INNOVATION FUNDAMENTALS

4 important questions on INNOVATION FUNDAMENTALS

True or False. Incumbents' customers often favor incremental improvements over radical innovations.

True

This is common in industries where products are physically networked, or where complimentary goods or compatibility are important.

Network Externalities

True or False. A product is more likely to be selected as a dominant design if has the highest combined value (standalone plus network externalities)

True
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The development of a dominant design marks the beginning of the ______ phase.

Growth Phase

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