THE
CARTRAGE IS GETTING OVER AND THUS IT SAVE MONEY TIME AND EFFICIENT AND
DELEVERD IT ON TIME
INTERSECTION OF THE TECHNOLOGICAL TRENDS
MAKING USE OF THE COMBINATION OF THE TECHNOLOGIES TO MAXIMISE THE
PERFORMANCE AND MINIMISE THE COST . FOR EXAMPLE THE CAMERA WITH A