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The product has to be usable by the target audience or they will not buy it

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The target audience is a niche base so observability is important or they will not know about the product

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Compatibility: Makes it easier for the customer to use
Observability: more customers will see the product so more sales

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Social media can play a very important role in the success of an invention. Advertising on social media will provide a larger audience however, it is not up the inventors/owners of the product to make people think in a specific manner over their product.

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advertising the product through effective social media, making ads with people who are famous/ popular.

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Building the speaker yourself may seem hard for some people. The product can be sold in a built form and if people prefer building the speaker themselves, they can take it dissembled. The company could also have workers who will assemble the speaker for the customers.

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Values: musical people, people who value music and sounds
Identity: Modern look
Lifestyle: Music people

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The compatibility of this product is shown through the product versioning of the product.

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The speakers are more noticable

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Improving a product and targeting it at a specific audience who use/ require that product can extend its maturity since it will encourage them to view these products as developed from of the older version. (product versioning)

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1.  Compatibility: suits majority's lifestyle
2. Observability: expose invention/ innovation to more consumers.

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1. students
2. people who like arts, activity or building

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1. An increase in the price of a new product/ invention would not encourage the customer to try new things and invest their money into the new invention.
2. The relevance of the invention for the customers can affect the chances of the invention being successful innovation since an invention needs scope to be developed and the customers must be interested in the idea to invest their time and money in it.

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By giving your patent a trademark.
Mass production of the product (after advertisement)

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'User needs' express people's goals, values and aspirations. They are the things people need from a product or service to do something. It can change how the product thinks, works, and looks.

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User trail: The company of the product can give the product for a variety of consumers to find out what they say to get the target audience

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Enjoyment, satisfaction, and the speaker needs to make noise

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DIY portable speakers

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The product is DIY, Home audio speaker, portable speaker.

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Market sector: Technology
Market segment: USA
Target audience: People who need speakers
Demographic: Middel class income, Age 7-100, Big family.
Psychographic: People who listen to music
Geographic: In a room

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Travis Scott & Macdonalds
Travis supported Macdonalds to make a Travis Scott Meal.

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Social media can generate a lot of support for the product which can make the product a success. Social media celebs can write or say one bad thing about the product and the product can go downhill.

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By advertising it with popular people or by creating short ads.

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The speaker should have a build version and a DIY version so that it can be used by more people and make it more adaptable.

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Lifestyle: People who listen to music everyday.
Values: People who want music to be played aloud.
Identity: People who are more in the modern look.

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In todays time it is acceptable to have a speaker in every room, therefore the R3 would be perfect.

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If you have a Tv but there is no space to put the speaker or at the living room and there is no space for a speaker to but on. Then you can use the R3 speaker who has a stand of on its own.

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By marketing this product to older people who use older versions of speakers can extend its maturity, because older people will see this product as new and improved from their older versions.

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Late majority

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Compatibility, the product fits with most of the majority's lifestyle and believes.

Complexity (simplicity) would make the product easier to use and to understand.

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Early Majority Consumers

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If an influential social media figure likes the speaker and says so publicly, sales can skyrocket, on the other hand, if they say they dislike it, sales can drop significantly because they have great influence over a large base of potential customers.

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Putting the R3 speaker in a movie/show, especially if the actors interact with or mention it, is a great way to expose the idea to a large amount of customers.

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For those with slightly simpler lifestyles, having something that looks more traditional may be desirable.
People who value simplicity or their own handiwork would like this product because of it's simplicity and not prebuilt nature.
People who identify with an older crowd could see this as a physical representation of older times, while still being functional.

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Compatibility is shown in this product because it is integrating an older piece of technology, or at least the look, with modern technology and streaming.

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While the novelty of building your own speaker is a selling point of the speaker, to many it would just be annoying. Either having an option for it to come prebuilt or just having all of them be prebuilt may become necessary to gain sales.

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Because the speaker is somewhat out of place in the home, it makes it easily observable. This means that people will notice when others have it, exposing the product to a wider audience.

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This can be seen as sustaining innovation for bluetooth speakers, to be able to market them to an older crowd who grew up with different technology available.

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Observability would expose the product the more consumers, low complexity would make it easier to assemble

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people who like construction, or people who like the look of retro technical items.

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1) creative people
2) students

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The whole "build by yourself" thing can be seen as a useless integration. But as long as the speaker gives good-quality audio it should meet the market expectations

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people who like the older retro look for their products
people who like to build the items themselves

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Hobbyists who like building and crafting and also like listening to music or news on the radio

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Comsumers interested in hand crafts (who would then find enjoyment in constructing the radio).

Generally with the lenguage used, inclussion of bluetooth and the DIY nature of the product, it could also be assumed that this product targets a younger audience.

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people that like the activity of building, or people who like the look of retro tech items.

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people who used more vintage radios as a kid
People interested in building something themself

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disruptive innovation is an innovation that offers something new to the market therefore my innovation could be considered disruptive, it is a new device that replces a door.

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I used a configurational innovation strategy to create my innovation as i invented a new product using existing ideas

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entrepreneurs can help me because they use strong communication skills to sell products and motivate employees. most successful entrepreneurs know how to motivate their employees so the business grows overall.

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if it becomes successful and there's a big demand you might not have the funds to produce enough

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advantages:
- getting feedback from someone with a different perspective and they might point out things you overlooked
- different people could be experts in different fields so it is always good to have someone else's input
disadvantages:
-you might not agree on things and it can create arguments and confusion in the team
- might not get along with them because of personal differences such as speed of work

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advantages:
methods can be faster.
more ideas, variety.

disadvatages:
hard to handle big groups.
working methods can be different and the efficiency of the work.

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On one side, you gain more points of view to make your product better fit multiple users along with the team being more skilled overall in handling different aspects of the designed process. If you composed your team of individuals skilled in only one discipline, the product may excell in regards to that one discipline yet fall short in others.

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a product champion could be helpful with managing my business and pointing out flaws in my design before it goes into the market

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Through better managing the use of funds and advertising, an entrepeneur would allow for more efficient development.

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A product champion could better advertise the product and raise funds to begin manufacturing, this way the product could eventually be sold for less to the users. This is especially helpful considering the target audience for this product are LICs.

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It would be a modular innovation. The innovation aims to improve the materials and simplicity of already existing compactor designs to allow a simpler device powered only by human strength rather than a motor or some other power source.

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there might be competition: big companies like aliexpress most likely have already come up with an invention like mine and mass-produced it.
out of the buyer's price range: my product is mainly for refugee shelters and people who run the place mainly get the money from charities so my product might be too expensive and they wont buy it.

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It would fall under sustaining as it improves on the already existing waste management systems by allowing the user to better store waste until it is collected. It would work with the existing waste management systems & products to improve waste management as a whole.

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Any already existing trash compactors/grinders

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Advantages: different perspectives on the design process and idea; faster development process

Disadvantages: lone inventor; ownership of product; different personal values.

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1) not enough people  are interested in my product
2) ineffective marketing strategies
3) out of the buyer's price range
4) there might be competition
5) not enough funds
6) poor financial management
7) design flaws

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the entrepreneur knows procedures to help you make your product unique and stand out, which can lead to bigger sales and more money.

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Advantages:
Streamlined workflows and time saved. ... Improved patient and team satisfaction.

Disadvantages:
One of the disadvantages of MDT discussions is the lack of patient involvement since patients are not present at these meetings.

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They are the link between the customer and business. Emotional stability and status requirement.

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An entrepreneur can invest in innovations that can help bring the product into the market

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A product champion could help develope idea and market the design

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I applied a modular innovation strategy since the basic configurations of the foldable wall stays the same however some parts of this product is improved or changed in this design

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the business champion can help you organise and sell your product and make sure it's done before the release.

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A product champion can be helpful for improving, ensuring the success, and to finished the product.

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My product is an improved design of the foldable wall

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foldable portable wall

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I used  modular innovation, because i only changed one thing about the product.

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The advantages are that the people have a better knowledge of their areas of expertise. Since there are more people the work can be split and the worload is way more minimal.
The disadvantages is that people rely on each other, and if someone does not do their job properly it can affect the end product. The other disadvantage is that there could be miscommunication between peers with can mess up the whole project.

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A product champion is a person can support commercial products to respond to product problems.

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My innovation is a process innovation as it builds of leser products.

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I used configurational innovation strategy because the basic product remained the same, I just changed a few things.

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More rotation of the armrest

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my innovation is a process innovation because I invented a new product that meets the needs of. a large group of people

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An entrepreneur knows methods of making your product to stand out from other. Which will attract more customers

Correction:
Because they have a deep knowledge of the market and they have good connections, which helps defuse

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a product champion can be helpful as it develops an idea that is better fitted for the current market and attract more attention from customers

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Misaligned incentives - Instead we're using the phrase misaligned incentives to refer to situations where the incentives of the people or groups involved in an activity may not be aligned to achieve a common goal that's intended. Often the outcome is that cooperation's undermined, giving suboptimal results.
Lack of Preparation - Failure to be ready for the future or product.

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replaces doors

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I used a modular configuration because it is an existing product with added modules, improving the product

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Mine is a sustaining innovation because it improves an existing product.

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Misaligned Incentives. Lack Of Preparation. Misunderstanding Your Market. Prioritizing Technology Over Solutions.

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The company can’t support fast growth. The product falls short of claims and gets bashed. The new item exists in “product limbo.”

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lost earphones

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My innovation is a process innovation as it completely raplaces the mug, but it is also a bit distruptive as the water cooling function can be a gimmic as some people prefer to have incredibly hot liquids to drink

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It replaces the mug, because a mug is used usually to carry hot liquids, and this invention will replace it as it can also cool down the liquid

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Being first typically enables a company to establish strong brand recognition and customer loyalty before competitors enter the arena.

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Advantages:
-Multiple perspectives on every problem
-Many areas of expertise, allowing a more complex invention

Disadvantages:
-People may not work together well
-different styles/speeds of working

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An entrepreneur would be able to help secure funding and sell the product to corporations or other clientele

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A business champion can help to organize and sell your product, as well as checking responses and making sure your product is finalized before release.

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I used a modular innovation strategy because I kept most mechanisms the same, and only adapted the parts that did not work as well.