From market failures to market opportunities: managing innovation under asymmetric information - Journal of Innovation and Entrepreneurship
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From market failures to market opportunities: managing innovation under asymmetric information - Journal of Innovation and Entrepreneurship
How many would-be innovators stay out of the Market for Solutions because the right risk financing doesn’t exist for them?
Charles Cushing • How can we fix the Market for Solutions?
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In an ideal state, it is the single source of truth that helps to inform every individual in the firm about what everyone else is up to. Information should be easy to add (input) as well as easy to search and find (output) resulting in quick knowledge transfer between different employees.
Julian Lehr • Chief Notion Officer
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Discovering markets for emerging technologies inherently involves failure, and most individual decision makers find it very difficult to risk backing a project that might fail because the market is not there.
Clayton M. Christensen • The Innovator's Dilemma
In the physical world, asymmetry is an underlying necessity for any change to happen. For example, the ‘death of the universe’ happens when all energy gradients are exhausted, and there are no asymmetries to create a gradient for energy to flow. If it weren’t for the micro asymmetries in the very early universe, nothing interesting like structures
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Pure Technology Innovation An excellent innovation thought experiment is the development of biomedical businesses because they eliminate a primary innovation dimension. In a two-dimensional space of companies, each point represents a problem. Technology is the x-axis, and problems are the y-axis. Innovative companies match technology to unsolved pr... See more
Jerry Neumann • Disruption Is Not a Strategy
By approaching a disruptive business with the mindset that they can’t know where the market is, managers would identify what critical information about new markets is most necessary and in what sequence that information is needed.
Clayton M. Christensen • The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (Management of Innovation and Change)
Kaustubh Sule added
lead user innovation, information asymmetry between manufacturers and users, and variance in user product needs.
Sasha Costanza-Chock • Design Justice: Community-Led Practices to Build the Worlds We Need (Information Policy)
Embracing Uncertainty in Entrepreneurship Pedagogy | Reaction Wheel
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