Showing 231 - 240 of 242
Empirical studies have shown that millions of individual users develop new products and services to serve their own needs. The economic impact of this phenomenon increases if and as adopters in addition to the initial innovators also gain benefits from those user-developed innovations. It has...
Persistent link: https://www.econbiz.de/10014037345
In a study of innovations developed by mountain bikers, we find that user-innovators almost always utilize “local” information– information already in their possession or generated by themselves – both to determine the need for and to develop the solutions for their innovations. We argue...
Persistent link: https://www.econbiz.de/10014112225
In the traditional new product development process, manufacturers first explore user needs and then develop responsive products. Developing an accurate understanding of a user need is not simple or fast or cheap, however. As a result, the traditional approach is coming under increasing strain as...
Persistent link: https://www.econbiz.de/10014117246
To solve a problem, needed information and problem-solving capabilities must be brought together. Often the information used in technical problem solving is costly to acquire, transfer, and use in a new location — is, in our terms, "sticky." In this paper we explore the impact of information...
Persistent link: https://www.econbiz.de/10014095632
A central tenant of open innovation is free revealing of the detailed workings of novel products and services, so that others may use them, learn from them, and perhaps improve them as well. We explain that innovators frequently do freely reveal proprietary information and knowledge regarding...
Persistent link: https://www.econbiz.de/10014027037
Household innovation is the development of functionally novel products, processes, or other applications by consumers. These are developed in discretionary time without payment. Household innovation is widely present in all economies, but not yet in official statistics. In this chapter we...
Persistent link: https://www.econbiz.de/10013295805
In a first survey of its type, we measure development and modification of consumer products by product users in a representative sample of 1,173 UK consumers aged 18 and over. We estimate this previously unmeasured type of innovation to be quite large: 6.1% of UK consumers – nearly 2.9 million...
Persistent link: https://www.econbiz.de/10013300139
Despite recent interest in measuring household activities, investment in household R&D (or household innovation), has not been considered in any of the literatures on national-accounts-style measurement. Household R&D is the dedication of household resources to creating a product or process that...
Persistent link: https://www.econbiz.de/10013404578
It has long been assumed that product innovations are typically developed by product manufacturers. Because this assumption deals with the basic matter of who the innovator is, it has inevitably had a major impact on innovation-related research, on firms' management of research and development,...
Persistent link: https://www.econbiz.de/10013404785
Innovation is rapidly becoming democratized. Users, aided by improvements in computer and communications technology, increasingly can develop their own new products and services. These innovating users - both individuals and firms - often freely share their innovations with others, creating...
Persistent link: https://www.econbiz.de/10014065233