value Flashcards

1
Q

technology innovation

A

-building it and they will come
- creation of breakthrough technology
-often translates to more costs
- does not necessarily equal buyer rate
-technology alone has little value to most users

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2
Q

value innovation

A

-the pursuit of differentiation (all products work together) and low costs (not low price)
- providing value for the buyer
- does not preclude technology innovation (going back to watch case - level of sophistication has changed)
-leap in va,ue

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3
Q

what is the association of value and tech innovation?

A

there is an equal emphasis

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4
Q

value without?

A

innovation is generally incremental

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5
Q

innovation without?

A

value tends to be tech-driven

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6
Q

increasing value and having lower cost =?

A

profit

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7
Q

when will technology not attract buyers?

A

if it does not make a buyers life easier it will not be adopted

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