Lecture 2 Flashcards
What are the three strategies for growth?
1) Scaling
2) Duplication
3) Granulation
Growth by scaling works best when?
The market is potentially large enough for rapid growth in a focused product line.
Growth by duplication works best when?
The business requires physical presence and the company can repeat its business model in new geographic markets
Growth by granulation works best when?
Growth through scaling and duplication has clear limits.
-> Creating new business units
What is best for most early-stage companies?
To implement (1) scaling (2) duplication (3) granulation
What is the difference between evolution and revolution in business terms?
Evolution: periods of growth with no major upheaval
Revolution: periods of substantial turmoil
What does importance measure?
The magnitude of the economic value of an invention
What does radicalness measure?
The degree an invention differs from the previous inventions
What does patent scope measure?
The breadth of intellectual property protection for the invention
How relevant is the new/improved benefit that would result from the deployment of the new technology
-> ?
Importance
How different is the core logic of the new technology in comparison to the state of the art -> ?
Radicalness
How diverse is the potential deployment of the new technology
-> ?
Patent scope
